Guideline Value for Thangaraj City Extension

Thangaraj City Extension guideline value

The current guideline value of Thangaraj City Extension is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Nenmeli village under the Chengleput Joint I SRO and is classified as Mixed Type - II land.

How the guideline value of Thangaraj City Extension has changed

The guideline value for Thangaraj City Extension has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 800 per sq.ft. The 2017 revision recorded a lower value of Rs 536 per sq.ft, marking a decrease of 33% from the 2012 figure. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back up to Rs 800 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 800 per sq.ft.

Guideline values in Nenmeli

Nenmeli village features 53 streets under the Chengleput Joint I SRO, with guideline values ranging from Rs 400 to Rs 2,500 per sq.ft. The median value for these streets is Rs 612 per sq.ft, placing Thangaraj City Extension above this median.

• Thangaraj City: Rs 800 per sq.ft (2024)
• Thangaraj Avenue: Rs 800 per sq.ft (2024)
• Teachers colony Extension-II: Rs 600 per sq.ft (2024)
• Teachers Colony Ext: Rs 550 per sq.ft (2024)
• Teachers Colony: Rs 500 per sq.ft (2024)
• S.S.Garden Phase-I: Rs 1,045 per sq.ft (2024)

Stamp duty and registration fee for property in Thangaraj City Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, while the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thangaraj City Extension?

The Thangaraj City Extension falls under the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Nenmeli

The guideline value is a crucial factor when registering property transactions in Nenmeli. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the purchase or sale of property.

When a buyer or seller approaches the registration office, the guideline value helps ensure that the transaction is recorded accurately and transparently, reflecting the value of the property as determined by the local authorities.

Frequently asked questions

What is the current guideline value of Thangaraj City Extension?

The current guideline value of Thangaraj City Extension is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 800 per sq.ft since 2012, with a decrease to Rs 536 per sq.ft in 2017, followed by a return to Rs 800 per sq.ft in 2023 and 2024.

What are the other streets in Nenmeli and their guideline values?

Other streets in Nenmeli include Thangaraj Avenue at Rs 800 per sq.ft, Teachers Colony Extension-II at Rs 600 per sq.ft, and S.S.Garden Phase-I at Rs 1,045 per sq.ft, among others.

What are the stamp duty and registration fees for properties in Thangaraj City Extension?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a property valued at Rs 8,00,000, the total fees would be Rs 72,000.

Where can I find the Sub Registrar Office for Thangaraj City Extension?

The Chengleput Joint I Sub Registrar Office covers Thangaraj City Extension and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.