Guideline Value for Thangaraj City

Thangaraj City guideline value

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

How the guideline value of Thangaraj City has changed

Over the years, the guideline value of Thangaraj City has seen several revisions. 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. From 2017 to 2023, there was a significant increase of 49% to return to Rs 800 per sq.ft.

As of the latest 2024 revision, the guideline value remains at Rs 800 per sq.ft, showing no change from the previous year. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

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's 2024 guideline value above this median.

• Thangaraj Avenue: Rs 800 per sq.ft (2024)
• Thangaraj City Extension: 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

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

Which Sub Registrar Office covers Thangaraj City?

The Sub Registrar Office that covers Thangaraj City is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Nenmeli. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations associated with the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Thangaraj City?

The current guideline value of Thangaraj City 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 from 2012 to 2024, with a decrease to Rs 536 per sq.ft in 2017 and an increase back to Rs 800 per sq.ft in 2023.

What is the land classification of Thangaraj City?

The land classification for Thangaraj City is Mixed Type - II, indicating a combination of residential and commercial uses.

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

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles the registration of properties in Thangaraj City.

How is stamp duty calculated for properties in Thangaraj City?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 at 7%.