Guideline Value for Thangaraj Nagar 2nd Cross st

Thangaraj Nagar 2nd Cross st guideline value

The current guideline value of Thangaraj Nagar 2nd Cross st is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Thangaraj Nagar 2nd Cross st has changed

The guideline value for Thangaraj Nagar 2nd Cross st has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 1,005 per sq.ft. The 2023 revision saw an increase to Rs 1,500 per sq.ft, and the most recent 2024 revision has further increased it to Rs 1,650 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft. The median value among these streets is Rs 1,650 per sq.ft, which is equal to the 2024 figure for Thangaraj Nagar 2nd Cross st.

• Thangaraj Nagar 1st Cross st: Rs 1,650 per sq.ft (2024)
• Thangaraj Nagar 3rd Cross st: Rs 1,650 per sq.ft (2024)
• Thangaraj Nagar: Rs 2,200 per sq.ft (2024)
• Thangaraj Nagar Extn: Rs 2,200 per sq.ft (2024)
• Thangaraj Nagar Main Road: Rs 1,980 per sq.ft (2024)
• Thamarai Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Thangaraj Nagar 2nd Cross st

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, resulting in a total of Rs 1,48,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thangaraj Nagar 2nd Cross st?

The Sub Registrar Office that covers Thangaraj Nagar 2nd Cross st is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Peerklankaranai

The guideline value is a crucial factor in the registration process for property transactions in Peerklankaranai. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees that buyers must pay.

When buying or selling property, it is essential to be aware of the current guideline values as they can significantly impact the overall cost of the transaction. Buyers should ensure that they are informed about the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thangaraj Nagar 2nd Cross st?

The current guideline value of Thangaraj Nagar 2nd Cross st is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024, marking a 10% increase. The value was Rs 1,005 per sq.ft in 2017 and Rs 1,500 per sq.ft in 2012, showing a significant increase over the years.

What is the land classification for Thangaraj Nagar 2nd Cross st?

The land classification for Thangaraj Nagar 2nd Cross st is Residential Class I Type - II.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Thangaraj Nagar 2nd Cross st?

The Tambaram Joint 1 Sub Registrar Office is responsible for handling registrations for Thangaraj Nagar 2nd Cross st, located at No.26, Mes Road, East Tambaram, Chennai-600059.