Guideline Value for Thangaraj Nagar 3rd Cross st

Thangaraj Nagar 3rd Cross st guideline value

The current guideline value of Thangaraj Nagar 3rd 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 3rd Cross st has changed

The guideline value for Thangaraj Nagar 3rd Cross st has seen 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 2017 revision of Rs 1,005 per sq.ft. The guideline value remained at Rs 1,500 per sq.ft until the 2023 revision, which increased it to Rs 1,650 per sq.ft, marking a 10% rise. The latest revision in 2024 further confirmed this value at Rs 1,650 per sq.ft.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, which is the same as the guideline value for Thangaraj Nagar 3rd Cross st.

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

Stamp duty and registration fee for property in Thangaraj Nagar 3rd Cross st

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

Which Sub Registrar Office covers Thangaraj Nagar 3rd Cross st?

The Sub Registrar Office that covers Thangaraj Nagar 3rd 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 further assistance.

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

The guideline value is an essential factor when registering property transactions in Peerklankaranai. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property based on the prevailing rates in the area. This value is crucial for legal and financial transactions, ensuring transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value for Thangaraj Nagar 3rd Cross st?

The current guideline value for Thangaraj Nagar 3rd 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. It was Rs 1,005 per sq.ft in 2017 and Rs 1,500 per sq.ft in 2012.

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.

Which Sub Registrar Office is responsible for Thangaraj Nagar 3rd Cross st?

The Tambaram Joint 1 Sub Registrar Office is responsible for Thangaraj Nagar 3rd Cross st, located at No.26, mes Road, East Tambaram, Chennai-600059.

What land classification applies to Thangaraj Nagar 3rd Cross st?

The land classification for Thangaraj Nagar 3rd Cross st is Residential Class I Type - II.