Guideline Value for Thangaraj Nagar Extn

Thangaraj Nagar Extn guideline value

The current guideline value of Thangaraj Nagar Extn is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Peerklankaranai village under the Tambaram Joint 1 SRO, classified as Residential Special Type - I.

How the guideline value of Thangaraj Nagar Extn has changed

Over the years, the guideline value for Thangaraj Nagar Extn has seen several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in 2017. Following that, the 2023 revision increased the value to Rs 2,000 per sq.ft, and the most recent 2024 revision has raised it to Rs 2,200 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%, while the 2023 to 2024 revision shows a 10% increase. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft. The median value is Rs 1,650 per sq.ft, making the 2024 figure of Rs 2,200 per sq.ft for Thangaraj Nagar Extn above the median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thangaraj Nagar Extn?

The Sub Registrar Office that covers Thangaraj Nagar Extn 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 during the registration of property transactions in Peerklankaranai. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the financial implications of the transaction. Buyers and sellers should be aware of the current guideline value to understand their obligations regarding taxes and fees associated with the property transfer.

Frequently asked questions

What is the current guideline value of Thangaraj Nagar Extn?

The current guideline value of Thangaraj Nagar Extn is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the stamp duty on property in Thangaraj Nagar Extn?

The stamp duty for a property in Thangaraj Nagar Extn is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 1,54,000.

Where is the Sub Registrar Office for Thangaraj Nagar Extn located?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.

What is the land classification for Thangaraj Nagar Extn?

Thangaraj Nagar Extn is classified as Residential Special Type - I, indicating its designation for residential purposes.