Guideline Value for Thangaraj Nagar Main Road

Thangaraj Nagar Main Road guideline value

The current guideline value of Thangaraj Nagar Main Road is Rs 1,980 per sq.ft, effective from 1 July 2024. This road is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Thangaraj Nagar Main Road has changed

The guideline value for Thangaraj Nagar Main Road has undergone several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft. In 2017, it decreased to Rs 1,206 per sq.ft, marking a drop of 33%. However, the value saw significant increases in subsequent years, with the 2023 revision bringing it back up to Rs 1,800 per sq.ft, and the latest 2024 revision increasing it further to Rs 1,980 per sq.ft, a rise of 10% from the previous year.

Between 2017 and 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peerklankaranai

In Peerklankaranai village, 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 for these streets is Rs 1,650 per sq.ft, placing Thangaraj Nagar Main Road's 2024 figure above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, making the total cost for these fees Rs 1,78,200. 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 on calculating these fees.

Which Sub Registrar Office covers Thangaraj Nagar Main Road?

The Sub Registrar Office covering Thangaraj Nagar Main Road 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 a crucial factor in the registration process when buying or selling property in Peerklankaranai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When you register a property, the guideline value helps ensure that the transaction is documented at a fair value, which is necessary for legal and taxation purposes. Buyers and sellers should be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thangaraj Nagar Main Road?

The current guideline value of Thangaraj Nagar Main Road is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification for Thangaraj Nagar Main Road?

The land classification for Thangaraj Nagar Main Road is Residential Class I Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Thangaraj Nagar Main Road is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would be Rs 1,78,200.