Guideline Value for Thangaraj Nagar

Thangaraj Nagar guideline value

The current guideline value of Thangaraj Nagar, located in Perungalathur village under the Padappai SRO, is Rs 2,310 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification.

How the guideline value of Thangaraj Nagar has changed

The guideline value for Thangaraj Nagar has undergone several revisions over the years. In 2007, the value was set at Rs 250 per sq.ft. This increased significantly to Rs 2,100 per sq.ft in 2012, marking a rise of 740%. However, by 2017, the value decreased to Rs 1,407 per sq.ft, which represented a decline of 33%. The value then saw a substantial increase to Rs 2,100 per sq.ft in 2023, which was a 49% rise from the previous figure. The current revision in 2024 has set the value at Rs 2,310 per sq.ft, reflecting a 10% increase from 2023.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,310 per sq.ft, which matches the current value for Thangaraj Nagar.

• Thangaraj Nagar Extension: Rs 2,310 per sq.ft (2024)
• Thangamani Nagar: Rs 3,960 per sq.ft (2024)
• Thai Moogambikai Nagar Road: Rs 3,960 per sq.ft (2024)
• Thai Moogambigai Nagar Extension: Rs 4,290 per sq.ft (2024)
• Thai Moogambigai Nagar: Rs 2,640 per sq.ft (2024)
• Thayumanavar Street: Rs 2,640 per sq.ft (2024)

Stamp duty and registration fee for property in Thangaraj Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,310 per sq.ft, the total guideline value would be Rs 23,10,000. The stamp duty at 7% would amount to Rs 1,61,700, and the registration fee at 2% would be Rs 46,200, bringing the total to Rs 2,07,900. 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 precise calculations.

Which Sub Registrar Office covers Thangaraj Nagar?

The Sub Registrar Office that covers Thangaraj Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value of Thangaraj Nagar?

The current guideline value of Thangaraj Nagar is Rs 2,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: Rs 250 in 2007, Rs 2,100 in 2012, Rs 1,407 in 2017, Rs 2,100 in 2023, and currently Rs 2,310 in 2024.

What is the land classification of Thangaraj Nagar?

Thangaraj Nagar falls under the Residential Class II Type - I land classification.

Which office handles registrations for Thangaraj Nagar?

The Padappai Sub Registrar Office is responsible for handling registrations for Thangaraj Nagar.

How is the stamp duty calculated for properties in Thangaraj Nagar?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 1,61,700.