Guideline Value for Thangavel Nagar

Thangavel Nagar guideline value

The current guideline value of Thangavel Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024. This locality is situated in Chennerkuppam village, under the Kunrathur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Thangavel Nagar has changed

The guideline value for Thangavel Nagar has undergone several revisions over the years. In 2007, the value was Rs 450 per sq.ft, which increased significantly to Rs 1,300 per sq.ft in 2012, marking a rise of 189%. However, this value decreased to Rs 871 per sq.ft in 2017, reflecting a decline of 33%. The 2023 revision set the value at Rs 1,300 per sq.ft, before it increased to the current rate of Rs 1,430 per sq.ft in 2024, a rise of 10%.

Overall, from 2007 to 2024, the guideline value has increased by 218%. It is important to note that the register does not provide figures for the years 2002 and 2003 for this street.

Guideline values in Chennerkuppam

In Chennerkuppam, there are 74 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 6,895 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, placing Thangavel Nagar's 2024 figure below this median.

• Teak Haven: Rs 4,105 per sq.ft (2024)
• S.V. Nagar: Rs 2,090 per sq.ft (2024)
• Suresh Avenue: Rs 2,249 per sq.ft (2024)
• Subramaniya Swamy Koil Street: Rs 1,430 per sq.ft (2024)
• Thiruverkadu Co-operative Nagar PhaseIII&Part1,2: Rs 1,540 per sq.ft (2024)
• Thiruverkkadu Road: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Thangavel Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value amounts to Rs 14,30,000. The stamp duty, charged at 7%, would be Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, bringing the total costs together to Rs 1,28,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thangavel Nagar?

The Sub Registrar Office covering Thangavel Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chennerkuppam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared against the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is conducted fairly and transparently.

Frequently asked questions

What is the current guideline value of Thangavel Nagar?

The current guideline value of Thangavel Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 450 per sq.ft in 2007 to Rs 1,430 per sq.ft in 2024, marking an overall increase of 218% over the years.

What are the other streets with guideline values in Chennerkuppam?

Other streets in Chennerkuppam include Teak Haven at Rs 4,105 per sq.ft, S.V. Nagar at Rs 2,090 per sq.ft, and Suresh Avenue at Rs 2,249 per sq.ft, among others.

What is the stamp duty rate for properties in Thangavel Nagar?

The stamp duty rate for properties in Thangavel Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can visit the office for registration-related inquiries.