Guideline Value for Thanigai Nagar Annex

Thanigai Nagar Annex guideline value

The current guideline value of Thanigai Nagar Annex is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Pullilyon village and falls under the Redhills SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Thanigai Nagar Annex has changed

The guideline value for Thanigai Nagar Annex has seen several revisions over the years. The earliest recorded figure is from the 2007 revision, which was Rs 200 per sq.ft. This increased to Rs 400 per sq.ft in 2012, marking a 100% rise. However, in the 2017 revision, the value decreased to Rs 268 per sq.ft, a drop of 33%. The value then rose significantly to Rs 400 per sq.ft in 2023, and further increased by 10% to reach the current guideline value of Rs 440 per sq.ft in 2024.

From 2017 to 2023, the increase was 49%, and the overall change from 2007 to 2024 is a substantial 120%. There are no figures for the revisions in 2002 and 2003 for this street.

Guideline values in Pullilyon

In Pullilyon village, there are 77 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value for Thanigai Nagar Annex is below this median.

• Thanigai Nagar Annex-II: Rs 440 per sq.ft (2024)
• Thanigai Nagar: Rs 440 per sq.ft (2024)
• Teachers Modern Town: Rs 770 per sq.ft (2024)
• Suyambulingam Nagar: Rs 770 per sq.ft (2024)
• Thirumaleswara Nagar: Rs 2,200 per sq.ft (2024)
• Sundara Vinayagar Nagar (S.V. Nagar): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Thanigai Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total fees to Rs 39,600. 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 Thanigai Nagar Annex?

The Sub Registrar Office that covers Thanigai Nagar Annex is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further assistance.

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

The guideline value plays a critical role in the registration process when buying or selling property in Pullilyon. It is used to determine the stamp duty and registration fees that must be paid to the government during the transfer of property ownership.

When a property is sold, the buyer and seller must ensure that the transaction is registered at the appropriate Sub Registrar Office, where the guideline value will be used to calculate the applicable fees. This ensures compliance with local regulations and helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Thanigai Nagar Annex?

The current guideline value of Thanigai Nagar Annex is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, reflecting an overall increase of 120% over the years.

What are the stamp duty and registration fees for property in Thanigai Nagar Annex?

For a 1,000 sq.ft plot, the total guideline value is Rs 4,40,000, with a stamp duty of Rs 30,800 and a registration fee of Rs 8,800, totaling Rs 39,600.

Which Sub Registrar Office covers this area?

The Redhills Sub Registrar Office covers Thanigai Nagar Annex, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification for Thanigai Nagar Annex?

The land classification for Thanigai Nagar Annex is Residential Class III Type - I.