Guideline Value for Thanigai Nagar

Thanigai Nagar guideline value

The current guideline value of Thanigai Nagar, located in Sekkadu village under the Avadi Sub Registrar Office (SRO), is Rs 1,075 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - II land classification.

How the guideline value of Thanigai Nagar has changed

The guideline value for Thanigai Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2023, and further rose to Rs 1,075 per sq.ft in the 2024 revision, marking an 8% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, comparing the 2012 revision to the current 2024 figure, there has been an 8% increase. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sekkadu

In Sekkadu village, there are 56 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 930 to Rs 4,800 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, placing Thanigai Nagar's current value below this median.

• Theru Veethi Amman Koil Street: Rs 1,320 per sq.ft (2024)
• Thiru Kumaran Nagar: Rs 2,680 per sq.ft (2024)
• Thiru Kumaran Nagar Extension: Rs 2,680 per sq.ft (2024)
• Thirukural Street: Rs 1,075 per sq.ft (2024)
• Sri Sai Baba Nagar: Rs 1,075 per sq.ft (2024)
• Sri Padmavathy Garden - I: Rs 1,510 per sq.ft (2024)

Stamp duty and registration fee for property in Thanigai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,075 per sq.ft, the total guideline value amounts to Rs 10,75,000. The stamp duty at 7% would be Rs 75,250, and the registration fee at 2% would be Rs 21,500, bringing the total fees to Rs 96,750. 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?

Thanigai Nagar is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Sekkadu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, making it essential for buyers and sellers to be aware of the current guideline value in their area.

Frequently asked questions

What is the current guideline value of Thanigai Nagar?

The current guideline value of Thanigai Nagar is Rs 1,075 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,075 per sq.ft in 2024.

What is the land classification of Thanigai Nagar?

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

Where can I find the registration office for Thanigai Nagar?

The registration office for Thanigai Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Thanigai Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 10,75,000, the stamp duty would be Rs 75,250 at 7%.