Guideline Value for Thanigaivel Nagar

Thanigaivel Nagar guideline value

The current guideline value of Thanigaivel Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This locality is situated in Puthur village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Thanigaivel Nagar has changed

Over the years, the guideline value for Thanigaivel Nagar has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 201 per sq.ft. The value then increased significantly to Rs 300 per sq.ft in the 2023 revision, followed by a further increase to Rs 330 per sq.ft in the 2024 revision, reflecting a 10% rise from the previous year. Notably, the register has no figure for this street in the years 2002, 2003, and 2007.

From the 2012 revision to the 2024 revision, the overall change is an increase of 10%. The most significant change occurred between the 2017 and 2023 revisions, which saw a 49% increase. The fluctuation in values indicates a dynamic adjustment in the guideline values over time.

Guideline values in Puthur

Puthur village has a total of 63 streets under the Tambaram Joint 1 SRO, with the 2024 guideline values ranging from Rs 330 to Rs 4,600 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing Thanigaivel Nagar's current value below this median.

• Thirumalai Nagar: Rs 1,100 per sq.ft (2024)
• Sunrise Avenue: Rs 3,300 per sq.ft (2024)
• Thirumalai nagar Annex: Rs 1,100 per sq.ft (2024)
• Subramaniapuram: Rs 550 per sq.ft (2024)
• United Colony: Rs 1,320 per sq.ft (2024)
• Sri Balaji Nagar: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Thanigaivel Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, resulting in a total of Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thanigaivel Nagar?

The Sub Registrar Office that covers Thanigaivel Nagar 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 more information.

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

The guideline value plays a crucial role in the registration of property transactions in Puthur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded accurately in the official records.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs involved in property transactions. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Thanigaivel Nagar?

The current guideline value of Thanigaivel Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then increased to Rs 300 in 2023, and finally to Rs 330 in 2024.

What is the median guideline value in Puthur?

The median guideline value in Puthur is Rs 1,100 per sq.ft, with Thanigaivel Nagar's value being below this median.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Thanigaivel Nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Thanigaivel Nagar?

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