Guideline Value for Thanjai Nagar Extention

Thanjai Nagar Extention guideline value

The current guideline value of Thanjai Nagar Extention is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Vilangadupakkam village under the Redhills SRO, and is classified as Residential Class III Type - I.

How the guideline value of Thanjai Nagar Extention has changed

Since the 2012 revision, the guideline value for Thanjai Nagar Extention has seen several changes. The 2012 revision set the value at Rs 400 per sq.ft, which was followed by a decrease to Rs 268 per sq.ft in 2017. However, the value rose significantly to Rs 400 per sq.ft in 2023, and further increased to the current rate of Rs 440 per sq.ft in 2024.

From 2017 to 2023, there was a notable increase of 49%, and the 2023 to 2024 revision saw a 10% rise. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 365 to Rs 1,792 per sq.ft. The median value is Rs 440 per sq.ft, which aligns with the guideline value of Thanjai Nagar Extention.

• Thanjai Sengunthar Nagar: Rs 440 per sq.ft (2024)
• Teachers Garden Extn.: Rs 440 per sq.ft (2024)
• Teachers Garden: Rs 440 per sq.ft (2024)
• Thirumagal Nagar: Rs 480 per sq.ft (2024)
• Thirumathi. Sonia Avenue: Rs 440 per sq.ft (2024)
• Thirumathi Sonia New Extention: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Thanjai Nagar Extention

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.

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

Which Sub Registrar Office covers Thanjai Nagar Extention?

The Sub Registrar Office that covers Thanjai Nagar Extention 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 more details.

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

The guideline value plays a crucial role in property transactions in Vilangadupakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value.

During the registration process, if the sale price exceeds the guideline value, the higher amount will be used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thanjai Nagar Extention?

The current guideline value of Thanjai Nagar Extention 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 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the registration office for Thanjai Nagar Extention?

The registration office for Thanjai Nagar Extention is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in Thanjai Nagar Extention?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 4,40,000 would incur a stamp duty of Rs 30,800.

What is the land classification of Thanjai Nagar Extention?

Thanjai Nagar Extention is classified as Residential Class III Type - I, which indicates its suitability for residential development.