Guideline Value for Thilakar Nagar

Thilakar Nagar guideline value

The current guideline value of Thilakar Nagar, located in Kandular village under the Chengleput Joint II SRO, is Rs 600 per sq.ft. This guideline value is effective from 1 July 2024 and is classified as Residential Special Type - I.

How the guideline value of Thilakar Nagar has changed

The guideline value for Thilakar Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 600 per sq.ft. However, from the 2012 revision to the 2017 revision, there was a decrease of 33% to Rs 402 per sq.ft. Following this, the value increased by 49% to Rs 600 per sq.ft in 2023, and it has remained the same in the 2024 revision.

Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 600 per sq.ft.

Guideline values in Kandular

Kandular village has 20 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 600 to Rs 650 per sq.ft. The median value for these streets is Rs 600 per sq.ft, placing Thilakar Nagar at the same level as the median.

• Sundar Nagar: Rs 600 per sq.ft (2024)
• Vanavil Avenue Phase - III: Rs 600 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 600 per sq.ft (2024)
• Sree Mahalakshmi Nagar Phase - VII: Rs 600 per sq.ft (2024)
• Sree Mahalakshmi Nagar Phase - VI: Rs 600 per sq.ft (2024)
• Sree Mahalakshmi Nagar Phase - V: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Thilakar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thilakar Nagar?

Thilakar Nagar falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Kandular

The guideline value is essential during the registration of property transactions in Kandular. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the fees are based on the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Thilakar Nagar?

The current guideline value of Thilakar Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since 2012, with a decrease to Rs 402 per sq.ft in 2017, followed by an increase back to Rs 600 per sq.ft in 2023 and 2024.

What is the land classification for Thilakar Nagar?

Thilakar Nagar is classified as Residential Special Type - I, which is important for understanding the zoning regulations applicable to the area.

What are the stamp duty rates for property in Thilakar Nagar?

The stamp duty for property transactions in Thilakar Nagar is charged at 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office covering Thilakar Nagar is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chengleput Joint II SRO.