Guideline Value for Thiyagaraja Nagar

Thiyagaraja Nagar guideline value

The current guideline value of Thiyagaraja Nagar is Rs 800 per sq.ft. This area is located in Vengadamangalam village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Thiyagaraja Nagar has changed

The guideline value for Thiyagaraja Nagar has seen several revisions over the years. In the 2007 revision, the value was set at Rs 228 per sq.ft. This increased significantly to Rs 800 per sq.ft in the 2012 revision, marking a rise of 251%. However, in the 2017 revision, the value decreased to Rs 536 per sq.ft, a drop of 33%. The most recent revision in 2023 brought the guideline value back up to Rs 800 per sq.ft, reflecting an increase of 49% from the previous revision.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 251%. It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Vengadamangalam

Currently, there are no specific village figures available for Vengadamangalam. Thiyagaraja Nagar is the only street mentioned in the context of guideline values in this area.

Stamp duty and registration fee for property in Thiyagaraja Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty, charged at 7%, would amount to Rs 56,000, while the registration fee at 2% would be Rs 16,000. Together, these fees total Rs 72,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thiyagaraja Nagar?

The Sub Registrar Office that covers Thiyagaraja Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Vengadamangalam. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is properly recorded and that the appropriate fees are collected by the government.

Frequently asked questions

What is the current guideline value of Thiyagaraja Nagar?

The current guideline value of Thiyagaraja Nagar is Rs 800 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 228 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017, and returned to Rs 800 per sq.ft in 2023.

What is the land classification of Thiyagaraja Nagar?

Thiyagaraja Nagar is classified as Residential Special Type - II.

What are the stamp duty and registration fees for a property in Thiyagaraja Nagar?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000.

Which Sub Registrar Office covers Thiyagaraja Nagar?

The Gooduvancheri Sub Registrar Office covers Thiyagaraja Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.