Guideline Value for Thyagarajan Nagar

Thyagarajan Nagar guideline value

The current guideline value of Thyagarajan Nagar is Rs 900 per sq.ft. This area is located in Rathinamangalam village, under the jurisdiction of Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Thyagarajan Nagar has changed

The guideline value for Thyagarajan Nagar has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 900 per sq.ft. However, this figure remained unchanged until the 2017 revision, which saw a decrease to Rs 603 per sq.ft. This marked a decline of 33%. The most recent 2023 revision returned the guideline value to Rs 900 per sq.ft, reflecting an increase of 49% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained the same at Rs 900 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Rathinamangalam

Currently, there are no specific village figures available for Rathinamangalam. Thyagarajan Nagar is one of the areas listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Thyagarajan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, bringing the total cost for these fees to Rs 81,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Thyagarajan Nagar?

The Sub Registrar Office that covers Thyagarajan 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, visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Rathinamangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the buyer must pay the stamp duty based on the higher value between the guideline value and the actual sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thyagarajan Nagar?

The current guideline value of Thyagarajan Nagar is Rs 900 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, with a decrease to Rs 603 per sq.ft in 2017 from Rs 900 per sq.ft in 2012, followed by a return to Rs 900 per sq.ft in 2023.

What is the registration fee for property in Thyagarajan Nagar?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 9,00,000, the registration fee would be Rs 18,000.

Where is the Gooduvancheri Sub Registrar Office located?

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

How is stamp duty calculated in Thyagarajan Nagar?

Stamp duty is calculated at 7% of the higher value between the guideline value and the actual sale price. For a property valued at Rs 9,00,000, the stamp duty would amount to Rs 63,000.