This paper reports the detailed parameter space study of the nonlinear dynamical behaviors and their control in a time-delay digital tanlock loop (TDTL). At first, we explore the nonlinear dynamics of the TDTL in parameter space and show that beyond a certain value of loop gain parameter the system manifests bifurcation and chaos. Next, we consider two variants of the delayed feedback control (DFC) technique, namely, the time-delayed feedback control (TDFC) technique, and its modified version, the extended time-delayed feedback control (ETDFC) technique. Stability analyses are carried out to find out the stable phase-locked zone of the system for both the controlled cases. We employ two-parameter bifurcation diagrams and the Lyapunov exponent spectrum to explore the dynamics of the system in the global parameter space. We establish that the control techniques can extend the stable phase-locked region of operation by controlling the occurrence of bifurcation and chaos. We also derive an estimate of the optimum parameter values for which the controlled system has the fastest convergence time even for a larger acquisition range. The present study provides a necessary detailed parameter space study that will enable one to design an improved TDTL system.