The synthesis of nanoparticles of titanium dioxide (TiO₂) with varying percentages of anatase and rutile phases is reported. This was achieved by controlling the operating pressure in a transferred-arc, direct current thermal plasma reactor in which titanium vapors are evaporated, and then exposed to ambient oxygen. The average particle size remained around 15 nm in each case. The crystalline structure of the as-synthesized nanoparticles of TiO₂ was studied with X-ray diffraction analysis.; whereas the particle morphology was investigated with the help of transmission electron microscopy. The precursor species responsible for the growth of these nanoparticles was studied with the help of optical emission spectroscopy. As inferred from the X-ray diffraction analysis, the relative abundance of anatase TiO₂ was found to be dominant when synthesized at 760 Torr, and the same showed a decreasing trend with decreasing chamber pressure. The study also reveals that anatase TiO₂ is a more effective photocatalytic agent in degrading methylene blue by comparison to its rutile phase.