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Guideline Value

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Guideline Value for Chitlapakkam IIIrd Main Road ( Thirumurugan Salai )

₹3850/sq.ft.

The guideline value for Chitlapakkam Iiird Main Road ( Thirumurugan Salai ) in Chitlapakkam village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Chitlapakkam

Village

Tambaram Joint 1

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Chitlapakkam Iiird Main Road ( Thirumurugan Salai )

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Chitlapakkam IIIrd Main Road ( Thirumurugan Salai ) guideline value

The current guideline value of Chitlapakkam IIIrd Main Road ( Thirumurugan Salai ) is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Chitlapakkam IIIrd Main Road ( Thirumurugan Salai ) has changed

Over the years, the guideline value of Chitlapakkam IIIrd Main Road has experienced several revisions. The 2012 revision set the value at Rs 3,500 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 2,345 per sq.ft. The 2023 revision increased the value to Rs 3,500 per sq.ft, and the latest 2024 revision further raised it to Rs 3,850 per sq.ft, marking a 10% increase from the previous year.

In summary, the guideline value has seen a significant increase of 49% from 2017 to 2023, and an overall increase of 10% from 2012 to 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chitlapakkam

Chitlapakkam village has a total of 548 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, placing Chitlapakkam IIIrd Main Road ( Thirumurugan Salai ) above that median.

Stamp duty and registration fee for property in Chitlapakkam IIIrd Main Road ( Thirumurugan Salai )

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, while the registration fee at 2% would be Rs 77,000, bringing the total fees together to Rs 3,46,500. Duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Chitlapakkam IIIrd Main Road ( Thirumurugan Salai )?

The Sub Registrar Office that covers Chitlapakkam IIIrd Main Road ( Thirumurugan Salai ) is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, 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 Chitlapakkam

The guideline value is crucial when buying or selling property in Chitlapakkam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory during the property transaction process.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the property's worth as per government standards. Buyers and sellers must be aware of this value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Chitlapakkam IIIrd Main Road?

The current guideline value of Chitlapakkam IIIrd Main Road ( Thirumurugan Salai ) is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,345 per sq.ft in 2017 to Rs 3,850 per sq.ft in 2024, with various revisions in between. The most recent change was a 10% increase from 2023 to 2024.

What is the land classification for Chitlapakkam IIIrd Main Road?

The land classification for Chitlapakkam IIIrd Main Road ( Thirumurugan Salai ) is Residential Special Type - II.

Where can I find the Sub Registrar Office for property registration?

The Sub Registrar Office for Chitlapakkam IIIrd Main Road is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total fee of Rs 3,46,500.