Guideline Value

Corporate

Guideline Value for DR. SAMBASIVARM STREET

₹14300/sq.ft.

The guideline value for Dr. Sambasivarm Street in Tnagar village (Thiyagaraya Nagar SRO, Chennai zone) is Rs 14300 per sq.ft, effective 1 July 2024. It was Rs 13000 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Tnagar

Village

Thiyagaraya Nagar

SRO

Mixed Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹14300 /sq.ft.
From 1-4-2023 ₹13000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹8710 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹13000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
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)

27/14,vetnari Hospital Road Panpet Nandhanam Chennai-35
044-24340958
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Dr. Sambasivarm Street

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Dr. Sambasivarm Street guideline value

The current guideline value of Dr. Sambasivarm Street is Rs 14,300 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village, under the Thiyagaraya nagar SRO, and is classified as Mixed Special Type - I.

How the guideline value of Dr. Sambasivarm Street has changed

The guideline value for Dr. Sambasivarm Street has undergone several revisions over the years. The earliest recorded figure is from 2007, when the value was Rs 1,500 per sq.ft. This figure saw a significant increase to Rs 13,000 per sq.ft in 2012, marking a rise of 767%. However, the value then decreased to Rs 8,710 per sq.ft in 2017, a drop of 33%. The next revision in 2023 brought the value back up to Rs 13,000 per sq.ft, and the latest revision in 2024 has set the value at Rs 14,300 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 853%. Notably, there are no recorded figures for the years 2002 and 2003 for Dr. Sambasivarm Street in the register.

Guideline values in Tnagar

In Tnagar village, there are 262 streets under the Thiyagaraya nagar SRO, with guideline values ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median value for these streets is Rs 11,000 per sq.ft, placing Dr. Sambasivarm Street above this median with its current guideline value of Rs 14,300 per sq.ft.

Stamp duty and registration fee for property in Dr. Sambasivarm Street

For a 1,000 sq.ft plot at the current guideline value of Rs 14,300 per sq.ft, the total guideline value would be Rs 1,43,00,000. The stamp duty at 7% would amount to Rs 10,01,000, and the registration fee at 2% would be Rs 2,86,000, bringing the total cost for these fees to Rs 12,87,000. It is important to note that the 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 details.

Which Sub Registrar Office covers Dr. Sambasivarm Street?

The Sub Registrar Office that covers Dr. Sambasivarm Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Tnagar. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must adhere to the guideline value set by the registration department to ensure compliance with legal requirements.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the government receives appropriate revenue based on the property's value, as determined by the guideline value register.

Frequently asked questions

What is the current guideline value of Dr. Sambasivarm Street?

The current guideline value of Dr. Sambasivarm Street is Rs 14,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,500 per sq.ft in 2007 to Rs 14,300 per sq.ft in 2024, reflecting an overall increase of 853% over the years.

What are the other streets in Tnagar and their guideline values?

Other streets in Tnagar include Dr. Sadasivam Street at Rs 13,200 per sq.ft, Dr. Singaravelu Street at Rs 6,600 per sq.ft, and Dr. Nair Road at Rs 22,000 per sq.ft, among others.

What is the registration fee for property in Dr. Sambasivarm Street?

The registration fee is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 1,43,00,000, the registration fee would be Rs 2,86,000 at 2%.

Where can I find the Sub Registrar Office for Dr. Sambasivarm Street?

The Sub Registrar Office for Dr. Sambasivarm Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.