Guideline Value for Naduveerapattu - Tambaram Road

Naduveerapattu - Tambaram Road guideline value

The current guideline value for Naduveerapattu - Tambaram Road is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Varadarajapuram village, under the Padappai SRO, and is classified as Residential Special Type - II.

How the guideline value of Naduveerapattu - Tambaram Road has changed

Over the years, the guideline value for Naduveerapattu - Tambaram Road has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which then changed to Rs 1,005 per sq.ft in the 2017 revision, reflecting a decrease of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 1,500 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 1,650 per sq.ft, marking a 10% rise from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 4,100 per sq.ft, with the median value being Rs 1,650 per sq.ft. The guideline value for Naduveerapattu - Tambaram Road aligns with this median figure.

• Mv Generation Mgr Nagar: Rs 3,370 per sq.ft (2024)
• Muthu Murugan Nagar: Rs 990 per sq.ft (2024)
• Nannilam Nagar: Rs 990 per sq.ft (2024)
• Nano Villa: Rs 1,650 per sq.ft (2024)
• Mullai Nagarr: Rs 990 per sq.ft (2024)
• Mullai Nagar: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Naduveerapattu - Tambaram Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost for these fees to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Naduveerapattu - Tambaram Road?

The Sub Registrar Office that covers Naduveerapattu - Tambaram Road is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Varadarajapuram. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated fairly based on the property's assessed value.

When a transaction occurs, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Naduveerapattu - Tambaram Road?

The current guideline value for Naduveerapattu - Tambaram Road is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Naduveerapattu - Tambaram Road?

The land classification for Naduveerapattu - Tambaram Road is Residential Special Type - II.

Where is the Padappai Sub Registrar Office located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a property with a guideline value of Rs 16,50,000, the total fees would include a stamp duty of Rs 1,15,500 and a registration fee of Rs 33,000.