Guideline Value for SAMBANDAM ROAD

Sambandam Road guideline value

The current guideline value of Sambandam Road is Rs 6,600 per sq.ft, effective from 1 July 2024. This road is located in Tnagar village, under the Thiyagaraya nagar SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sambandam Road has changed

Over the years, the guideline value for Sambandam Road has seen several revisions. Starting from the 2002 revision, the guideline value was Rs 2,255 per sq.ft. This increased to Rs 2,503 per sq.ft in 2003, marking a change of +11%. The value then rose by +20% to Rs 3,000 per sq.ft in 2007. In the 2012 revision, the guideline value was Rs 6,000 per sq.ft, reflecting a significant increase of +100% from the previous revision. However, in 2017, it decreased by -33% to Rs 4,020 per sq.ft. The 2023 revision saw a notable increase to Rs 6,000 per sq.ft, and finally, the current 2024 revision has set the guideline value at Rs 6,600 per sq.ft, which is a +10% increase from the previous year.

There are no figures available for the revisions of years not listed in the register for this street.

Guideline values in Tnagar

In Tnagar village, there are 262 streets under the Thiyagaraya nagar SRO, with the 2024 guideline values ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median guideline value for these streets is Rs 11,000 per sq.ft, placing Sambandam Road's 2024 figure below that median.

• Saradambal Street: Rs 11,000 per sq.ft (2024)
• Sarangapani Street: Rs 14,300 per sq.ft (2024)
• Sadullah Street: Rs 11,000 per sq.ft (2024)
• Sarathy Street: Rs 14,300 per sq.ft (2024)
• Saravana Street: Rs 13,200 per sq.ft (2024)
• Sarojini Street: Rs 17,600 per sq.ft (2024)

Stamp duty and registration fee for property in Sambandam Road

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, totaling Rs 5,94,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sambandam Road?

The Sub Registrar Office that covers Sambandam Road is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Tnagar. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during property transactions.

When buying or selling property, the guideline value is referenced to calculate the applicable charges. It is essential to be informed about the current guideline value to avoid any discrepancies in the registration process.

Frequently asked questions

What is the current guideline value of Sambandam Road?

The current guideline value of Sambandam Road is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,255 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of +193% over the years.

What is the median guideline value for streets in Tnagar?

The median guideline value for streets in Tnagar is Rs 11,000 per sq.ft, while Sambandam Road's 2024 figure is below this median.

What are the stamp duty and registration fees for a property on Sambandam Road?

For a 1,000 sq.ft property on Sambandam Road, the total stamp duty and registration fees amount to Rs 5,94,000, based on the current guideline value.

Which office handles the registration for Sambandam Road?

The Thiyagaraya nagar Sub Registrar Office handles the registration for Sambandam Road, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.