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Guideline Value

Corporate

Guideline Value for SASTRI 3 RD CROSS STREET

₹4400/sq.ft.

The guideline value for Sastri 3 Rd Cross Street in Mambalam village (Thiyagaraya Nagar SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mambalam

Village

Thiyagaraya Nagar

SRO

Residential Class III Type - III
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2026 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹545 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹491 /sq.ft.
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 Sastri 3 Rd Cross Street

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Sastri 3 Rd Cross Street guideline value

The current guideline value of Sastri 3 Rd Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Mambalam village, under the Thiyagaraya nagar SRO, and is classified as Residential Class III Type - III.

How the guideline value of Sastri 3 Rd Cross Street has changed

The guideline value for Sastri 3 Rd Cross Street has undergone several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 491 per sq.ft. This increased to Rs 545 per sq.ft in 2003, marking a change of +11%. Following this, the value saw a significant rise to Rs 2,026 per sq.ft in 2007, which was an increase of +272%. In 2012, the value changed to Rs 4,000 per sq.ft, reflecting a +97% increase from the previous revision. However, from 2012 to 2017, the guideline value decreased to Rs 2,680 per sq.ft, a drop of -33%. The value then rose to Rs 4,000 per sq.ft in 2023, and finally, in 2024, it reached Rs 4,400 per sq.ft, marking a +10% increase.

Overall, from 2002 to 2024, the guideline value has increased by +796%. There are no figures available for the revisions in years not listed for this street.

Guideline values in Mambalam

Mambalam village has a total of 163 streets under the Thiyagaraya nagar SRO, with 2024 guideline values ranging from Rs 4,400 to Rs 22,000 per sq.ft. The median guideline value in this area is Rs 6,600 per sq.ft, placing Sastri 3 Rd Cross Street's 2024 figure below that median.

Stamp duty and registration fee for property in Sastri 3 Rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000. Together, the total cost for duty and registration would be Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sastri 3 Rd Cross Street?

The Sub Registrar Office that covers Sastri 3 Rd Cross 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 Mambalam

The guideline value is an important factor when registering property in Mambalam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is bought or sold, the guideline value is used to calculate the total costs involved in the registration process. This ensures that both parties are aware of their financial obligations based on the established guideline value.

Frequently asked questions

What is the current guideline value of Sastri 3 Rd Cross Street?

The current guideline value of Sastri 3 Rd Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 491 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of +796% over this period.

What are the guideline values of other streets in Mambalam?

Other streets in Mambalam have varying guideline values, with figures ranging from Rs 4,400 to Rs 22,000 per sq.ft. The median value in the area is Rs 6,600 per sq.ft.

What fees are associated with buying property in Sastri 3 Rd Cross Street?

When buying property, the stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft plot at the current rate would incur a total of Rs 3,96,000 in fees.

Where is the Sub Registrar Office for Sastri 3 Rd Cross Street located?

The Thiyagaraya nagar Sub Registrar Office is located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. This office handles registrations for Sastri 3 Rd Cross Street.