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Guideline Value

Corporate

Guideline Value for Sarvamangala Nagar 4th Street

₹2750/sq.ft.

The guideline value for Sarvamangala Nagar 4th Street in Chitlapakkam village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Chitlapakkam

Village

Tambaram Joint 1

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /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 Sarvamangala Nagar 4th Street

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Sarvamangala Nagar 4th Street guideline value

The current guideline value of Sarvamangala Nagar 4th Street is Rs 2,750 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 Class I Type - II.

How the guideline value of Sarvamangala Nagar 4th Street has changed

Over the years, the guideline value of Sarvamangala Nagar 4th Street has seen several revisions. The most recent revision in 2024 set the guideline value at Rs 2,750 per sq.ft, an increase of 10% from the 2023 revision which was Rs 2,500 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 1,675 per sq.ft, marking a significant increase of 49% from the previous 2023 figure. The 2012 revision also listed the value at Rs 2,500 per sq.ft, indicating a decrease of 33% from 2017. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The current rate of Rs 2,750 per sq.ft is above the median guideline value of Rs 1,650 per sq.ft for the 548 streets in Chitlapakkam under the Tambaram Joint 1 SRO, which range from Rs 1,100 to Rs 8,800 per sq.ft.

Guideline values in Chitlapakkam

In Chitlapakkam, the guideline values vary significantly, with a total of 548 streets listed under the Tambaram Joint 1 SRO. The current guideline value for Sarvamangala Nagar 4th Street is above the median value of Rs 1,650 per sq.ft. Below are the guideline values for other streets in Chitlapakkam:

Stamp duty and registration fee for property in Sarvamangala Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost for these fees to Rs 2,47,500. 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 Sarvamangala Nagar 4th Street?

The Sub Registrar Office that covers Sarvamangala Nagar 4th Street 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 details.

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

The guideline value plays a crucial role in the registration process of property transactions in Chitlapakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded accurately and legally.

It is important for buyers and sellers to be aware of the current guideline value, as it directly affects the financial obligations during the registration process. Proper understanding of these values can help in planning the budget for property transactions.

Frequently asked questions

What is the current guideline value of Sarvamangala Nagar 4th Street?

The current guideline value of Sarvamangala Nagar 4th Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024, marking a 10% increase. It was Rs 1,675 per sq.ft in 2017 and Rs 2,500 per sq.ft in 2012.

What is the land classification for Sarvamangala Nagar 4th Street?

Sarvamangala Nagar 4th Street is classified as Residential Class I Type - II. This classification is important for determining the permissible uses of the land.

Which office handles registrations for Sarvamangala Nagar 4th Street?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Sarvamangala Nagar 4th Street. It is located at No.26, MES Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Chitlapakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 27,50,000, the stamp duty at 7% would be Rs 1,92,500.