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Guideline Value

Corporate

Guideline Value for Sarvamangala Nagar 5th Street

₹2750/sq.ft.

The guideline value for Sarvamangala Nagar 5th 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 5th Street

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Sarvamangala Nagar 5th Street guideline value

The current guideline value of Sarvamangala Nagar 5th Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - II.

How the guideline value of Sarvamangala Nagar 5th Street has changed

The guideline value for Sarvamangala Nagar 5th Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was followed by a decrease to Rs 1,675 per sq.ft in the 2017 revision. However, the value rebounded to Rs 2,500 per sq.ft in 2023 and increased to Rs 2,750 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. Notably, there are no figures in the register for the years 2002, 2003, and 2007 for this street.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 8,800 per sq.ft, with a median value of Rs 1,650 per sq.ft. Sarvamangala Nagar 5th Street's 2024 guideline value is above this median.

Stamp duty and registration fee for property in Sarvamangala Nagar 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, leading to a total cost of 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.

You can also use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Sarvamangala Nagar 5th Street?

The Sub Registrar Office that covers Sarvamangala Nagar 5th 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 information.

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. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold, ensuring that the transaction is officially recorded.

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

Frequently asked questions

What is the current guideline value of Sarvamangala Nagar 5th Street?

The current guideline value of Sarvamangala Nagar 5th 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 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

Which office handles property registrations for Sarvamangala Nagar 5th Street?

The Tambaram Joint 1 Sub Registrar Office handles property registrations for Sarvamangala Nagar 5th Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the stamp duty rate for properties in Sarvamangala Nagar 5th Street?

The stamp duty rate for properties in Sarvamangala Nagar 5th Street is 7% of the guideline value or the sale price, whichever is higher.

Are there other streets with the same guideline value in Chitlapakkam?

Yes, several other streets in Chitlapakkam have the same guideline value of Rs 2,750 per sq.ft in 2024, including Sarvamangala Nagar 4th Street, 6th Street, 3rd Street, 7th Street, 2nd Street, and 8th Cross Street.