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Guideline Value

Corporate

Guideline Value for Sarvamangala Nagar 6th Street

₹2750/sq.ft.

The guideline value for Sarvamangala Nagar 6th 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 6th Street

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Sarvamangala Nagar 6th Street guideline value

The current guideline value of Sarvamangala Nagar 6th 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, classified as Residential Class I Type - II.

How the guideline value of Sarvamangala Nagar 6th Street has changed

The guideline value for Sarvamangala Nagar 6th Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. This marked a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,500 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 2,750 per sq.ft, a 10% increase from the previous year.

There are no figures available for Sarvamangala Nagar 6th Street in the revisions for the years 2002, 2003, and 2007. Overall, comparing the 2012 and 2024 revisions, there has been a 10% increase in the guideline value.

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. The median guideline value is Rs 1,650 per sq.ft, placing Sarvamangala Nagar 6th Street's 2024 figure above this median.

Stamp duty and registration fee for property in Sarvamangala Nagar 6th 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 be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total cost for these fees 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 the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Sarvamangala Nagar 6th Street?

The Sarvamangala Nagar 6th Street falls under 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

When buying or selling property in Chitlapakkam, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is set by the government and is used to assess the value of the property for tax purposes during the registration process.

It is essential to understand that the guideline value may differ from the actual sale price of the property. The registration fees and stamp duty are calculated based on the higher of the guideline value or the sale price, ensuring that the state collects appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sarvamangala Nagar 6th Street?

The current guideline value of Sarvamangala Nagar 6th 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 increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the land classification for Sarvamangala Nagar 6th Street?

Sarvamangala Nagar 6th Street is classified as Residential Class I Type - II.

What are the other streets with the same guideline value in Chitlapakkam?

Other streets in Chitlapakkam with the same guideline value of Rs 2,750 per sq.ft include Sarvamangala Nagar 5th Street, 7th Street, 4th Street, 8th Cross Street, 3rd Street, and 8th Street.

Where can I find the Sub Registrar Office for Sarvamangala Nagar 6th Street?

The Sub Registrar Office covering Sarvamangala Nagar 6th Street is the Tambaram Joint 1 SRO, located at No.26, Mes Road, East Tambaram, Chennai-600059.