Guideline Value

Corporate

Guideline Value for SarvamangalaNagar8thCrossStreet

₹2750/sq.ft.

The guideline value for Sarvamangalanagar8thcrossstreet 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 Sarvamangalanagar8thcrossstreet

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SarvamangalaNagar8thCrossStreet guideline value

The current guideline value of SarvamangalaNagar8thCrossStreet 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 SarvamangalaNagar8thCrossStreet has changed

Over the years, the guideline value for SarvamangalaNagar8thCrossStreet has seen several revisions. The earliest available figure is from 2012, where the guideline value was Rs 2,500 per sq.ft. This value remained unchanged until the 2017 revision, which saw a decrease to Rs 1,675 per sq.ft, marking a -33% change. The value then increased significantly to Rs 2,500 per sq.ft in the 2023 revision, and further rose by 10% to the current Rs 2,750 per sq.ft in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. Overall, comparing the 2012 figure to the 2024 figure, there has been a 10% increase. The register does not provide figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing SarvamangalaNagar8thCrossStreet above this median at Rs 2,750 per sq.ft.

Stamp duty and registration fee for property in SarvamangalaNagar8thCrossStreet

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. Together, the total cost for these fees would be Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers SarvamangalaNagar8thCrossStreet?

The SarvamangalaNagar8thCrossStreet 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 stamp duty and registration fees. The guideline value is the minimum value set by the government for property transactions, ensuring that the property is registered at a fair value.

During the registration process, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of SarvamangalaNagar8thCrossStreet?

The current guideline value of SarvamangalaNagar8thCrossStreet 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 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 of SarvamangalaNagar8thCrossStreet?

SarvamangalaNagar8thCrossStreet is classified as Residential Class I Type - II.

What are the stamp duty and registration fees for a property in this area?

For a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 27,50,000, with stamp duty at 7% amounting to Rs 1,92,500 and a registration fee at 2% totaling Rs 55,000.

Which office registers properties in SarvamangalaNagar8thCrossStreet?

The Tambaram Joint 1 Sub Registrar Office covers SarvamangalaNagar8thCrossStreet, located at No.26, Mes Road, East Tambaram, Chennai-600059.