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Guideline Value

Corporate

Guideline Value for Sathiya Sai Nagar Main Road 2

₹2530/sq.ft.

The guideline value for Sathiya Sai Nagar Main Road 2 in Irumpuliyur village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 2530 per sq.ft, effective 1 July 2024. It was Rs 2300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Irumpuliyur

Village

Tambaram Joint 1

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2530 /sq.ft.
From 1-4-2023 ₹2300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1541 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2300 /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 Sathiya Sai Nagar Main Road 2

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Sathiya Sai Nagar Main Road 2 guideline value

The current guideline value of Sathiya Sai Nagar Main Road 2 is Rs 2,530 per sq.ft, effective from 1 July 2024. This property is located in Irumpuliyur village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Sathiya Sai Nagar Main Road 2 has changed

The guideline value for Sathiya Sai Nagar Main Road 2 has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 2,300 per sq.ft. This figure remained unchanged in the next revision in 2017, where it dropped to Rs 1,541 per sq.ft. In 2023, the value increased to Rs 2,300 per sq.ft, followed by a rise to Rs 2,530 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Sathiya Sai Nagar Main Road 2's 2024 figure above this median.

Stamp duty and registration fee for property in Sathiya Sai Nagar Main Road 2

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total to Rs 2,27,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sathiya Sai Nagar Main Road 2?

The Sathiya Sai Nagar Main Road 2 is covered by 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 Irumpuliyur

The guideline value plays a crucial role in the registration process of property transactions in Irumpuliyur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which ensures that the registration process is fair and transparent.

Frequently asked questions

What is the current guideline value of Sathiya Sai Nagar Main Road 2?

The current guideline value of Sathiya Sai Nagar Main Road 2 is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent increase of 10% from Rs 2,300 per sq.ft in 2023 to Rs 2,530 per sq.ft in 2024. Overall, from 2012 to 2024, the value has increased by 10%.

What is the land classification for Sathiya Sai Nagar Main Road 2?

The land classification for Sathiya Sai Nagar Main Road 2 is Residential Special Type - I, indicating its suitability for residential development.

What is the registration office for Sathiya Sai Nagar Main Road 2?

The registration office for Sathiya Sai Nagar Main Road 2 is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for properties in Sathiya Sai Nagar Main Road 2?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 25,30,000, leading to a stamp duty of Rs 1,77,100.