Guideline Value for Sri Rajeswari Street
₹1100/sq.ft.
The guideline value for Sri Rajeswari Street in Chitlapakkam village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Chitlapakkam
Village
Tambaram Joint 1
SRO
Residential Class II Type - II
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹1100 /sq.ft. |
| From 1-4-2023 | ₹1000 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹670 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹1000 /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]
Records for a plot on Sri Rajeswari Street
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Tambaram Joint 1 sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Sri Rajeswari Street guideline value
The current guideline value of Sri Rajeswari Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village under the Tambaram Joint 1 SRO, classified as Residential Class II Type - II.
How the guideline value of Sri Rajeswari Street has changed
Over the years, the guideline value for Sri Rajeswari Street has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,000 per sq.ft in the 2023 revision and further rose to Rs 1,100 per sq.ft in the 2024 revision. The register has no figure for this street in the years 2002, 2003, and 2007.
From the 2012 revision to the 2024 revision, the overall change is an increase of 10%. The most significant change occurred between the 2017 and 2023 revisions, with a rise of 49%. The increase from 2023 to 2024 is recorded at 10%.
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 is Rs 1,650 per sq.ft, placing Sri Rajeswari Street's 2024 figure below this median.
- Sriram Colony: Rs 2,750 per sq.ft (2024)
- SriSarpujandar Street: Rs 1,650 per sq.ft (2024)
- Sri Jayendrar Street: Rs 1,100 per sq.ft (2024)
- State Bank Colony 2nd Street: Rs 2,750 per sq.ft (2024)
- State Bank Colony 3rd Street: Rs 4,430 per sq.ft (2024)
- State Bank Colony Ist Street: Rs 2,750 per sq.ft (2024)
Stamp duty and registration fee for property in Sri Rajeswari Street
For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.
For more details, you can use the stamp duty and registration fee calculator.
Which Sub Registrar Office covers Sri Rajeswari Street?
The Sub Registrar Office that covers Sri Rajeswari 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 is a crucial factor in property transactions in Chitlapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.
It is essential for buyers and sellers to be aware of the guideline value as it directly impacts the costs associated with property registration. Understanding this value helps in making informed decisions during the buying or selling process.
Frequently asked questions
What is the current guideline value of Sri Rajeswari Street?
The current guideline value of Sri Rajeswari Street is Rs 1,100 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.
What is the median guideline value in Chitlapakkam?
The median guideline value in Chitlapakkam is Rs 1,650 per sq.ft, which is higher than the current value of Sri Rajeswari Street.
What are the stamp duty and registration fees for properties in Sri Rajeswari Street?
For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.
Which office handles registrations for Sri Rajeswari Street?
The Tambaram Joint 1 Sub Registrar Office handles registrations for Sri Rajeswari Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.
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