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Guideline Value

Corporate

Guideline Value for Sri Sai Nagar Extension Vishwak Garden

₹3800/sq.ft.

The guideline value for Sri Sai Nagar Extension Vishwak Garden in Tambaram village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 3800 per sq.ft, effective 1 July 2024. It was Rs 3450 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iv. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Tambaram

Village

Tambaram Joint 1

SRO

Residential Special Type - IV
History
Period Guideline Value
From 1-7-2024 ₹3800 /sq.ft.
From 1-4-2023 ₹3450 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2300 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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 Sri Sai Nagar Extension Vishwak Garden

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Sri Sai Nagar Extension Vishwak Garden guideline value

The current guideline value of Sri Sai Nagar Extension Vishwak Garden is Rs 3,800 per sq.ft, effective from 1 July 2024. This area is located in Tambaram village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - IV.

How the guideline value of Sri Sai Nagar Extension Vishwak Garden has changed

The guideline value for Sri Sai Nagar Extension Vishwak Garden has seen significant changes over the years. The 2017 revision set the value at Rs 2,300 per sq.ft. This increased to Rs 3,450 per sq.ft in the 2023 revision, marking a 50% increase. The most recent 2024 revision has raised the guideline value to Rs 3,800 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 65%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. This lack of data means that the changes in guideline values prior to 2017 cannot be assessed.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO, with 2024 guideline values ranging from Rs 880 to Rs 8,250 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing the guideline value of Sri Sai Nagar Extension Vishwak Garden above this median.

Stamp duty and registration fee for property in Sri Sai Nagar Extension Vishwak Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total to Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Sai Nagar Extension Vishwak Garden?

The Sri Sai Nagar Extension Vishwak Garden 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 information.

How the guideline value is used when you buy or sell in Tambaram

The guideline value is an essential figure used during the registration of property transactions in Tambaram. It serves as a benchmark for determining the stamp duty and registration fees that are payable when a property is bought or sold.

When registering a property, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Sai Nagar Extension Vishwak Garden?

The current guideline value of Sri Sai Nagar Extension Vishwak Garden is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2017 to Rs 3,450 per sq.ft in 2023, and now to Rs 3,800 per sq.ft in 2024. This reflects a total increase of 65% from 2017 to 2024.

What is the land classification for this area?

The land classification for Sri Sai Nagar Extension Vishwak Garden is Residential Special Type - IV.

What is the registration office for this area?

The registration office covering Sri Sai Nagar Extension Vishwak Garden 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 this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property with a guideline value of Rs 38,00,000, the stamp duty at 7% would be Rs 2,66,000.