Guideline Value for Station Road

Station Road guideline value

The current guideline value of Station Road in Chitlapakkam village is Rs 3,850 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Special Type - II.

How the guideline value of Station Road has changed

Over the years, the guideline value of Station Road has undergone several revisions. The figures are as follows: in 2012, the value was Rs 3,500 per sq.ft, which decreased to Rs 2,345 per sq.ft in 2017. This was a significant drop of 33%. However, from 2017 to 2023, the value increased by 49%, reaching Rs 3,500 per sq.ft. The most recent revision in 2024 set the value at Rs 3,850 per sq.ft, marking a 10% increase from the previous year.

It is important to note that the register has no figures for this street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has seen a net increase of 10%.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value among these streets is Rs 1,650 per sq.ft, placing Station Road's 2024 figure above that median.

• Station Border Road: Rs 1,650 per sq.ft (2024)
• State Bank Colony Ist Street: Rs 2,750 per sq.ft (2024)
• State Bank Colony 3rd Street: Rs 4,430 per sq.ft (2024)
• State Bank Colony 2nd Street: Rs 2,750 per sq.ft (2024)
• Subash Street: Rs 1,650 per sq.ft (2024)
• Sudha Avenue: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Station Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Station Road?

The Sub Registrar Office that covers Station Road 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Chitlapakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the property is valued appropriately for tax purposes. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Station Road?

The current guideline value of Station Road is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then increased to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,850 per sq.ft in 2024.

What is the land classification of Station Road?

Station Road is classified as Residential Special Type - II under the Tambaram Joint 1 SRO.

Where can I find the Sub Registrar Office for Station Road?

The Sub Registrar Office for Station Road is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties on Station Road?

Stamp duty for properties on Station Road is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate has a total guideline value of Rs 38,50,000, resulting in a stamp duty of Rs 2,69,500.