Guideline Value for T.B.SALAI WARD-4

T.B.Salai Ward-4 guideline value

The current guideline value for T.B.Salai Ward-4 is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is located in Chengalpattu Natham village and falls under the Chengleput Joint II SRO, classified as Residential Special Type - II.

How the guideline value of T.B.Salai Ward-4 has changed

The guideline value for T.B.Salai Ward-4 has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,500 per sq.ft, and the most recent 2024 revision has raised it to Rs 2,750 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, the value increased significantly by 49% from 2017 to 2023. The overall change from 2012 to 2024 shows a modest increase of 10%.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, making T.B.Salai Ward-4's current value above this median.

• Syed Yaguf Street: Rs 2,200 per sq.ft (2024)
• Sunnambukarath Street: Rs 2,200 per sq.ft (2024)
• Sundaravinayagar Kovil Street: Rs 2,200 per sq.ft (2024)
• Sundaramurthy Vinayagar Kovil Street: Rs 2,200 per sq.ft (2024)
• Thattan Malai Street: Rs 1,650 per sq.ft (2024)
• Sulai Athimulam Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in T.B.Salai Ward-4

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, these fees would total Rs 2,47,500. 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 T.B.Salai Ward-4?

The Sub Registrar Office that covers T.B.Salai Ward-4 is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Chengalpattu Natham

The guideline value plays a crucial role in the registration process of property transactions in Chengalpattu Natham. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded accurately. This helps in maintaining transparency in property dealings and ensures compliance with legal requirements.

Frequently asked questions

What is the current guideline value of T.B.Salai Ward-4?

The current guideline value of T.B.Salai Ward-4 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 are the other streets in Chengalpattu Natham?

Other streets in Chengalpattu Natham include Syed Yaguf Street, Sunnambukarath Street, Sundaravinayagar Kovil Street, Sundaramurthy Vinayagar Kovil Street, Thattan Malai Street, and Sulai Athimulam Street, with varying guideline values.

What is the registration fee for property in T.B.Salai Ward-4?

The registration fee for property in T.B.Salai Ward-4 is 2% of the guideline value or sale price, whichever is higher.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.