Guideline Value for T.P. Sanatorium Ist Main Road

T.P. Sanatorium Ist Main Road guideline value

The current guideline value for T.P. Sanatorium Ist Main Road is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Kadaperi village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of T.P. Sanatorium Ist Main Road has changed

The guideline value for T.P. Sanatorium Ist Main Road has seen several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in 2012, marking a 275% rise. However, the value dropped to Rs 1,005 per sq.ft in 2017, reflecting a decrease of 33%. The most recent revisions show that the value increased to Rs 1,500 per sq.ft in 2023 and then to Rs 1,650 per sq.ft in 2024, resulting in a 10% increase between these two years. Overall, from 2007 to 2024, the guideline value has increased by 313%.

It is important to note that the register has no figures for T.P. Sanatorium Ist Main Road for the years 2002 and 2003.

Guideline values in Kadaperi

In Kadaperi, there are 142 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, with values ranging from Rs 880 to Rs 7,700 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which is equal to the current value of T.P. Sanatorium Ist Main Road.

• Tnhb: Rs 1,100 per sq.ft (2024)
• Thomas West Street: Rs 1,650 per sq.ft (2024)
• Thomas Street: Rs 3,300 per sq.ft (2024)
• Thomas South Street: Rs 1,650 per sq.ft (2024)
• Thiru-vi-ka Ist Street: Rs 1,320 per sq.ft (2024)
• Thiru-vi-ka 3rd Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in T.P. Sanatorium Ist Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers T.P. Sanatorium Ist Main Road?

The Sub Registrar Office that covers T.P. Sanatorium Ist Main 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 Kadaperi

The guideline value is a crucial factor in property transactions in Kadaperi, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value ensures that the transaction is recorded at a fair and standardized rate, which is essential for tax purposes.

During the registration process, buyers and sellers must consider the guideline value to calculate applicable stamp duties and registration fees. This helps in ensuring compliance with local regulations and avoids any potential legal issues related to property transactions.

Frequently asked questions

What is the current guideline value for T.P. Sanatorium Ist Main Road?

The current guideline value for T.P. Sanatorium Ist Main Road is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 400 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, marking an overall increase of 313% over the years.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,48,500.

Which Sub Registrar Office covers T.P. Sanatorium Ist Main Road?

The Tambaram Joint 1 Sub Registrar Office covers T.P. Sanatorium Ist Main Road, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification for T.P. Sanatorium Ist Main Road?

The land classification for T.P. Sanatorium Ist Main Road is Residential Class I Type - II, indicating its suitability for residential development.