Guideline Value for TAMBAIAH ROAD

Tambaiah Road guideline value

The current guideline value of Tambaiah Road is Rs 11,000 per sq.ft, effective from 1 July 2024. This road is located in Puliyur village under the Kodambakkam SRO, classified as Commercial Special Type - I.

How the guideline value of Tambaiah Road has changed

The guideline value for Tambaiah Road has undergone several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 2,500 per sq.ft. This value saw a significant increase to Rs 10,000 per sq.ft in the 2012 revision, which remained unchanged until the 2023 revision. In 2023, the value was revised to Rs 10,000 per sq.ft, and then increased by 10% to Rs 11,000 per sq.ft in 2024.

Overall, from 2007 to 2024, the guideline value has increased by 340%. Notably, there are no figures available for the revisions in 2002, 2003, and 2017 for Tambaiah Road.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft as of 2024. The median value for these streets is Rs 5,800 per sq.ft, placing Tambaiah Road's 2024 figure above this median.

• Tambaiah Extension: Rs 11,000 per sq.ft (2024)
• Tank Street (U.I. Colony): Rs 8,200 per sq.ft (2024)
• Swaminathan Street: Rs 6,300 per sq.ft (2024)
• Taylors Estate 1st Street: Rs 7,100 per sq.ft (2024)
• Taylors Estate 2nd Street: Rs 7,100 per sq.ft (2024)
• Taylors Estate 3rd Street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Tambaiah Road

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value amounts to Rs 1,10,00,000. The stamp duty at 7% would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, bringing the total cost together to Rs 9,90,000. 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 Tambaiah Road?

The Sub Registrar Office that covers Tambaiah Road is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a buyer or seller proceeds with a transaction, the guideline value is assessed to ensure that the appropriate fees are calculated based on the current rates. This helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value for Tambaiah Road?

The current guideline value for Tambaiah Road is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,500 per sq.ft in 2007 to Rs 11,000 per sq.ft in 2024, marking an overall increase of 340% over the years.

What are the other streets in Puliyur with their guideline values?

Other streets in Puliyur include Tambaiah Extension at Rs 11,000 per sq.ft, Tank Street (U.I. Colony) at Rs 8,200 per sq.ft, and Swaminathan Street at Rs 6,300 per sq.ft, among others.

What is the stamp duty for a property on Tambaiah Road?

The stamp duty for a property on Tambaiah Road is calculated at 7% of the guideline value. For example, for a 1,000 sq.ft property, the stamp duty would be Rs 7,70,000.

Which office handles registrations for Tambaiah Road?

The Kodambakkam Sub Registrar Office handles registrations for Tambaiah Road, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.