Guideline Value for TAMBAIAH EXTENSION

Tambaiah Extension guideline value

The current guideline value for Tambaiah Extension in Puliyur village, under the Kodambakkam SRO, is Rs 11,000 per sq.ft, effective from 1 July 2024. The land classification for this area is Commercial Special Type - I.

How the guideline value of Tambaiah Extension has changed

The guideline value for Tambaiah Extension has seen significant changes over the years. In 2007, the guideline value was Rs 2,500 per sq.ft. This figure rose dramatically to Rs 10,000 per sq.ft in 2012, marking a 300% increase. The value remained unchanged at Rs 10,000 per sq.ft until the 2023 revision.

In 2023, the guideline value increased to Rs 10,000 per sq.ft, and then further rose by 10% to Rs 11,000 per sq.ft in 2024. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, placing Tambaiah Extension's guideline value above this median.

• Tambaiah Road: 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 Extension

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, totaling Rs 9,90,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Tambaiah Extension?

The Tambaiah Extension area falls under 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 is a crucial factor in the registration process of property transactions in Puliyur. It determines the base value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, both parties must consider the guideline value to understand the financial implications of the transaction. It serves as a benchmark for the valuation of the property, helping to facilitate a fair and transparent process.

Frequently asked questions

What is the current guideline value of Tambaiah Extension?

The current guideline value of Tambaiah Extension 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 changed significantly from Rs 2,500 per sq.ft in 2007 to Rs 11,000 per sq.ft in 2024, reflecting an overall increase of 340% over this period.

What is the land classification for Tambaiah Extension?

The land classification for Tambaiah Extension is Commercial Special Type - I, indicating its suitability for commercial activities.

What are the registration fees for property in Tambaiah Extension?

For a property valued at Rs 1,10,00,000, the stamp duty would be Rs 7,70,000 and the registration fee would be Rs 2,20,000, totaling Rs 9,90,000.

Where can I find the Sub Registrar Office for Tambaiah Extension?

The Kodambakkam Sub Registrar Office covers Tambaiah Extension, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.