Guideline Value for TAMBARAM - MANIMANGALAM ROAD

Tambaram - Manimangalam Road guideline value

The current guideline value for Tambaram - Manimangalam Road is Rs 1,320 per sq.ft, effective from 1 July 2024. This road is located in Varadarajapuram village and falls under the Padappai Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

How the guideline value of Tambaram - Manimangalam Road has changed

The guideline value for Tambaram - Manimangalam Road has seen several changes over the years. In the 2012 revision, the value was set at Rs 1,200 per sq.ft. This figure then decreased to Rs 804 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 1,200 per sq.ft, followed by a further increase to Rs 1,320 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

To summarize the changes: from 2012 to 2017, there was a decrease of 33%. Then, from 2017 to 2023, the value rose by 49%. The overall change from 2012 to 2024 reflects a 10% increase. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO, with guideline values ranging from Rs 880 to Rs 4,100 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, making the current value of Rs 1,320 per sq.ft for Tambaram - Manimangalam Road below the median.

• Tambaram - Kishkintha Road: Rs 1,650 per sq.ft (2024)
• Tansi puram: Rs 1,650 per sq.ft (2024)
• Sundar Nagar Extn: Rs 1,980 per sq.ft (2024)
• Sundar Nagar: Rs 1,650 per sq.ft (2024)
• Sundarapuri Nagar: Rs 990 per sq.ft (2024)
• Sulochana Nagar: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Tambaram - Manimangalam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty is charged at 7%, totaling Rs 92,400, while the registration fee at 2% amounts to Rs 26,400. Together, the total cost for stamp duty and registration fee would be Rs 1,18,800. It is essential 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 Tambaram - Manimangalam Road?

The Tambaram - Manimangalam Road falls under the jurisdiction of the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Varadarajapuram. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property transaction occurs, the guideline value ensures that the government receives appropriate revenue through stamp duty. Buyers and sellers should be aware of the guideline value to ensure compliance with registration requirements and to avoid any legal complications.

Frequently asked questions

What is the current guideline value for Tambaram - Manimangalam Road?

The current guideline value for Tambaram - Manimangalam Road is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the median guideline value in Varadarajapuram?

The median guideline value in Varadarajapuram is Rs 1,650 per sq.ft, with the Tambaram - Manimangalam Road value being below this median.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, on a 1,000 sq.ft plot, the total stamp duty and registration fee would be Rs 1,18,800.

Where is the Padappai Sub Registrar Office located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.