Guideline Value for TAMBARAM VELLACHERI MAIN ROAD

Tambaram Vellacheri Main Road guideline value

The current guideline value of Tambaram Vellacheri Main Road is Rs 4,950 per sq.ft, effective from 1 July 2024. This road is located in Jelandianpettai village, under the Chennai South Joint I SRO, and is classified as Commercial Special Type - I.

How the guideline value of Tambaram Vellacheri Main Road has changed

In the 2012 revision, the guideline value was Rs 4,500 per sq.ft. This value decreased to Rs 3,015 per sq.ft in the 2017 revision, marking a decline of 33%. Following this, the guideline value saw a significant increase to Rs 4,500 per sq.ft in the 2023 revision, which was a rise of 49%. The latest revision in 2024 has further increased the guideline value to Rs 4,950 per sq.ft, reflecting a growth of 10% from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%.

Guideline values in Jelandianpettai

In Jelandianpettai, there are 248 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 7,500 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing Tambaram Vellacheri Main Road above this median.

• Thagoor Street: Rs 2,750 per sq.ft (2024)
• Sundaresan Nagar: Rs 2,750 per sq.ft (2024)
• Subramani Nagar 5th Street: Rs 2,750 per sq.ft (2024)
• Subramani Nagar 4th Street: Rs 2,750 per sq.ft (2024)
• Subramani Nagar 3rd Street: Rs 2,750 per sq.ft (2024)
• Subramani Nagar 2nd Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Tambaram Vellacheri Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, leading to a total of Rs 4,45,500 for these charges. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Tambaram Vellacheri Main Road?

The Tambaram Vellacheri Main Road falls under the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a critical factor during property transactions in Jelandianpettai, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and to calculate the associated fees accurately.

When registering a property, the guideline value is used to calculate stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Tambaram Vellacheri Main Road?

The current guideline value of Tambaram Vellacheri Main Road is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,500 per sq.ft in 2012 to Rs 3,015 per sq.ft in 2017, then to Rs 4,500 in 2023, and finally to Rs 4,950 in 2024.

What is the land classification for Tambaram Vellacheri Main Road?

Tambaram Vellacheri Main Road is classified as Commercial Special Type - I, indicating its use for commercial activities.

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

For a property valued at Rs 49,50,000, the stamp duty is Rs 3,46,500 and the registration fee is Rs 99,000, totaling Rs 4,45,500. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find my Sub Registrar Office?

The Sub Registrar Office for Tambaram Vellacheri Main Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find more information by visiting the provided link.