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Guideline Value

Corporate

Guideline Value for TANK STREET (WARD -9)

₹551/sq.ft.

The guideline value for Tank Street (ward -9) in Kadampur village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 551 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Kadampur

Village

Chengleput Joint II

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹551 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Tank Street (ward -9)

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Tank Street (Ward -9) guideline value

The current guideline value of Tank Street (Ward -9) in Kadampur village is Rs 551 per sq.ft, effective from 1 July 2024. This falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Tank Street (Ward -9) has changed

Looking at the historical revisions, the guideline value for Tank Street (Ward -9) was Rs 500 per sq.ft in 2023, which increased to Rs 551 per sq.ft in the 2024 revision, marking a change of +10%. Prior to that, in 2017, the value was Rs 335 per sq.ft, which saw a significant increase of +49% to reach Rs 500 per sq.ft in 2023. There are no figures available for the revisions in 2002, 2003, and 2007.

In the 2012 revision, the guideline value was Rs 500 per sq.ft, which decreased to Rs 335 per sq.ft in 2017, representing a decline of -33%. Overall, from 2012 to 2024, the guideline value has increased by +10%.

Guideline values in Kadampur

In Kadampur, there are 44 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 385 to Rs 2,200 per sq.ft. The median value is Rs 551 per sq.ft, which is the same as the current value for Tank Street (Ward -9).

Stamp duty and registration fee for property in Tank Street (Ward -9)

For a 1,000 sq.ft plot at the current guideline value of Rs 551 per sq.ft, the total guideline value amounts to Rs 5,51,000. The stamp duty at 7% would be Rs 38,570, and the registration fee at 2% would be Rs 11,020, making the total charges Rs 49,590. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Tank Street (Ward -9)?

The Sub Registrar Office that covers Tank Street (Ward -9) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Kadampur, as it serves as the basis for calculating stamp duty and registration fees. When a property is bought or sold, the guideline value ensures that the transaction is recorded at a standardized price, which is essential for taxation purposes.

During the registration process, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This means that understanding the guideline value is crucial for both buyers and sellers to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Tank Street (Ward -9)?

The current guideline value of Tank Street (Ward -9) is Rs 551 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes: it was Rs 500 per sq.ft in 2023, Rs 335 per sq.ft in 2017, and Rs 500 per sq.ft in 2012. The overall change from 2012 to 2024 is +10%.

What is the classification of land on Tank Street (Ward -9)?

The land on Tank Street (Ward -9) is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty rates for properties in Tank Street (Ward -9)?

The stamp duty for properties in Tank Street (Ward -9) is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Tank Street (Ward -9)?

The Sub Registrar Office for Tank Street (Ward -9) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.