Guideline Value for Tailos Salai

Tailos Salai guideline value

The current guideline value of Tailos Salai is Rs 15,000 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO and is classified as Residential Class I Type - I.

How the guideline value of Tailos Salai has changed

The guideline value for Tailos Salai has experienced several revisions over the years. In 2007, the value was Rs 4,500 per sq.ft, which increased significantly to Rs 13,700 per sq.ft in 2012. However, it saw a decrease to Rs 9,179 per sq.ft in 2017. The value then rose to Rs 13,700 per sq.ft in 2023, before reaching the current figure of Rs 15,000 per sq.ft in 2024.

Between the revisions, the changes were notable. From 2007 to 2012, the value increased by 204%, but then it decreased by 33% from 2012 to 2017. The value saw a significant increase of 49% from 2017 to 2023, and the most recent revision from 2023 to 2024 reflects a rise of 9%. Overall, from 2007 to 2024, the guideline value has increased by 233%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO, with guideline values ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, placing Tailos Salai's 2024 figure above that median.

• Tailors lane: Rs 11,000 per sq.ft (2024)
• Syful Mulk Nawab Street: Rs 7,100 per sq.ft (2024)
• Syful mulk Nawab 2nd lane: Rs 7,100 per sq.ft (2024)
• Syful mulk Nawab 1st lane: Rs 7,100 per sq.ft (2024)
• Tamil Salai: Rs 13,400 per sq.ft (2024)
• Tarapore Avenue: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Tailos Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 15,000 per sq.ft, the total guideline value would be Rs 1,50,00,000. The stamp duty at 7% would amount to Rs 10,50,000, and the registration fee at 2% would be Rs 3,00,000, totaling Rs 13,50,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Tailos Salai?

The Sub Registrar Office covering Tailos Salai is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. For more information, you can find your SRO.

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

The guideline value is a crucial figure used during the registration of property transactions in Egmore. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is considered alongside the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that the fees reflect the property's worth according to the official guidelines.

Frequently asked questions

What is the current guideline value of Tailos Salai?

The current guideline value of Tailos Salai is Rs 15,000 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 4,500 per sq.ft in 2007 to Rs 15,000 per sq.ft in 2024, reflecting an overall increase of 233% over this period.

What are the stamp duty rates for property in Tailos Salai?

The stamp duty for property in Tailos Salai is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Tailos Salai?

The Sub Registrar Office for Tailos Salai is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the median guideline value for streets in Egmore?

The median guideline value for streets in Egmore is Rs 7,100 per sq.ft, with Tailos Salai's current value being above this median.