Guideline Value for Tambaram Roja Nagar

Tambaram Roja Nagar guideline value

The current guideline value of Tambaram Roja Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Kolathur village under the Sriperumpudur SRO, classified as Residential Special Type - I.

How the guideline value of Tambaram Roja Nagar has changed

The guideline value for Tambaram Roja Nagar has seen several revisions over the years. In 2012, the value was set at Rs 300 per sq.ft, which then decreased to Rs 201 per sq.ft in 2017. Following this, the value increased significantly to Rs 300 per sq.ft in both 2023 and 2024, showing a 49% increase from 2017 to 2023. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 300 per sq.ft. The consistency in the 2023 and 2024 revisions indicates stability in the valuation for this area.

Guideline values in Kolathur

In Kolathur, there are 45 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 1,300 per sq.ft. The median value is Rs 250 per sq.ft, placing Tambaram Roja Nagar's 2024 figure above this median.

• Sundharam Colony: Rs 150 per sq.ft (2024)
• Sujitha Nagar: Rs 150 per sq.ft (2024)
• Thiruvalluvar Salai: Rs 250 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 250 per sq.ft (2024)
• Sri Kallazhagar City PH.I Extension: Rs 250 per sq.ft (2024)
• Sri Kallazhagar City phase I: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Tambaram Roja Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, while the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Tambaram Roja Nagar?

The Tambaram Roja Nagar area is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Tambaram Roja Nagar?

The current guideline value of Tambaram Roja Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has fluctuated, with a decrease to Rs 201 per sq.ft in 2017, followed by an increase back to Rs 300 per sq.ft in 2023 and 2024.

What is the land classification for Tambaram Roja Nagar?

Tambaram Roja Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the registration office for Tambaram Roja Nagar?

The registration office for Tambaram Roja Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Tambaram Roja Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at a rate of 7%.