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Guideline Value

Corporate

Guideline Value for Tambaram Somangalam Road (Royal Enclave)

₹2200/sq.ft.

The guideline value for Tambaram Somangalam Road (royal Enclave) in Erumaiyur village (Padappai SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Erumaiyur

Village

Padappai

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹569 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹850 /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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Tambaram Somangalam Road (royal Enclave)

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Tambaram Somangalam Road (Royal Enclave) guideline value

The current guideline value of Tambaram Somangalam Road (Royal Enclave) is Rs 2,200 per sq.ft, effective from 1 July 2024. This property is located in Erumaiyur village and falls under the Padappai SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Tambaram Somangalam Road (Royal Enclave) has changed

The guideline value for Tambaram Somangalam Road (Royal Enclave) has seen significant changes over the years. In the 2012 revision, the value was Rs 850 per sq.ft, which decreased to Rs 569 per sq.ft in 2017. However, from 2017 to 2023, there was a substantial increase of 251%, raising the value to Rs 2,000 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 2,200 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 159%.

Guideline values in Erumaiyur

In Erumaiyur, there are 21 streets under the Padappai SRO that have a 2024 guideline value ranging from Rs 440 to Rs 4,300 per sq.ft. The median guideline value for these streets is Rs 940 per sq.ft, making the current figure for Tambaram Somangalam Road (Royal Enclave) above the median.

Stamp duty and registration fee for property in Tambaram Somangalam Road (Royal Enclave)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Tambaram Somangalam Road (Royal Enclave)?

The Tambaram Somangalam Road (Royal Enclave) falls under the jurisdiction of the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Erumaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that both buyers and sellers are aware of the statutory value assigned to the property.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. This ensures transparency and compliance with local regulations during the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Tambaram Somangalam Road (Royal Enclave)?

The current guideline value of Tambaram Somangalam Road (Royal Enclave) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024. This represents an overall increase of 159% from 2012 to 2024.

What are the stamp duty and registration fees for properties on this road?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000. The duty is calculated on the higher of the guideline value or the sale price.

Which office handles property registrations for this area?

The Padappai Sub Registrar Office handles property registrations for Tambaram Somangalam Road (Royal Enclave). The office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the median guideline value for streets in Erumaiyur?

The median guideline value for the 21 streets in Erumaiyur under the Padappai SRO is Rs 940 per sq.ft. The guideline value for Tambaram Somangalam Road (Royal Enclave) is above this median.