Guideline Value for Tambaram Sriperumpudur Road

Tambaram Sriperumpudur Road guideline value

The current guideline value of Tambaram Sriperumpudur Road is Rs 1,400 per sq.ft, effective from 1 July 2024. This road is located in Sethupattu village, under the Sriperumpudur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Tambaram Sriperumpudur Road has changed

The guideline value for Tambaram Sriperumpudur Road has undergone several revisions over the years. In 2012, the value was set at Rs 600 per sq.ft. This figure remained unchanged until the next revision in 2017, where it decreased to Rs 402 per sq.ft. However, the value saw a significant increase in the following revisions, with the 2023 revision setting it at Rs 600 per sq.ft, and then a substantial rise to Rs 1,400 per sq.ft in 2024, marking a 133% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a 49% increase. Overall, from 2012 to 2024, the guideline value has increased by 133%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sethupattu

In Sethupattu village, there are 23 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing the Tambaram Sriperumpudur Road's 2024 figure above this median.

• T.M.Avenue: Rs 250 per sq.ft (2024)
• T.M.Garden: Rs 530 per sq.ft (2024)
• Sri Hayagreevar Nagar: Rs 150 per sq.ft (2024)
• Sathya Nagar: Rs 450 per sq.ft (2024)
• Sabari Nagar: Rs 300 per sq.ft (2024)
• P.S.Nagar Ph.II: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Tambaram Sriperumpudur Road

For a 1,000 sq.ft plot at the current rate of Rs 1,400 per sq.ft, the guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total to Rs 1,26,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further details.

Which Sub Registrar Office covers Tambaram Sriperumpudur Road?

The Tambaram Sriperumpudur Road 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 Sethupattu

The guideline value is a crucial factor in the registration process of property transactions in Sethupattu. It is used to determine the stamp duty and registration fees that must be paid during the sale or purchase of a property.

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 applicable duties and fees, ensuring compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Tambaram Sriperumpudur Road?

The current guideline value of Tambaram Sriperumpudur Road is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 1,400 per sq.ft in 2024, reflecting a 133% increase overall from 2012 to 2024.

What is the registration office for Tambaram Sriperumpudur Road?

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

What are the stamp duty rates applicable?

The stamp duty for property transactions is charged at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2%.

Where can I find more information on stamp duty and registration fees?

For more information on stamp duty and registration fees, you can use the stamp duty and registration fee calculator.