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Guideline Value

Corporate

Guideline Value for Tambaram Velachery Road (100 Feet Road)

₹8800/sq.ft.

The guideline value for Tambaram Velachery Road (100 Feet Road) in Tharamani village (Adayar SRO, Chennai zone) is Rs 8800 per sq.ft, effective 1 July 2024. It was Rs 8000 per sq.ft from 1 April 2023, a 10% change. The land classification is Industries Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Tharamani

Village

Adayar

SRO

Industries Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹8800 /sq.ft.
From 1-4-2023 ₹8000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5360 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹8000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹4000 /sq.ft.
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)

No.161(71/6), L.b Road (dr.muthulakshmi Salai) Tnhb Building,third Floor,thiruvanmiyur,chennai-600041
044-24415011
[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 Velachery Road (100 Feet Road)

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Tambaram Velachery Road (100 Feet Road) guideline value

The current guideline value of Tambaram Velachery Road (100 Feet Road) is Rs 8,800 per sq.ft, effective from 1 July 2024. This road is located in Tharamani village, under the Adayar SRO, and is classified as Industries Special Type - I.

How the guideline value of Tambaram Velachery Road (100 Feet Road) has changed

The guideline value for Tambaram Velachery Road has undergone several revisions over the years. In 2007, the value was Rs 4,000 per sq.ft, which increased to Rs 8,000 per sq.ft in 2012, marking a 100% rise. However, it decreased to Rs 5,360 per sq.ft in 2017, representing a 33% drop. The value then saw a significant increase to Rs 8,000 per sq.ft in 2023, followed by another rise to Rs 8,800 per sq.ft in 2024, which is a 10% increase from the previous year. The register has no figure for this street for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 120%. The changes between revisions highlight the fluctuations in the guideline value, with the most recent revision reflecting a strong upward trend.

Guideline values in Tharamani

In Tharamani, there are 78 streets under the Adayar SRO that carry a 2024 guideline value, ranging from Rs 1,700 to Rs 8,800 per sq.ft, with a median value of Rs 2,800 per sq.ft. The guideline value for Tambaram Velachery Road (100 Feet Road) is above this median.

Stamp duty and registration fee for property in Tambaram Velachery Road (100 Feet Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value amounts to Rs 88,00,000. The stamp duty is calculated at 7%, which totals Rs 6,16,000, and the registration fee is charged at 2%, amounting to Rs 1,76,000. Together, the total cost for stamp duty and registration fee would be Rs 7,92,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Tambaram Velachery Road (100 Feet Road)?

The Tambaram Velachery Road (100 Feet Road) is covered by the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Tharamani. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Tambaram Velachery Road?

The current guideline value of Tambaram Velachery Road (100 Feet Road) is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 4,000 per sq.ft in 2007 to Rs 8,800 per sq.ft in 2024, which is a total increase of 120% over the years.

What is the registration office for Tambaram Velachery Road?

The registration office for Tambaram Velachery Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the stamp duty calculated for properties in Tharamani?

Stamp duty for properties in Tharamani is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.

What are the guideline values for other streets in Tharamani?

Other streets in Tharamani have varying guideline values, with Taramani Road also at Rs 8,800 per sq.ft, while several streets in Thanthai Periyar Nagar are at Rs 2,200 per sq.ft as of 2024.