Guideline Value for Tambaram to Naduveerapattu Road

Tambaram to Naduveerapattu Road guideline value

The current guideline value of Tambaram to Naduveerapattu Road is Rs 660 per sq.ft, effective from 1 July 2024. This road is located in Naduveerapattu village and falls under the Padappai Sub Registrar Office (SRO) with a land classification of Residential Special Type - I.

How the guideline value of Tambaram to Naduveerapattu Road has changed

The guideline value for this road has seen several revisions over the years. In 2012, the value was Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017. Following this, the value increased significantly to Rs 600 per sq.ft in 2023, and most recently, it has risen to Rs 660 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The overall change from 2012 to 2024 reflects a 10% increase. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Naduveerapattu

Naduveerapattu village has a total of 96 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 2,500 per sq.ft. The median value for these streets is Rs 660 per sq.ft, which aligns with the current guideline value for Tambaram to Naduveerapattu Road.

• Thirumal Apot: Rs 440 per sq.ft (2024)
• Sri Sabari Nagar: Rs 550 per sq.ft (2024)
• Sri Mega City M M Nagar - I, S.No.211/1a1a, 1a2a, 1a2b: Rs 550 per sq.ft (2024)
• Thulukkanathamman Koil Street: Rs 330 per sq.ft (2024)
• Sri Gayathri Mega Nagar: Rs 660 per sq.ft (2024)
• Sri Gayathri Co-Operative Mega Nagar: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Tambaram to Naduveerapattu Road

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. 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 information.

Which Sub Registrar Office covers Tambaram to Naduveerapattu Road?

The Tambaram to Naduveerapattu Road is covered by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Naduveerapattu. 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 registered, the guideline value is used to ensure that the transaction reflects a fair value for taxation purposes. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value for Tambaram to Naduveerapattu Road?

The current guideline value for Tambaram to Naduveerapattu Road is Rs 660 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 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the range of guideline values in Naduveerapattu village?

The guideline values in Naduveerapattu village range from Rs 330 to Rs 2,500 per sq.ft, with a median value of Rs 660 per sq.ft.

What fees are associated with property transactions in this area?

When buying property, stamp duty at 7% and a registration fee at 2% are applicable based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for this road?

The Sub Registrar Office covering Tambaram to Naduveerapattu Road is the Padappai SRO, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.