Guideline Value for Tambiran Nagar

Tambiran Nagar guideline value

The current guideline value of Tambiran Nagar, located in Mathuranthagam village under the Madurandakam SRO, is Rs 1,110 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Tambiran Nagar has changed

Over the years, the guideline value of Tambiran Nagar has seen several revisions. The 2007 revision set the value at Rs 250 per sq.ft, which then increased significantly to Rs 1,000 per sq.ft in the 2012 revision. However, the value dropped to Rs 670 per sq.ft in the 2017 revision before rising again to Rs 1,000 per sq.ft in 2023 and reaching the current figure of Rs 1,110 per sq.ft in 2024. The register has no figures for the years 2002 and 2003 for this street.

From 2007 to 2012, the guideline value increased by 300%, but then decreased by 33% from 2012 to 2017. The value saw a substantial increase of 49% from 2017 to 2023, followed by an 11% rise from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 344%.

Guideline values in Mathuranthagam

In Mathuranthagam village, there are 109 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,480 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, placing Tambiran Nagar's 2024 value at the median level.

• Sundararam Nagar: Rs 1,110 per sq.ft (2024)
• Sunambedu Road, Mariamman Koil Street: Rs 1,100 per sq.ft (2024)
• THENRAYAN STREET (a) BHARATHIYAR STREET: Rs 1,110 per sq.ft (2024)
• Subhadra Farm Land & Residency: Rs 1,100 per sq.ft (2024)
• Sri Saibaba Nagar Extn: Rs 1,105 per sq.ft (2024)
• Sri Ranga Nagar: Rs 555 per sq.ft (2024)

Stamp duty and registration fee for property in Tambiran Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,110 per sq.ft, the total guideline value would be Rs 11,10,000. The stamp duty at 7% would amount to Rs 77,700, while the registration fee at 2% would be Rs 22,200, bringing the total fees to Rs 99,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Tambiran Nagar?

The Tambiran Nagar area is covered by the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mathuranthagam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring compliance with legal requirements.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees, which are necessary for the legal transfer of ownership. Buyers and sellers must be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Tambiran Nagar?

The current guideline value of Tambiran Nagar is Rs 1,110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 1,110 per sq.ft in 2024, reflecting an overall increase of 344% over this period.

What are the stamp duty rates for property in Tambiran Nagar?

The stamp duty rate for property transactions in Tambiran Nagar is 7%, calculated on the higher of the guideline value or the sale price.

Where is the Madurandakam Sub Registrar Office located?

The Madurandakam Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

What other streets have similar guideline values in Mathuranthagam?

Other streets in Mathuranthagam with similar guideline values include Sundararam Nagar and THENRAYAN STREET (a) BHARATHIYAR STREET, both at Rs 1,110 per sq.ft in 2024.