Guideline Value for Tamil Salai

Tamil Salai guideline value

The current guideline value of Tamil Salai is Rs 13,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet Sub Registrar Office (SRO) and is classified as Mixed Type - I.

How the guideline value of Tamil Salai has changed

The guideline value register for Tamil Salai shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 13,400 per sq.ft.

There have been no changes between the revisions above, as the register only contains the current figure for 2024.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value is Rs 7,100 per sq.ft, making the guideline value of Tamil Salai above this median.

• Tarapore Avenue: Rs 11,000 per sq.ft (2024)
• Tailos Salai: Rs 15,000 per sq.ft (2024)
• Tailors lane: Rs 11,000 per sq.ft (2024)
• Syful Mulk Nawab Street: Rs 7,100 per sq.ft (2024)
• Syful mulk Nawab 2ndlane: Rs 7,100 per sq.ft (2024)
• syful mulk Nawab 1st lane: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Tamil Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 13,400 per sq.ft, the total guideline value amounts to Rs 1,34,00,000. The stamp duty at 7% would be Rs 9,38,000, and the registration fee at 2% would be Rs 2,68,000, bringing the total fees to Rs 12,06,000. 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 more details.

Which Sub Registrar Office covers Tamil Salai?

The Sub Registrar Office that covers Tamil Salai is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Egmore. It determines the stamp duty and registration fees that must be paid, ensuring compliance with local regulations.

When buying or selling property, the guideline value serves as a reference point for assessing the value of the property. Buyers and sellers must consider this value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Tamil Salai?

The current guideline value of Tamil Salai is Rs 13,400 per sq.ft, effective from 1 July 2024.

What revisions have been made to the guideline value of Tamil Salai?

The guideline value register shows no figures for Tamil Salai for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only figure available is from the 2024 revision.

How does Tamil Salai's guideline value compare to other streets in Egmore?

The guideline value of Tamil Salai is above the median value of Rs 7,100 per sq.ft for streets in Egmore. Other streets in the area have varying guideline values, with some being lower and others higher.

What are the stamp duty and registration fees for property in Tamil Salai?

For a 1,000 sq.ft plot at the guideline value of Rs 13,400 per sq.ft, the total guideline value would be Rs 1,34,00,000. The stamp duty would be Rs 9,38,000, and the registration fee would be Rs 2,68,000, totaling Rs 12,06,000.

Where is the Sub Registrar Office for Tamil Salai located?

The Sub Registrar Office covering Tamil Salai is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.