Guideline Value for TamilNadu Dyes & Chemicals Merchants Association

TamilNadu Dyes & Chemicals Merchants Association guideline value

The current guideline value for the TamilNadu Dyes & Chemicals Merchants Association is Rs 660 per sq.ft, effective from 1 July 2024. This property is located in Payasampakkam village, under the Redhills SRO, and is classified as Residential Special Type - I.

How the guideline value of TamilNadu Dyes & Chemicals Merchants Association has changed

The guideline value has undergone several revisions over the years. The earliest recorded figure is from 2003, which was Rs 33 per sq.ft. This increased significantly to Rs 300 per sq.ft in 2007, marking a rise of 809%. The value then doubled to Rs 600 per sq.ft in 2012, but saw a decrease of 33% to Rs 402 per sq.ft in 2017. Following this, the value rose to Rs 600 per sq.ft in 2023, and then to Rs 660 per sq.ft in 2024, representing a 10% increase.

It is important to note that there is no figure recorded for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 1900%.

Guideline values in Payasampakkam

In Payasampakkam, there are 20 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 660 per sq.ft, with a median value of Rs 550 per sq.ft. The TamilNadu Dyes & Chemicals Merchants Association's current figure of Rs 660 per sq.ft is above this median.

• Subhash Nagar: Rs 440 per sq.ft (2024)
• Subash Nagar Annex II: Rs 550 per sq.ft (2024)
• Subash Nagar Annex: Rs 440 per sq.ft (2024)
• Thirumugan Nagar: Rs 440 per sq.ft (2024)
• Thirupathi Nagar: Rs 550 per sq.ft (2024)
• Thiruppathi Nagar Extn.: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in TamilNadu Dyes & Chemicals Merchants Association

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total 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, bringing the total cost for these fees to Rs 59,400. 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 detailed calculations.

Which Sub Registrar Office covers TamilNadu Dyes & Chemicals Merchants Association?

The TamilNadu Dyes & Chemicals Merchants Association falls under the jurisdiction of the Redhills Sub Registrar Office. The office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Payasampakkam. It determines the stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value for TamilNadu Dyes & Chemicals Merchants Association?

The current guideline value for TamilNadu Dyes & Chemicals Merchants Association is Rs 660 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2003, the guideline value has increased from Rs 33 per sq.ft to Rs 660 per sq.ft in 2024, representing an overall increase of 1900%.

What is the land classification for TamilNadu Dyes & Chemicals Merchants Association?

The land classification for TamilNadu Dyes & Chemicals Merchants Association is Residential Special Type - I.

Where is the Redhills Sub Registrar Office located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in TamilNadu Dyes & Chemicals Merchants Association?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 6,60,000 incurs a stamp duty of Rs 46,200 at 7%.