Guideline Value for Tamilar Nagar Main Road

Tamilar Nagar Main Road guideline value

The current guideline value of Tamilar Nagar Main Road is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the Royapuram SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Tamilar Nagar Main Road has changed

The guideline value for Tamilar Nagar Main Road has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012, marking a 100% rise. However, in 2017, the value dropped to Rs 804 per sq.ft, reflecting a decrease of 33%. The most recent revision in 2024 set the value at Rs 1,300 per sq.ft, representing a significant increase of 62% from the 2017 figure.

It is important to note that there are no recorded figures for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 117%.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, indicating that the guideline value for Tamilar Nagar Main Road is below this median.

• Tank Street: Rs 1,300 per sq.ft (2024)
• Swathanthirapuram 2nd Street: Rs 1,300 per sq.ft (2024)
• Swathanthirapuram 1st Street: Rs 1,300 per sq.ft (2024)
• Suryanarayana 8th Lane: Rs 2,200 per sq.ft (2024)
• Suryanarayana 7th lane: Rs 2,200 per sq.ft (2024)
• Suryanarayana 6th lane: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Tamilar Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Tamilar Nagar Main Road?

The Sub Registrar Office that covers Tamilar Nagar Main Road is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Tondaiarpet, as it determines the amount of stamp duty and registration fees to be paid during the registration process. Buyers and sellers must refer to the guideline value to understand the financial obligations involved in the transfer of property ownership.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that all transactions are compliant with local regulations. This value serves as a benchmark for both buyers and sellers in the real estate market.

Frequently asked questions

What is the current guideline value of Tamilar Nagar Main Road?

The current guideline value of Tamilar Nagar Main Road is Rs 1,300 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 2007 to Rs 1,300 per sq.ft in 2024, showing an overall increase of 117% over the years.

What is the land classification for Tamilar Nagar Main Road?

Tamilar Nagar Main Road is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Tamilar Nagar Main Road?

The Sub Registrar Office for Tamilar Nagar Main Road is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is the stamp duty calculated for properties in Tondaiarpet?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,00,000, the stamp duty at 7% would be Rs 91,000.