Guideline Value for Tanker Street

Tanker Street guideline value

The current guideline value of Tanker Street in Soorapattu village is Rs 1,200 per sq.ft, effective from 1 July 2024. This street falls under the Ambattur Sub Registrar Office (SRO) and is classified as Residential Class II Type - II.

How the guideline value of Tanker Street has changed

The guideline value for Tanker Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,200 per sq.ft, an increase of 9% from Rs 1,100 per sq.ft in the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 737 per sq.ft, marking a significant increase of 49% when compared to the 2023 figure. The 2012 revision also reported a value of Rs 1,100 per sq.ft, which was a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 9%.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Tanker Street. The last recorded figures before the 2012 revision were from 2012, and the street has seen various fluctuations since then.

Guideline values in Soorapattu

In Soorapattu village, there are 115 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,100 per sq.ft. The median guideline value in this area is Rs 1,300 per sq.ft, placing Tanker Street's 2024 figure below the median.

• Thamaraikulam Street: Rs 1,200 per sq.ft (2024)
• Thangam Nagar: Rs 1,700 per sq.ft (2024)
• Star Enclave: Rs 3,300 per sq.ft (2024)
• Sri Ramanujar Enclave: Rs 1,601 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,100 per sq.ft (2024)
• Thulukanathaman Nagar: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Tanker Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is important to note that the 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 Tanker Street?

The Sub Registrar Office that covers Tanker Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Soorapattu. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction adheres to the legal requirements set by the state.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property registration. Understanding these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Tanker Street?

The current guideline value of Tanker Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2023 to Rs 1,200 per sq.ft in 2024, and from Rs 737 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2023.

What is the land classification for Tanker Street?

Tanker Street is classified as Residential Class II Type - II under the Ambattur SRO.

Where can I find the Sub Registrar Office for Tanker Street?

The Sub Registrar Office for Tanker Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Tanker Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 12,00,000 would incur a stamp duty of Rs 84,000 at 7%.