Guideline Value for Tansi Nagar Tharamani 100Feet Road

Tansi Nagar Tharamani 100Feet Road guideline value

The current guideline value of Tansi Nagar Tharamani 100Feet Road is Rs 13,200 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Tansi Nagar Tharamani 100Feet Road has changed

The guideline value for Tansi Nagar Tharamani 100Feet Road has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 12,000 per sq.ft. This was followed by a decrease to Rs 8,040 per sq.ft in the 2017 revision. However, the most recent revision in 2024 saw a significant increase to Rs 13,200 per sq.ft, marking a 64% rise from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value. It is important to note that the register does not contain figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, indicating that Tansi Nagar Tharamani 100Feet Road's 2024 figure is above this median.

• Tansi Nagar Iyappan Street: Rs 4,950 per sq.ft (2024)
• Tansi Nagar Vivekanandar Street: Rs 4,950 per sq.ft (2024)
• Tansi Nagar Gopalpillai Street: Rs 4,950 per sq.ft (2024)
• Tansi Nagar Film Street: Rs 4,950 per sq.ft (2024)
• Tansi Nagar Extn Balamurugan Nagar: Rs 4,950 per sq.ft (2024)
• Tansi Nagar Extn.: Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in Tansi Nagar Tharamani 100Feet Road

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value amounts to Rs 1,32,00,000. The stamp duty at 7% would be Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, bringing the total fees to Rs 11,88,000. It is essential to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Tansi Nagar Tharamani 100Feet Road?

The Sub Registrar Office that covers Tansi Nagar Tharamani 100Feet Road is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Velachery. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on an official valuation rather than the sale price alone.

When a property is registered, the guideline value helps determine the legal obligations regarding taxes and fees. Buyers and sellers should be aware of the guideline value to understand their financial responsibilities during the transaction.

Frequently asked questions

What is the current guideline value of Tansi Nagar Tharamani 100Feet Road?

The current guideline value of Tansi Nagar Tharamani 100Feet Road is Rs 13,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value changed from Rs 12,000 per sq.ft in 2012 to Rs 8,040 per sq.ft in 2017, and then increased to Rs 13,200 per sq.ft in 2024. This represents a 64% increase from 2017 to 2024 and a 10% increase overall from 2012 to 2024.

What are the registration fees for property in Tansi Nagar Tharamani 100Feet Road?

For a property valued at Rs 1,32,00,000, the stamp duty would be Rs 9,24,000 and the registration fee would be Rs 2,64,000, totaling Rs 11,88,000. Fees are based on the higher of the guideline value or the sale price.

Which office handles registrations for Tansi Nagar Tharamani 100Feet Road?

The Velacheri Sub Registrar Office handles registrations for Tansi Nagar Tharamani 100Feet Road. The office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification for Tansi Nagar Tharamani 100Feet Road?

The land classification for Tansi Nagar Tharamani 100Feet Road is Commercial Class I Type - I, indicating its use for commercial activities.