Guideline Value for Tansi puram

Tansi puram guideline value

The current guideline value of Tansi puram, located in Varadarajapuram village under the Padappai SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Tansi puram has changed

Over the years, the guideline value of Tansi puram has seen significant changes. The 2007 revision recorded a guideline value of Rs 150 per sq.ft, which increased dramatically to Rs 1,500 per sq.ft in 2012, marking a 900% rise. However, this value dropped to Rs 1,005 per sq.ft in 2017, a decrease of 33%. The value then rose to Rs 1,500 per sq.ft in 2023, and most recently, it has increased to Rs 1,650 per sq.ft in 2024, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 1000%.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO that have a 2024 guideline value ranging from Rs 880 to Rs 4,100 per sq.ft. The median value across these streets is Rs 1,650 per sq.ft, which aligns with the current guideline value of Tansi puram.

• Tambaram - Manimangalam Road: Rs 1,320 per sq.ft (2024)
• Tambaram - Kishkintha Road: Rs 1,650 per sq.ft (2024)
• Sundar Nagar Extn: Rs 1,980 per sq.ft (2024)
• Sundar Nagar: Rs 1,650 per sq.ft (2024)
• Sundarapuri Nagar: Rs 990 per sq.ft (2024)
• Sulochana Nagar: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Tansi puram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000. Therefore, the total cost for stamp duty and registration fees would be Rs 1,48,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Tansi puram?

The Sub Registrar Office that covers Tansi puram is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Varadarajapuram. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value serves as a benchmark for the minimum price at which the property can be registered. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Tansi puram?

The current guideline value of Tansi puram is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 150 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, marking an overall increase of 1000% over the years.

What are the stamp duty and registration fees for a property in Tansi puram?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles registrations for Tansi puram?

The Padappai Sub Registrar Office handles registrations for Tansi puram, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the land classification of Tansi puram?

Tansi puram is classified as Residential Special Type - II, indicating its designated use for residential purposes.