Guideline Value for Taramani Road

Taramani Road guideline value

The current guideline value of Taramani Road in Tharamani village, under the Adayar SRO, is Rs 8,800 per sq.ft, effective from 1 July 2024. The land classification for this area is Industries Special Type - I.

How the guideline value of Taramani Road has changed

The guideline value for Taramani Road has seen several revisions over the years. In 2007, the value was Rs 4,000 per sq.ft, which increased to Rs 8,000 per sq.ft in 2012, marking a 100% rise. However, it then decreased to Rs 5,360 per sq.ft in 2017, resulting in a 33% drop. The value further increased significantly to Rs 8,000 per sq.ft in 2023, and finally, it rose to Rs 8,800 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 120%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Tharamani

In Tharamani, there are 78 streets under the Adayar SRO with a 2024 guideline value ranging from Rs 1,700 to Rs 8,800 per sq.ft. The median value for these streets is Rs 2,800 per sq.ft, placing Taramani Road's 2024 figure above this median.

• Tambaram Velachery Road (100 Feet Road): Rs 8,800 per sq.ft (2024)
• Thanthai Periyar Nagar Kakkanji St.,: Rs 2,200 per sq.ft (2024)
• Thanthai Periyar Nagar Kattabomman St.,: Rs 2,200 per sq.ft (2024)
• Thanthai Periyar Nagar Kennedy Street: Rs 2,200 per sq.ft (2024)
• Thanthai Periyar Nagar Muthumariamman Koil St: Rs 2,200 per sq.ft (2024)
• Thanthai Periyar Nagar Ottravadai St.,: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Taramani Road

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, totaling Rs 7,92,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Taramani Road?

The Sub Registrar Office that covers Taramani Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Tharamani. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures that the fees are calculated based on a standardized value set by the government.

At the time of registration, the guideline value helps in ensuring transparency and fairness in property transactions. Buyers and sellers must be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Taramani Road?

The current guideline value of Taramani Road is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2007 to Rs 8,800 per sq.ft in 2024, reflecting an overall increase of 120% over the years.

What are the other streets in Tharamani with their guideline values?

Other streets in Tharamani include Tambaram Velachery Road (100 Feet Road) at Rs 8,800 per sq.ft, and several streets in Thanthai Periyar Nagar at Rs 2,200 per sq.ft.

What is the registration fee for property in Taramani Road?

The registration fee is calculated based on the guideline value or sale price, whichever is higher. For example, for a property valued at Rs 88,00,000, the registration fee at 2% would be Rs 1,76,000.

Where can I find the Sub Registrar Office for Taramani Road?

The Adayar Sub Registrar Office covers Taramani Road and is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.