Guideline Value for Thambaram-Sriperumbudur Salai(Pazhavathamman kovil to Bustop)

Thambaram-Sriperumbudur Salai(Pazhavathamman kovil to Bustop) guideline value

The current guideline value for Thambaram-Sriperumbudur Salai (Pazhavathamman kovil to Bustop) is Rs 441 per sq.ft, effective from 1 July 2024. This street is located in Malaipattu village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Thambaram-Sriperumbudur Salai(Pazhavathamman kovil to Bustop) has changed

Over the years, the guideline value for Thambaram-Sriperumbudur Salai has seen several revisions. The 2012 revision set the guideline value at Rs 440 per sq.ft, which then decreased to Rs 295 per sq.ft in the 2017 revision. Following this, the value increased to Rs 441 per sq.ft in both the 2023 and 2024 revisions, showing a significant increase of 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 441 per sq.ft.

The register has no figures for the revisions in 2002, 2003, and 2007. The 2024 and 2023 revisions both reflect a guideline value of Rs 441 per sq.ft, indicating no change between these two years. The fluctuations in value over the years highlight the changing landscape of property in this area.

Guideline values in Malaipattu

Malaipattu village has 36 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 150 to Rs 1,181 per sq.ft as of 2024. The median guideline value for the village is Rs 200 per sq.ft, placing Thambaram-Sriperumbudur Salai's current value above this median.

• Teachers Chennai Fair Land: Rs 300 per sq.ft (2024)
• Thirumallai Nayakar Street: Rs 150 per sq.ft (2024)
• Thriuveethiamman Street: Rs 150 per sq.ft (2024)
• Sri Saravana Nagar: Rs 200 per sq.ft (2024)
• SriKumaran Nagar: Rs 300 per sq.ft (2024)
• Vignesh Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Thambaram-Sriperumbudur Salai(Pazhavathamman kovil to Bustop)

For a 1,000 sq.ft plot at the current guideline value of Rs 441 per sq.ft, the total guideline value amounts to Rs 4,41,000. The stamp duty, charged at 7%, would be Rs 30,870, while the registration fee at 2% would be Rs 8,820. Together, these fees amount to Rs 39,690. It is important to note that the 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 Thambaram-Sriperumbudur Salai(Pazhavathamman kovil to Bustop)?

The Sub Registrar Office covering Thambaram-Sriperumbudur Salai (Pazhavathamman kovil to Bustop) is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Malaipattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state collects appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. Buyers should be aware that the stamp duty and registration fees will be calculated based on this value, or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for Thambaram-Sriperumbudur Salai?

The current guideline value for Thambaram-Sriperumbudur Salai (Pazhavathamman kovil to Bustop) is Rs 441 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 441 per sq.ft since the 2023 revision. It was Rs 440 per sq.ft in 2012, decreased to Rs 295 per sq.ft in 2017, and then increased back to Rs 441 per sq.ft in the subsequent revisions.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 4,41,000, the total fees would amount to Rs 39,690.

Which Sub Registrar Office should I contact for registration?

The Sunguvarchattram Sub Registrar Office is responsible for registrations in this area. It is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

What is the land classification for Thambaram-Sriperumbudur Salai?

The land classification for Thambaram-Sriperumbudur Salai (Pazhavathamman kovil to Bustop) is Residential Special Type - I, indicating its suitability for residential development.