Guideline Value for Thiruneermalai Road

Thiruneermalai Road guideline value

The current guideline value of Thiruneermalai Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This road is located in Tambaram village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - II.

How the guideline value of Thiruneermalai Road has changed

The guideline value for Thiruneermalai Road has seen several revisions over the years. In 2002, the value was Rs 303 per sq.ft, which increased to Rs 374 per sq.ft in 2003, marking a change of +23%. The value continued to rise, reaching Rs 500 per sq.ft in 2007, a significant increase of +34%. By 2012, the guideline value was Rs 2,000 per sq.ft, reflecting a remarkable increase of +300% from the previous revision. However, it then dropped to Rs 1,340 per sq.ft in 2017, a decrease of -33%.

In the following years, the value increased again, reaching Rs 2,000 per sq.ft in 2023, and then further to Rs 2,200 per sq.ft in 2024, which is a rise of +10%. Overall, from 2002 to 2024, the guideline value has increased by +626%. There are no figures available for any other years for this street in the register.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 8,250 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value for Thiruneermalai Road is below this median.

• Thiruppur Kumaran street (G.S.T Road): Rs 6,600 per sq.ft (2024)
• Thiruppur Kumaran street (Radha nagar): Rs 1,650 per sq.ft (2024)
• Thiruvalluvarpuram: Rs 2,200 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,650 per sq.ft (2024)
• Thiruvengada Nagar: Rs 2,200 per sq.ft (2024)
• T.K. Chetty Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruneermalai Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruneermalai Road?

The Sub Registrar Office that covers Thiruneermalai Road is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tambaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property transaction occurs, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Thiruneermalai Road?

The current guideline value of Thiruneermalai Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 303 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, an overall increase of +626%.

What are the stamp duty and registration fees for properties on Thiruneermalai Road?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,98,000 based on the current guideline value.

Where is the Sub Registrar Office for Thiruneermalai Road located?

The Sub Registrar Office covering Thiruneermalai Road is located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification for Thiruneermalai Road?

Thiruneermalai Road is classified as Residential Class I Type - II, which indicates its suitability for residential development.