Guideline Value for tambaram kanchipuram road

Tambaram Kanchipuram Road guideline value

The current guideline value of Tambaram Kanchipuram Road is Rs 900 per sq.ft, effective from 1 July 2024. This road is located in Karasangal village under the Sriperumpudur SRO, classified as Commercial Class I Type - I.

How the guideline value of Tambaram Kanchipuram Road has changed

Over the years, the guideline value for Tambaram Kanchipuram Road has seen several revisions. The 2012 revision set the value at Rs 900 per sq.ft, which remained unchanged in the 2023 revision. However, the 2017 revision recorded a lower value of Rs 603 per sq.ft, marking a decrease of 33% from the previous figure. The 2024 revision again set the value at Rs 900 per sq.ft, showing no change from the 2023 revision.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained stable at Rs 900 per sq.ft. The changes between the revisions show a significant increase of 49% from 2017 to 2023, but no change from 2023 to 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Karasangal

In Karasangal, there are 59 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 3,550 per sq.ft. The median value for these streets is Rs 402 per sq.ft, placing the Tambaram Kanchipuram Road guideline value above this median.

• Theruveethi Amman Koil Street: Rs 100 per sq.ft (2024)
• Thulakkanathamman Koil Street: Rs 100 per sq.ft (2024)
• Sowntharapandiyan Nagar: Rs 800 per sq.ft (2024)
• Vianayaga Nagar: Rs 400 per sq.ft (2024)
• Sindhu Nagar: Rs 700 per sq.ft (2024)
• Sigaram Avenue: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Tambaram Kanchipuram Road

For a 1,000 sq.ft plot at the current rate of Rs 900 per sq.ft, the guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, making the total cost for these fees Rs 81,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Tambaram Kanchipuram Road?

The Tambaram Kanchipuram Road is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the amount of stamp duty and registration fees payable during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations and to calculate the associated costs accurately.

When a property is sold, the guideline value serves as a benchmark for the transaction, ensuring that the sale price is in line with government assessments. This helps maintain transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Tambaram Kanchipuram Road?

The current guideline value of Tambaram Kanchipuram Road is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 900 per sq.ft in 2012, 2023, and 2024, with a decrease to Rs 603 per sq.ft in 2017. The overall change from 2012 to 2024 shows no increase.

What are the guideline values of other streets in Karasangal?

Other streets in Karasangal have varying guideline values, with rates ranging from Rs 100 to Rs 1,500 per sq.ft. The median value for these streets is Rs 402 per sq.ft.

What fees are associated with buying property on Tambaram Kanchipuram Road?

When purchasing property, buyers must pay stamp duty at 7% and a registration fee at 2% of the guideline value. For example, a 1,000 sq.ft plot would incur a total fee of Rs 81,000.

Where can I find the Sub Registrar Office for Tambaram Kanchipuram Road?

The Sub Registrar Office covering Tambaram Kanchipuram Road is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.