Guideline Value for tambaram kanchipuram road

Tambaram Kanchipuram Road guideline value

The current guideline value of Tambaram Kanchipuram Road is Rs 700 per sq.ft, effective from 1 July 2024. This road is located in Salamangalam village, under the jurisdiction of the Sriperumpudur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Tambaram Kanchipuram Road has changed

Looking at the revisions, the guideline value for Tambaram Kanchipuram Road was Rs 700 per sq.ft in both the 2023 and 2024 revisions. The 2017 revision recorded a value of Rs 469 per sq.ft, indicating a significant increase of 49% from 2017 to 2023. In the 2012 revision, the value was again Rs 700 per sq.ft, showing a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 700 per sq.ft.

The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Salamangalam

In Salamangalam, there are 59 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 3,100 per sq.ft. The median guideline value for the village is Rs 500 per sq.ft, placing Tambaram Kanchipuram Road's 2024 figure above that median.

• Theradi street: Rs 400 per sq.ft (2024)
• Subam Enclave: Rs 400 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 550 per sq.ft (2024)
• Thirupathi Nagar: Rs 300 per sq.ft (2024)
• Sri Sakthi Nagar: Rs 402 per sq.ft (2024)
• TVS Emerald Flourish: Rs 1,850 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 guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. It is important to note that the 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 precise calculations.

Which Sub Registrar Office covers Tambaram Kanchipuram Road?

The Tambaram Kanchipuram Road falls under 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 Salamangalam

The guideline value plays a crucial role in the registration process when buying or selling property in Salamangalam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the fees based on the higher of the guideline value or the actual sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Tambaram Kanchipuram Road?

The current guideline value of Tambaram Kanchipuram Road is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft in both the 2023 and 2024 revisions. It increased by 49% from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023.

What is the median guideline value in Salamangalam?

The median guideline value in Salamangalam is Rs 500 per sq.ft. The Tambaram Kanchipuram Road's guideline value is above this median.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in the area is 7%. This is calculated based on the higher of the guideline value or the sale price of the property.

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.