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 Vanchuvancheri village and falls under the Sriperumpudur SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Tambaram Kanchipuram Road has changed

The guideline value for Tambaram Kanchipuram Road has seen several revisions over the years. In 2012, the value was set at Rs 700 per sq.ft, which remained unchanged until 2023. The 2017 revision saw a decrease to Rs 469 per sq.ft, marking a -33% change from the previous figure. Following this, the value increased by 49% to Rs 700 per sq.ft in the 2023 revision, which has also been retained in the 2024 revision, showing a 0% change from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street in the guideline value register. Overall, from 2012 to 2024, there has been a 0% change in the guideline value.

Guideline values in Vanchuvancheri

In Vanchuvancheri, there are 23 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 700 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Tambaram Kanchipuram Road above this median.

• Theruveethi Amman Koil Street: Rs 200 per sq.ft (2024)
• Sri Vijaya Ganapathy Nagar: Rs 510 per sq.ft (2024)
• Sri Ganesh Nagar Extension: Rs 510 per sq.ft (2024)
• Sri Ganesh Nagar: Rs 510 per sq.ft (2024)
• Vasantham Nagar: Rs 400 per sq.ft (2024)
• Vetri Vinayagar Nagar: Rs 200 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 higher of the guideline value or the sale price.

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. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Vanchuvancheri, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair rate, helping to standardize property values in the area. This process is essential for maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value for Tambaram Kanchipuram Road?

The current guideline value for 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 since 2012, with a decrease to Rs 469 per sq.ft in 2017 and an increase back to Rs 700 per sq.ft in 2023. There has been no change from 2023 to 2024.

What is the median guideline value in Vanchuvancheri?

The median guideline value in Vanchuvancheri is Rs 400 per sq.ft, with Tambaram Kanchipuram Road being above this median at Rs 700 per sq.ft.

What are the stamp duty and registration fees for properties on this road?

For a property valued at Rs 7,00,000, the stamp duty is Rs 49,000, and the registration fee is Rs 14,000, totaling Rs 63,000. These fees are based on the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Tambaram Kanchipuram Road is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can also find your specific SRO online.