Guideline Value for CHAIRMAN T.K.P . NAGAR

Chairman T.K.P . Nagar guideline value

The current guideline value of Chairman T.K.P . Nagar is Rs 3,700 per sq.ft, effective from 1 July 2024. This area is located in Thiruvottiyur village, under the Thiruvottiyur SRO, and is classified as Mixed Special Type - II.

How the guideline value of Chairman T.K.P . Nagar has changed

The guideline value for Chairman T.K.P . Nagar has seen several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 500 per sq.ft. This increased significantly to Rs 3,400 per sq.ft in 2012, but then dropped to Rs 2,278 per sq.ft in 2017. The value rose again to Rs 3,400 per sq.ft in 2023, and currently stands at Rs 3,700 per sq.ft from the 2024 revision. The register has no figures for this street in 2002 and 2003.

Between these revisions, there were notable changes. From 2007 to 2012, the value increased by 580%, while from 2012 to 2017, it decreased by 33%. The value then increased by 49% from 2017 to 2023 and saw a further rise of 9% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 640%.

Guideline values in Thiruvottiyur

In Thiruvottiyur, there are 177 streets under the Thiruvottiyur SRO, with guideline values ranging from Rs 1,300 to Rs 8,600 per sq.ft as of 2024. The median guideline value in this area is Rs 3,300 per sq.ft, making the guideline value of Chairman T.K.P . Nagar above the median.

• Cauvery Nagar: Rs 3,300 per sq.ft (2024)
• Charless Nagar/Streets/Cross Streets: Rs 1,500 per sq.ft (2024)
• B.Sathanthapuram: Rs 2,800 per sq.ft (2024)
• CHINNAMETTUPALAYAM Nagar/ Streets: Rs 3,300 per sq.ft (2024)
• C.R. Vedachalam Nagar: Rs 3,300 per sq.ft (2024)
• Bharathi Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Chairman T.K.P . Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,700 per sq.ft, the total guideline value amounts to Rs 37,00,000. The stamp duty at 7% would be Rs 2,59,000, and the registration fee at 2% would be Rs 74,000, bringing the total fees to Rs 3,33,000. 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 Chairman T.K.P . Nagar?

The Sub Registrar Office covering Chairman T.K.P . Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is an important factor during the registration of property transactions in Thiruvottiyur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is in accordance with the legal requirements set by the government. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Chairman T.K.P . Nagar?

The current guideline value of Chairman T.K.P . Nagar is Rs 3,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 500 per sq.ft in 2007 to Rs 3,700 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification of Chairman T.K.P . Nagar?

Chairman T.K.P . Nagar is classified as Mixed Special Type - II according to the land classification records.

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for properties in Chairman T.K.P . Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 37,00,000 would incur a stamp duty of Rs 2,59,000.