Guideline Value for Dr. T.V.Naidu Street

Dr. T.V.Naidu Street guideline value

The current guideline value of Dr. T.V.Naidu Street is Rs 13,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO, and the land classification is Mixed Type - I.

How the guideline value of Dr. T.V.Naidu Street has changed

The guideline value for Dr. T.V.Naidu Street has seen several revisions over the years. In 2002, the guideline value was Rs 967 per sq.ft. This increased to Rs 1,166 per sq.ft in 2003, marking a rise of 21%. The value continued to rise significantly, reaching Rs 2,000 per sq.ft in 2007, which was an increase of 72%. By 2012, the value had jumped to Rs 12,300 per sq.ft, showing a remarkable increase of 515%. However, it then decreased to Rs 8,241 per sq.ft in 2017, reflecting a decline of 33%. The guideline value rose again to Rs 12,300 per sq.ft in 2023, and finally reached Rs 13,400 per sq.ft in 2024, which is a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1286%. There are no figures available for the revisions of years not listed in the register for this street.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft, with a median value of Rs 7,100 per sq.ft. Dr. T.V.Naidu Street's 2024 guideline value is above this median.

• Dr.Sukkur Street: Rs 3,900 per sq.ft (2024)
• Dr.Santhosam Salai: Rs 8,300 per sq.ft (2024)
• Dr.Santhosam Nagar: Rs 2,800 per sq.ft (2024)
• Dr.Natesa MudaliStreet: Rs 2,800 per sq.ft (2024)
• Dr.NairSalai: Rs 13,400 per sq.ft (2024)
• Dr.Muniyappa Road: Rs 13,400 per sq.ft (2024)

Stamp duty and registration fee for property in Dr. T.V.Naidu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 13,400 per sq.ft, the total guideline value would be Rs 1,34,00,000. The stamp duty at 7% would amount to Rs 9,38,000, and the registration fee at 2% would be Rs 2,68,000, bringing the total to Rs 12,06,000. Please note that the 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 Dr. T.V.Naidu Street?

The Sub Registrar Office that covers Dr. T.V.Naidu Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Egmore. It is used to determine the stamp duty and registration fees when buying or selling property. Buyers should be aware that the guideline value is the basis for calculating these fees, which are mandatory at the time of registration.

When selling a property, the guideline value helps establish a legal framework for the transaction. It ensures that the property is valued fairly according to government standards, which is essential for both buyers and sellers during the registration process.

Frequently asked questions

What is the current guideline value of Dr. T.V.Naidu Street?

The current guideline value of Dr. T.V.Naidu Street is Rs 13,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, from Rs 967 per sq.ft in 2002 to Rs 13,400 per sq.ft in 2024, reflecting an overall increase of 1286%.

What is the stamp duty rate for properties in Dr. T.V.Naidu Street?

The stamp duty rate for properties in Dr. T.V.Naidu Street is 7% of the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office is responsible for Dr. T.V.Naidu Street?

The Periamet Sub Registrar Office is responsible for Dr. T.V.Naidu Street, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the median guideline value in Egmore?

The median guideline value in Egmore is Rs 7,100 per sq.ft, with Dr. T.V.Naidu Street's value being above this median at Rs 13,400 per sq.ft.