Guideline Value for NORTH TANKVIEW STREET

North Tankview Street guideline value

The current guideline value of North Tankview Street is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class V Type - III.

How the guideline value of North Tankview Street has changed

The guideline value for North Tankview Street has undergone several revisions over the years. In 2002, the value was Rs 523 per sq.ft, which increased to Rs 579 per sq.ft in 2003, marking an 11% rise. The value continued to climb significantly, reaching Rs 1,300 per sq.ft in 2007, a 125% increase from the previous revision. By 2012, the guideline value was Rs 3,200 per sq.ft, reflecting a notable 146% increase from 2007. However, this value decreased by 33% to Rs 2,144 per sq.ft in 2017.

From 2017 to 2023, the guideline value rose sharply by 49% to Rs 3,200 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 3,520 per sq.ft, which is a 10% increase from 2023. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft, with a median value of Rs 9,900 per sq.ft. North Tankview Street's guideline value is below this median.

• North Mada Veethi: Rs 8,250 per sq.ft (2024)
• N.S.K. 3rd Street: Rs 7,150 per sq.ft (2024)
• N.S.K Street: Rs 7,150 per sq.ft (2024)
• Odaikuppam Amman Koil Back Side: Rs 3,520 per sq.ft (2024)
• Odaikuppam Sea Shore Salai: Rs 11,000 per sq.ft (2024)
• Odaikuppam Street: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in North Tankview Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total charges to Rs 3,16,800. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers North Tankview Street?

The Sub Registrar Office covering North Tankview Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered alongside the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value of North Tankview Street?

The current guideline value of North Tankview Street is Rs 3,520 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 523 per sq.ft in 2002 to Rs 3,520 per sq.ft in 2024, reflecting an overall increase of 573% over the years.

What is the median guideline value in Thiruvanmiyur?

The median guideline value in Thiruvanmiyur is Rs 9,900 per sq.ft, while North Tankview Street's value is below this median.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions in this area is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for North Tankview Street?

The Sub Registrar Office for North Tankview Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.