Guideline Value for T.C.Township

T.C.Township guideline value

The current guideline value for T.C.Township in Manimangalam A village is Rs 1,430 per sq.ft, effective from 1 July 2024. This area falls under the Padappai SRO and is classified as Residential Special Type - I.

How the guideline value of T.C.Township has changed

The guideline value for T.C.Township has undergone several revisions in recent years. The 2017 revision set the value at Rs 871 per sq.ft, which increased to Rs 1,300 per sq.ft in 2023. The most recent revision in 2024 has raised the guideline value to Rs 1,430 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value saw a significant rise of 49%. Overall, from 2017 to 2024, the total increase in the guideline value is 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Manimangalam A

In Manimangalam A, there are 112 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 550 to Rs 2,500 per sq.ft. The median value for these streets is Rs 880 per sq.ft, and T.C.Township's 2024 figure of Rs 1,430 per sq.ft is above this median.

• Tellus Avenue: Rs 1,930 per sq.ft (2024)
• Thamarai Kanni Amman Koil Street: Rs 880 per sq.ft (2024)
• SVS Nagar: Rs 1,430 per sq.ft (2024)
• Thirumalai Nagar: Rs 770 per sq.ft (2024)
• Sri Vetri Nagar: Rs 880 per sq.ft (2024)
• Sri Sri Hariharan Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in T.C.Township

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value amounts to Rs 14,30,000. The stamp duty at 7% would be Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, bringing the total to Rs 1,28,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers T.C.Township?

The Sub Registrar Office that covers T.C.Township is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

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

When registering a property, the guideline value ensures that the government receives the appropriate revenue based on the property's assessed worth. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for T.C.Township?

The current guideline value for T.C.Township is Rs 1,430 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From 2017 to 2024, the guideline value has increased by 64%, with a notable rise of 10% from 2023 to 2024.

What is the land classification for T.C.Township?

T.C.Township is classified as Residential Special Type - I under the land classification system.

Where can I find the Sub Registrar Office for T.C.Township?

The Padappai Sub Registrar Office covers T.C.Township and is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated in T.C.Township?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.