Guideline Value for T.K. Bose Nagar

T.K. Bose Nagar guideline value

The current guideline value of T.K. Bose Nagar, located in Puzhal village under the Redhills SRO, is Rs 1,102 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of T.K. Bose Nagar has changed

The guideline value of T.K. Bose Nagar has undergone several revisions over the years. In 2003, the value was Rs 60 per sq.ft, which increased to Rs 200 per sq.ft in 2007. Following that, the value saw a significant rise to Rs 700 per sq.ft in 2012. However, it decreased to Rs 469 per sq.ft in 2017. The 2023 revision marked a notable increase to Rs 1,000 per sq.ft, and the latest revision in 2024 brought it to Rs 1,102 per sq.ft. The overall change from 2003 to 2024 is an increase of 1,737%.

From 2017 to 2023, there was a substantial increase of 113%. The revision from 2012 to 2017 saw a decrease of 33%, while the jump from 2007 to 2012 was 250%. The increase from 2003 to 2007 was 233%. It is important to note that the register has no figure for T.K. Bose Nagar for the year 2002.

Guideline values in Puzhal

Puzhal village has a total of 270 streets under the Redhills SRO, with the 2024 guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value is Rs 1,102 per sq.ft, which is equal to the current guideline value of T.K. Bose Nagar.

• T.K.S. Nagar: Rs 1,102 per sq.ft (2024)
• Thiyagi Sankaralinganar Nadar Street: Rs 1,100 per sq.ft (2024)
• Thiyagi Chinnaswamy Street: Rs 1,650 per sq.ft (2024)
• Thiru.Vi.Ka. Street: Rs 1,650 per sq.ft (2024)
• Thiru.Vi.Ka. 1st Street: Rs 1,650 per sq.ft (2024)
• Thiruveethiamman Koil Street: Rs 1,650 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,102 per sq.ft, the total guideline value amounts to Rs 11,02,000. The stamp duty at 7% would be Rs 77,140, and the registration fee at 2% would be Rs 22,040, bringing the total to Rs 99,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers T.K. Bose Nagar?

The Sub Registrar Office that covers T.K. Bose Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Puzhal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory charges that must be paid at the time of registration. This ensures transparency in property transactions and helps in maintaining accurate records of property ownership.

Frequently asked questions

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

The current guideline value of T.K. Bose Nagar is Rs 1,102 per sq.ft as per the 2024 revision, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 60 per sq.ft in 2003 to Rs 1,102 per sq.ft in 2024, marking an overall increase of 1,737% over these years.

What are the stamp duty and registration fees for property in T.K. Bose Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 11,02,000. The stamp duty is Rs 77,140, and the registration fee is Rs 22,040, totaling Rs 99,180.

Which Sub Registrar Office covers T.K. Bose Nagar?

The Redhills Sub Registrar Office covers T.K. Bose Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum value for property registration, which in turn influences the stamp duty and registration fees that must be paid during a transaction. This ensures transparency and accuracy in property ownership records.