Guideline Value for T.K. Chetty Street
₹1320/sq.ft.
The guideline value for T.k. Chetty Street in Tambaram village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Tambaram
Village
Tambaram Joint 1
SRO
Residential Class II Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹1320 /sq.ft. |
| From 1-4-2023 | ₹1200 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹804 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹1200 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | ₹400 /sq.ft. |
| From 1-4-2003 To 31-7-2007 | ₹150 /sq.ft. |
| From 1-4-2002 To 31-3-2003 | ₹121 /sq.ft. |
Guideline Value Timeline
Guideline Value Comparison
SRO (Sub Registrar Office)
No.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]
DRO (District Registrar Office)
Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
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[email protected], [email protected]
Records for a plot on T.k. Chetty Street
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Tambaram Joint 1 sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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T.K. Chetty Street guideline value
The current guideline value of T.K. Chetty Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class II Type - I.
How the guideline value of T.K. Chetty Street has changed
The guideline value for T.K. Chetty Street has seen several revisions over the years. In 2002, the guideline value was Rs 121 per sq.ft. This increased to Rs 150 per sq.ft in 2003, marking a 24% rise. The value then saw a significant increase to Rs 400 per sq.ft in 2007, which was a 167% change. In 2012, the value was Rs 1,200 per sq.ft, reflecting a 200% increase from the previous revision. However, in 2017, it dropped to Rs 804 per sq.ft, indicating a decrease of 33%.
From 2017 to 2023, the guideline value increased to Rs 1,200 per sq.ft, which was a 49% rise. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, representing a 10% increase from the previous year. There are no figures available for revisions in years not mentioned in this report.
Guideline values in Tambaram
In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 8,250 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, indicating that T.K. Chetty Street's 2024 figure is below that median.
- Thiruvengada Nagar: Rs 2,200 per sq.ft (2024)
- Thiruvalluvar Street: Rs 1,650 per sq.ft (2024)
- Thiruvalluvarpuram: Rs 2,200 per sq.ft (2024)
- Vadivel Street: Rs 3,300 per sq.ft (2024)
- Vaigai Nagar: Rs 2,200 per sq.ft (2024)
- Vaigai Street: Rs 2,200 per sq.ft (2024)
Stamp duty and registration fee for property in T.K. Chetty Street
For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total cost together to Rs 1,18,800. It is important to note that the 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 detailed calculations.
Which Sub Registrar Office covers T.K. Chetty Street?
The Sub Registrar Office that covers T.K. Chetty Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Tambaram
The guideline value plays a crucial role in the registration process when buying or selling property in Tambaram. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the transaction is recorded at a fair value, preventing undervaluation.
When a buyer and seller agree on a sale price, the guideline value is compared to ensure that the registration fee and stamp duty are calculated correctly. If the sale price is higher than the guideline value, the duty is charged on the sale price instead.
Frequently asked questions
What is the current guideline value of T.K. Chetty Street?
The current guideline value of T.K. Chetty Street is Rs 1,320 per sq.ft, effective from 1 July 2024.
How often does the guideline value change?
The guideline value is revised periodically, with the most recent revisions occurring in 2024, 2023, 2017, 2012, 2007, 2003, and 2002.
What was the guideline value in 2017?
The guideline value of T.K. Chetty Street in 2017 was Rs 804 per sq.ft.
How is stamp duty calculated for properties in T.K. Chetty Street?
Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,320 per sq.ft, the stamp duty would be Rs 92,400.
Where can I find the Sub Registrar Office for T.K. Chetty Street?
The Sub Registrar Office for T.K. Chetty Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.
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