Guideline Value for T.K.B.NAGAR

T.K.B.Nagar guideline value

The current guideline value of T.K.B.Nagar is Rs 1,900 per sq.ft, effective from 1 July 2024. This area is located in Thiruvottiyur village and falls under the Thiruvottiyur SRO. The land classification for this street is Residential Class I Type - III.

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

The guideline value for T.K.B.Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 500 per sq.ft, which increased significantly to Rs 1,800 per sq.ft in 2012. This marked a 260% increase. However, the value decreased to Rs 1,206 per sq.ft in 2017, reflecting a 33% decline. From 2017 to 2023, the guideline value rose sharply by 49% to Rs 1,800 per sq.ft, and then increased again to Rs 1,900 per sq.ft in the 2024 revision, marking a 6% rise.

The revisions for the years 2002 and 2003 do not have any figures recorded for this street. Overall, from 2007 to 2024, the guideline value has increased by 280%.

Guideline values in Thiruvottiyur

In Thiruvottiyur, there are 177 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 8,600 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value for T.K.B.Nagar is below this median.

• T.K.S.Nagar: Rs 1,500 per sq.ft (2024)
• Thuppuravu Paniyalar Kudiyruppu(Sathiyamoorthi Nagar): Rs 2,150 per sq.ft (2024)
• Thulukkana Naicken Street: Rs 3,700 per sq.ft (2024)
• Thiyagi Sathiyamorthi Nagar: Rs 2,800 per sq.ft (2024)
• Thiyagarayapuram: Rs 2,800 per sq.ft (2024)
• Thiryagarajan Street: Rs 3,700 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, totaling Rs 1,71,000. 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 details.

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

The Sub Registrar Office that covers T.K.B.Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Thiruvottiyur. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

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

The current guideline value of T.K.B.Nagar is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,900 per sq.ft in 2024, showing an overall increase of 280% over the years.

What are the stamp duty and registration fees for T.K.B.Nagar?

For a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000 and the registration fee would be Rs 38,000, totaling Rs 1,71,000.

Which office handles registrations for T.K.B.Nagar?

The Thiruvottiyur Sub Registrar Office handles registrations for T.K.B.Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the land classification for T.K.B.Nagar?

The land classification for T.K.B.Nagar is Residential Class I Type - III.