Guideline Value for T.K.Chidambaranar St

T.K.Chidambaranar St guideline value

The current guideline value of T.K.Chidambaranar St in Peerklankaranai village is Rs 1,320 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of T.K.Chidambaranar St has changed

The guideline value for T.K.Chidambaranar St has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 804 per sq.ft. Following that, the 2023 revision increased the value to Rs 1,200 per sq.ft, and the latest revision in 2024 raised it to Rs 1,320 per sq.ft.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The change from 2023 to 2024 is an increase of 10%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft, with a median value of Rs 1,650 per sq.ft. T.K.Chidambaranar St's 2024 figure is below this median.

• T.K. Chidambaranathan Street Extension: Rs 1,320 per sq.ft (2024)
• T.T.K. Nagar 1rd cross Road: Rs 2,750 per sq.ft (2024)
• T.T.K.Nagar 1st Main Road: Rs 2,750 per sq.ft (2024)
• T.T.K. Nagar 1st Road: Rs 2,750 per sq.ft (2024)
• T.T.K.Nagar 2nd Main Road: Rs 2,750 per sq.ft (2024)
• T.T.K. Nagar 2nd Road: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in T.K.Chidambaranar St

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, totaling Rs 1,18,800. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers T.K.Chidambaranar St?

The T.K.Chidambaranar St falls under 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 Peerklankaranai

The guideline value is a crucial factor when registering a property in Peerklankaranai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as determined by the government.

Frequently asked questions

What is the current guideline value of T.K.Chidambaranar St?

The current guideline value of T.K.Chidambaranar St is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for T.K.Chidambaranar St?

T.K.Chidambaranar St is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for T.K.Chidambaranar St?

The Sub Registrar Office for T.K.Chidambaranar St is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.

How is the stamp duty calculated for properties in T.K.Chidambaranar St?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot, the total guideline value is Rs 13,20,000, leading to a stamp duty of Rs 92,400.