Guideline Value for T.N.H.B (WARD -8)

T.N.H.B (Ward -8) guideline value

The current guideline value for T.N.H.B (Ward -8) in Panangottur village is Rs 1,320 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint II SRO and is classified as Residential Special Type - V.

How the guideline value of T.N.H.B (Ward -8) has changed

The guideline value for T.N.H.B (Ward -8) has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. However, this was followed by a significant increase to Rs 1,200 per sq.ft in the 2023 revision, and the current value is Rs 1,320 per sq.ft as per the 2024 revision, reflecting a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 990 per sq.ft, indicating that the 2024 guideline value for T.N.H.B (Ward -8) is above this median.

• Town Centre M.M.Nagar (Ward -3): Rs 1,760 per sq.ft (2024)
• Thulukkanathamman Koil Street (Ward -18): Rs 660 per sq.ft (2024)
• Thriuvalluvar Street (Village Colony) (Kr): Rs 440 per sq.ft (2024)
• Udaiyar Street Ninnakkarai (Ward -19): Rs 660 per sq.ft (2024)
• Udaiyar Street (Ward -18): Rs 550 per sq.ft (2024)
• Thondaiman Street (Ward -5): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in T.N.H.B (Ward -8)

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, making the total cost for these fees 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.

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

Which Sub Registrar Office covers T.N.H.B (Ward -8)?

The T.N.H.B (Ward -8) area is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Panangottur

The guideline value is a crucial factor when registering property in Panangottur. It determines 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 serves as a reference point for both the buyer and seller. It is essential to be aware of the current guideline value to ensure compliance with registration requirements and to accurately calculate the associated fees.

Frequently asked questions

What is the current guideline value for T.N.H.B (Ward -8)?

The current guideline value for T.N.H.B (Ward -8) 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 2023 to Rs 1,320 per sq.ft in 2024, reflecting a 10% increase. It was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012.

What is the classification of land in T.N.H.B (Ward -8)?

The land in T.N.H.B (Ward -8) is classified as Residential Special Type - V.

What are the stamp duty and registration fees for property in T.N.H.B (Ward -8)?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a plot valued at Rs 13,20,000, the total fees would be Rs 1,18,800.

Which office handles property registrations in T.N.H.B (Ward -8)?

The Chengleput Joint II Sub Registrar Office handles property registrations for T.N.H.B (Ward -8), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.