Guideline Value for T.N.H.B EXT

T.N.H.B Ext guideline value

The current guideline value of T.N.H.B Ext is Rs 3,520 per sq.ft, effective from 1 July 2024. This property is located in Thiruvanmiyur village, under the Chennai South Joint I SRO. The land classification for this area is Residential Class V Type - III.

How the guideline value of T.N.H.B Ext has changed

The guideline value for T.N.H.B Ext has undergone several revisions over the years. The 2012 revision set the value at Rs 3,200 per sq.ft, which was then reduced by 33% to Rs 2,144 per sq.ft in the 2017 revision. Following this, the value saw a significant increase of 49%, reaching Rs 3,200 per sq.ft in the 2023 revision. The most recent revision in 2024 has increased the guideline value to Rs 3,520 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thiruvanmiyur

Thiruvanmiyur has a total of 484 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value for these streets is Rs 9,900 per sq.ft, placing T.N.H.B Ext's 2024 figure below this median.

• T.N.H.B. Road: Rs 3,520 per sq.ft (2024)
• T.Munusamy Maistry Street: Rs 9,900 per sq.ft (2024)
• Tiger Varadhachariar Road: Rs 11,000 per sq.ft (2024)
• Tidel Park: Rs 12,650 per sq.ft (2024)
• Vaigai Street: Rs 11,000 per sq.ft (2024)
• Thiruveethiamman Koil 3rd Street / Extn: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in T.N.H.B Ext

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty, charged at 7%, would be Rs 2,46,400, while the registration fee at 2% would be Rs 70,400. Together, these fees amount to Rs 3,16,800. It is important to note that 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.N.H.B Ext?

The T.N.H.B Ext area is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Thiruvanmiyur. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the transaction is registered at a value that reflects the current market conditions as defined by the guideline value register.

Frequently asked questions

What is the current guideline value of T.N.H.B Ext?

The current guideline value of T.N.H.B Ext is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2023 to Rs 3,520 per sq.ft in 2024, reflecting a 10% increase. From 2017 to 2023, it increased by 49%, while it decreased from Rs 3,200 per sq.ft in 2012 to Rs 2,144 per sq.ft in 2017.

What are the stamp duty and registration fees for T.N.H.B Ext?

For a 1,000 sq.ft plot, the total guideline value is Rs 35,20,000. The stamp duty at 7% is Rs 2,46,400, and the registration fee at 2% is Rs 70,400, totaling Rs 3,16,800.

Which Sub Registrar Office covers T.N.H.B Ext?

The Chennai South Joint I Sub Registrar Office covers T.N.H.B Ext, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the land classification for T.N.H.B Ext?

The land classification for T.N.H.B Ext is Residential Class V Type - III, indicating its designation for residential use.