Guideline Value for T.N.H.B.

T.N.H.B. guideline value

The current guideline value for T.N.H.B., located in Mylapore village under the Mylapore SRO, is Rs 7,100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class IV Type - III.

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

The guideline value for T.N.H.B. has undergone several revisions over the years. Starting from the 2002 revision, the value was set at Rs 1,383 per sq.ft. This increased to Rs 1,536 per sq.ft in 2003, followed by a stable value of Rs 1,540 per sq.ft in 2007. In 2012, the value rose significantly to Rs 6,500 per sq.ft, but then decreased to Rs 4,355 per sq.ft in 2017. The most recent revision in 2024 shows a substantial increase to Rs 7,100 per sq.ft.

Overall, from the 2002 revision to the 2024 revision, the guideline value has increased by 413%. Notably, there is no figure available for the year 2023 for this street.

Guideline values in Mylapore

The Mylapore SRO has a total of 883 streets with guideline values ranging from Rs 3,300 to Rs 25,800 per sq.ft as of 2024. The median guideline value in this area is Rs 8,800 per sq.ft, placing T.N.H.B.'s current value below this median.

• Thulukkana Thottam 3rd Street: Rs 3,300 per sq.ft (2024)
• Thulukkana Thottam 2nd Street: Rs 3,300 per sq.ft (2024)
• Thulukkana Thottam 1st Street: Rs 3,300 per sq.ft (2024)
• Thulukkana Thottam: Rs 3,300 per sq.ft (2024)
• Thondaikan Makkan 3rd Lane: Rs 3,300 per sq.ft (2024)
• Thondaikan Makkan 2nd Lane: Rs 3,300 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, while the registration fee at 2% would be Rs 1,42,000. Together, the total cost for stamp duty and registration would be Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers T.N.H.B. is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Mylapore. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, which are calculated based on this value.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. The guideline value ensures that property transactions are transparent and standardized across the region.

Frequently asked questions

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

The current guideline value for T.N.H.B. is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,383 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 413% over the years.

What is the stamp duty rate for properties in T.N.H.B.?

The stamp duty rate for properties in T.N.H.B. is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for T.N.H.B.?

The Sub Registrar Office for T.N.H.B. is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

What are the guideline values for other streets in Mylapore?

Other streets in Mylapore have guideline values ranging from Rs 3,300 to Rs 25,800 per sq.ft, with the median being Rs 8,800 per sq.ft. T.N.H.B.'s value is below this median.