Guideline Value for T.P.O. Street

T.P.O. Street guideline value

The current guideline value of T.P.O. Street is Rs 4,000 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village under the Ambattur SRO, classified as Residential Special Type - II.

How the guideline value of T.P.O. Street has changed

In the 2012 revision, the guideline value was Rs 3,700 per sq.ft. It then decreased to Rs 2,479 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to the 2023 revision, the value increased significantly to Rs 3,700 per sq.ft, which is a rise of 49%. The most recent revision in 2024 has further increased the value to Rs 4,000 per sq.ft, reflecting an 8% increase from the previous year.

It is important to note that there are no figures available for T.P.O. Street in the revisions for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, there has been an increase of 8% in the guideline value.

Guideline values in Ambattur

In Ambattur village, there are 448 streets under the Ambattur SRO, with guideline values ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value for these streets is Rs 3,600 per sq.ft, making T.P.O. Street's 2024 figure above that median.

• Township Street: Rs 4,000 per sq.ft (2024)
• TNHB SriRam Flats (S.No.481/1, 2): Rs 3,600 per sq.ft (2024)
• T.N.H.B. Phase I & II (Residence): Rs 3,600 per sq.ft (2024)
• T.N.H.B. Phase I & II (Commercial): Rs 5,500 per sq.ft (2024)
• T.N.H.B. Phase III: Rs 3,600 per sq.ft (2024)
• T.I. Cycle Road: Rs 6,500 per sq.ft (2024)

Stamp duty and registration fee for property in T.P.O. Street

For a 1,000 sq.ft plot at the current rate of Rs 4,000 per sq.ft, the guideline value amounts to Rs 40,00,000. The stamp duty at 7% would be Rs 2,80,000, and the registration fee at 2% would be Rs 80,000, totaling Rs 3,60,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers T.P.O. Street?

The Sub Registrar Office that covers T.P.O. Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical figure used during the registration of property transactions in Ambattur. It determines the minimum value at which a property can be registered, ensuring that the government receives 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 buyers and sellers. It is essential to consider this value to understand the financial implications of the transaction, including the applicable fees and duties.

Frequently asked questions

What is the current guideline value of T.P.O. Street?

The current guideline value of T.P.O. Street is Rs 4,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,700 per sq.ft in 2023 to Rs 4,000 per sq.ft in 2024, an increase of 8%. It was Rs 2,479 per sq.ft in 2017, which was a decrease from Rs 3,700 per sq.ft in 2012.

What is the land classification for T.P.O. Street?

T.P.O. Street is classified as Residential Special Type - II. This classification affects the guideline value and the types of properties that can be developed in the area.

What are the stamp duty rates for properties in T.P.O. Street?

The stamp duty rate for properties in T.P.O. Street is 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% applicable.

Where can I find the Sub Registrar Office for T.P.O. Street?

The Sub Registrar Office covering T.P.O. Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.