Guideline Value for T.R.C Nagar

T.R.C Nagar guideline value

The current guideline value of T.R.C Nagar, located in Sriperumbudur A village under the Sriperumpudur SRO, is Rs 700 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class III Type - I land classification.

How the guideline value of T.R.C Nagar has changed

The guideline value for T.R.C Nagar has remained consistent at Rs 700 per sq.ft since the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 469 per sq.ft. There are no figures available for the revisions in 2012, 2007, 2003, and 2002 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase remains at 49%, as the value has not changed from 2023 to 2024.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value is Rs 700 per sq.ft, which is equal to the current guideline value for T.R.C Nagar.

• True value Homes: Rs 700 per sq.ft (2024)
• Titti Vasal Street: Rs 1,200 per sq.ft (2024)
• Tirumangai Azhwar Street: Rs 1,800 per sq.ft (2024)
• Vada Pushkarani Street: Rs 700 per sq.ft (2024)
• Thirupathy Nagar: Rs 1,200 per sq.ft (2024)
• Thirumangai Alwar Kulakarai Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in T.R.C Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value is Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, making the total cost Rs 63,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers T.R.C Nagar?

The Sub Registrar Office that covers T.R.C Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Sriperumbudur A. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation rather than fluctuating market prices.

When buying or selling property, it is important to note that the guideline value will be used to determine the applicable duties, which are charged on the higher of the guideline value or the sale price. This ensures transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of T.R.C Nagar?

The current guideline value of T.R.C Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%. The value has remained the same at Rs 700 per sq.ft from 2023 to 2024.

What are the other streets in Sriperumbudur A with similar guideline values?

Other streets in Sriperumbudur A with similar guideline values include True value Homes and Vada Pushkarani Street, both at Rs 700 per sq.ft in 2024.

What fees are associated with purchasing property in T.R.C Nagar?

When purchasing property in T.R.C Nagar, the fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for T.R.C Nagar?

The Sub Registrar Office for T.R.C Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.