Guideline Value for T.S.R AVENUE

T.S.R Avenue guideline value

The current guideline value of T.S.R Avenue, located in Mannivakkam village under the Gooduvancheri SRO, is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - III.

How the guideline value of T.S.R Avenue has changed

The guideline value of T.S.R Avenue has seen several revisions over the years. In the 2012 revision, the value was Rs 1,200 per sq.ft. This figure remained unchanged in the 2017 revision, where it dropped to Rs 804 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 1,200 per sq.ft in the 2023 revision, followed by a further increase to Rs 1,320 per sq.ft in the 2024 revision, reflecting a 10% rise from the previous year.

Overall, from 2012 to 2024, the guideline value for T.S.R Avenue has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mannivakkam

In Mannivakkam, there are 118 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 4,300 per sq.ft. The median value for these streets is Rs 1,215 per sq.ft, placing T.S.R Avenue's 2024 figure above this median.

• TVH TITANIUM CITY 168,169/1part,184/2A2,2A3,2A4,184/13: Rs 3,300 per sq.ft (2024)
• Tvh Titanium City-Phase -II: Rs 4,110 per sq.ft (2024)
• Tvh Titanium Cty: Rs 2,640 per sq.ft (2024)
• Thiruvengadam Nagar: Rs 990 per sq.ft (2024)
• Valajabad Road: Rs 1,650 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in T.S.R Avenue

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, bringing the total to Rs 1,18,800. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers T.S.R Avenue?

The Sub Registrar Office that covers T.S.R Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Mannivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. It is important to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of T.S.R Avenue?

The current guideline value of T.S.R Avenue 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 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification of T.S.R Avenue?

T.S.R Avenue is classified as Residential Special Type - III, indicating its use for residential purposes.

What are the stamp duty and registration fees for property in T.S.R Avenue?

For a 1,000 sq.ft plot, the total guideline value is Rs 13,20,000. The stamp duty is Rs 92,400, and the registration fee is Rs 26,400, totaling Rs 1,18,800.

Which Sub Registrar Office covers T.S.R Avenue?

The Gooduvancheri Sub Registrar Office covers T.S.R Avenue, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.