Guideline Value for T.S.R.NAGAR

T.S.R.Nagar guideline value

The current guideline value for T.S.R.Nagar, located in Thiruvottiyur village under the Thiruvottiyur SRO, is Rs 3,700 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Special Type - II.

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

The guideline value for T.S.R.Nagar has undergone several revisions over the years. The earliest recorded figure is from 2002, which was Rs 330 per sq.ft. This increased to Rs 546 per sq.ft in 2003, marking a 65% rise. In 2007, the value further increased to Rs 800 per sq.ft, a 47% increase. The 2012 revision saw a significant jump to Rs 3,400 per sq.ft, reflecting a 325% increase. However, in 2017, the value decreased to Rs 2,278 per sq.ft, showing a 33% decline. The subsequent revisions saw an upward trend, with the 2023 figure at Rs 3,400 per sq.ft, and the latest revision in 2024 set it at Rs 3,700 per sq.ft, representing a 9% increase from the previous year.

Guideline values in Thiruvottiyur

In Thiruvottiyur, there are 177 streets under the Thiruvottiyur SRO that have a 2024 guideline value ranging from Rs 1,300 to Rs 8,600 per sq.ft. The median value is Rs 3,300 per sq.ft, placing T.S.R.Nagar's 2024 guideline value above this median.

• T.S. Gopal Nagar -II: Rs 1,500 per sq.ft (2024)
• T.S. Gopal Nagar-1: Rs 3,300 per sq.ft (2024)
• T.V.K. Street: Rs 3,300 per sq.ft (2024)
• T.K.S.Nagar: Rs 1,500 per sq.ft (2024)
• T.K.B.Nagar: Rs 1,900 per sq.ft (2024)
• Thuppuravu Paniyalar Kudiyruppu(Sathiyamoorthi Nagar): Rs 2,150 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,700 per sq.ft, the total guideline value would be Rs 37,00,000. The stamp duty at 7% would amount to Rs 2,59,000, and the registration fee at 2% would be Rs 74,000, bringing the total cost to Rs 3,33,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

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

T.S.R.Nagar falls under the jurisdiction of the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

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

When a property is registered, the authorities will assess the guideline value to ensure that the correct fees are applied. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

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

The current guideline value of T.S.R.Nagar is Rs 3,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 330 per sq.ft in 2002 to Rs 3,700 per sq.ft in 2024, reflecting an overall increase of 1021%.

What is the land classification for T.S.R.Nagar?

The land classification for T.S.R.Nagar is Mixed Special Type - II, indicating its varied uses and potential for development.

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated for properties in T.S.R.Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, on a property valued at Rs 37,00,000, the stamp duty would be Rs 2,59,000 at a rate of 7%.