Guideline Value for T.T.C. Garden

T.T.C. Garden guideline value

The current guideline value of T.T.C. Garden, located in Thalakanancherry village, under the Alandur SRO, is Rs 4,400 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - II land classification.

How the guideline value of T.T.C. Garden has changed

Over the years, the guideline value for T.T.C. Garden has seen several revisions. The earliest recorded figure is from 2007, which was Rs 1,700 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 135%. However, the value decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. The most recent figures show a rise to Rs 4,000 per sq.ft in 2023, followed by an increase to Rs 4,400 per sq.ft in 2024, reflecting a change of 10% from the previous year.

To summarize the changes: from 2017 to 2023, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 159%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 3,900 per sq.ft, placing T.T.C. Garden above this median.

• Ullagaram Street: Rs 4,400 per sq.ft (2024)
• Union carbide Colony: Rs 4,400 per sq.ft (2024)
• T.N.G.O. Colony Main Road: Rs 4,400 per sq.ft (2024)
• T.N.G.O. Colony Main: Rs 4,400 per sq.ft (2024)
• T.N.G.O. Colony 7th Street: Rs 4,400 per sq.ft (2024)
• T.N.G.O. Colony 6th Main Road: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in T.T.C. Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty charged at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It's 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.T.C. Garden?

The Sub Registrar Office that covers T.T.C. Garden is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Thalakanancherry. It serves as a benchmark for determining the minimum value of a property, ensuring that all transactions are registered at a fair price.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of ownership. This ensures transparency and uniformity in property transactions within the region.

Frequently asked questions

What is the current guideline value of T.T.C. Garden?

The current guideline value of T.T.C. Garden is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 159% over the years.

What is the land classification of T.T.C. Garden?

T.T.C. Garden is classified as Residential Class I Type - II, which indicates its suitability for residential development.

What are the stamp duty and registration fees for properties in T.T.C. Garden?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher.

Which office handles property registration for T.T.C. Garden?

The Alandur Sub Registrar Office handles property registration for T.T.C. Garden, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.