Guideline Value for T.T.K NAGAR EXTN

T.T.K Nagar Extn guideline value

The current guideline value for T.T.K Nagar Extn in Irumpuliyur village is Rs 2,200 per sq.ft, effective from 1 July 2024. This area falls under the Tambaram Joint 1 SRO and is classified as Residential Special Type - II.

How the guideline value of T.T.K Nagar Extn has changed

In 2012, the guideline value for T.T.K Nagar Extn was Rs 2,000 per sq.ft. This figure remained the same until the 2017 revision, which saw a decrease to Rs 1,340 per sq.ft. Following this, the value increased significantly to Rs 2,000 per sq.ft in 2023, marking a 49% rise from the 2017 figure. The latest revision in 2024 has set the guideline value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which is equal to the current value for T.T.K Nagar Extn.

• T.T.K. Nagar 2nd Street: Rs 1,650 per sq.ft (2024)
• T.T.K.Nagar 2-nd Main Road: Rs 2,200 per sq.ft (2024)
• T.T.K. Nagar 2nd Cross Street: Rs 2,530 per sq.ft (2024)
• T.T.K.Nagar 1-st Main Road: Rs 2,200 per sq.ft (2024)
• T.T.K. Nagar 1st Cross Street: Rs 2,530 per sq.ft (2024)
• Uma Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in T.T.K Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is 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.K Nagar Extn?

The T.T.K Nagar Extn falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Irumpuliyur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property registration. Accurate knowledge of these values can help in budgeting for the overall expenses during a property transaction.

Frequently asked questions

What is the current guideline value of T.T.K Nagar Extn?

The current guideline value of T.T.K Nagar Extn is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What are the stamp duty and registration fees for property in T.T.K Nagar Extn?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers T.T.K Nagar Extn?

The Tambaram Joint 1 Sub Registrar Office covers T.T.K Nagar Extn, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification of T.T.K Nagar Extn?

T.T.K Nagar Extn is classified as Residential Special Type - II under the guideline value register.