Guideline Value for T.T.K Street

T.T.K Street guideline value

The current guideline value of T.T.K Street in Thiruvallur village, under the Tiruvallur Joint 1 SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class I Type - III.

How the guideline value of T.T.K Street has changed

The guideline value for T.T.K Street has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 200 per sq.ft. This value increased significantly to Rs 1,000 per sq.ft in 2012. However, in 2017, it decreased to Rs 670 per sq.ft. The value then rose sharply to Rs 1,000 per sq.ft in 2023, before reaching the current rate of Rs 1,100 per sq.ft in 2024, marking a 10% increase from the previous year.

In summary, from 2007 to 2024, the guideline value has increased by 450%. The register has no figures for T.T.K Street for the years 2002 and 2003.

Guideline values in Thiruvallur

Thiruvallur village has a total of 172 streets under the Tiruvallur Joint 1 SRO, with guideline values ranging from Rs 550 to Rs 3,850 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, which aligns with the current value of T.T.K Street.

• T.V.K Street: Rs 1,100 per sq.ft (2024)
• U.V Saminthaiyyer Street: Rs 1,100 per sq.ft (2024)
• Vaishnavi Nagar: Rs 1,650 per sq.ft (2024)
• Thulasi nagar: Rs 1,650 per sq.ft (2024)
• Thomoorar Street: Rs 1,650 per sq.ft (2024)
• Vallalar Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in T.T.K Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, resulting in a total of Rs 99,000. 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.T.K Street?

The Sub Registrar Office that covers T.T.K Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Thiruvallur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing a property. The higher of the guideline value and the sale price is considered for calculating these fees.

When selling a property, the guideline value helps establish a baseline for the property's worth in the eyes of the registration authorities. It ensures that the transaction is recorded accurately and that the appropriate taxes are levied, maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of T.T.K Street?

The current guideline value of T.T.K Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, showing a significant increase over the years.

What is the land classification of T.T.K Street?

T.T.K Street is classified as Residential Class I Type - III under the current guidelines.

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

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Where can I find the Sub Registrar Office for T.T.K Street?

The Sub Registrar Office for T.T.K Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.