Guideline Value

Corporate

Guideline Value for T.T.K. Nagar 1st Cross Street

₹2530/sq.ft.

The guideline value for T.t.k. Nagar 1st Cross Street in Irumpuliyur village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 2530 per sq.ft, effective 1 July 2024. It was Rs 2300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Irumpuliyur

Village

Tambaram Joint 1

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2530 /sq.ft.
From 1-4-2023 ₹2300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1541 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2300 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on T.t.k. Nagar 1st Cross Street

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T.T.K. Nagar 1st Cross Street guideline value

The current guideline value of T.T.K. Nagar 1st Cross Street is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Irumpuliyur village and falls under the Tambaram Joint 1 SRO, classified as Residential Special Type - I.

How the guideline value of T.T.K. Nagar 1st Cross Street has changed

The guideline value for T.T.K. Nagar 1st Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,300 per sq.ft, which was later revised to Rs 1,541 per sq.ft in 2017. This marked a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 2,300 per sq.ft. The most recent revision in 2024 brought the value up to Rs 2,530 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the guideline register has no figures for the years 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, with guideline values ranging from Rs 880 to Rs 6,600 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing T.T.K. Nagar 1st Cross Street's 2024 figure above this median.

Stamp duty and registration fee for property in T.T.K. Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, resulting in a total cost of Rs 2,27,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers T.T.K. Nagar 1st Cross Street?

The Sub Registrar Office that covers T.T.K. Nagar 1st Cross Street is 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 plays a crucial role in the registration process when buying or selling property in Irumpuliyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair price.

When a buyer and seller agree on a sale price, the registration office will assess the higher of the guideline value or the sale price to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of T.T.K. Nagar 1st Cross Street?

The current guideline value of T.T.K. Nagar 1st Cross Street is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2023 to Rs 2,530 per sq.ft in 2024, which is a 10% increase. From 2017 to 2023, it increased by 49% from Rs 1,541 per sq.ft.

What is the land classification for T.T.K. Nagar 1st Cross Street?

T.T.K. Nagar 1st Cross Street is classified as Residential Special Type - I. This classification indicates the intended use of the land for residential purposes.

Where can I find the registration office for T.T.K. Nagar 1st Cross Street?

The registration office covering T.T.K. Nagar 1st Cross Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 25,30,000, the stamp duty would be calculated at 7% of that amount.