Guideline Value

Corporate

Guideline Value for T.T.K. Nagar 2nd Road

₹2750/sq.ft.

The guideline value for T.t.k. Nagar 2nd Road in Peerklankaranai village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Peerklankaranai

Village

Tambaram Joint 1

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /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 2nd Road

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T.T.K. Nagar 2nd Road guideline value

The current guideline value of T.T.K. Nagar 2nd Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of T.T.K. Nagar 2nd Road has changed

The guideline value for T.T.K. Nagar 2nd Road has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, which is an increase from Rs 2,500 per sq.ft in 2023, reflecting a change of +10%. Prior to that, the 2017 revision recorded a value of Rs 1,675 per sq.ft, marking a significant increase of +49% to the 2023 figure. The 2012 revision also noted a value of Rs 2,500 per sq.ft, which was a decrease of -33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by +10%.

It is important to note that there are no recorded figures for T.T.K. Nagar 2nd Road in the revisions for the years 2002, 2003, and 2007. This means that the guideline values for these years are not available in the register.

Guideline values in Peerklankaranai

In Peerklankaranai village, there are 322 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, making the 2024 guideline value for T.T.K. Nagar 2nd Road, at Rs 2,750 per sq.ft, notably above the median.

Stamp duty and registration fee for property in T.T.K. Nagar 2nd Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total fees together Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or 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 2nd Road?

The T.T.K. Nagar 2nd Road is covered by 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 Peerklankaranai

The guideline value plays a crucial role in property transactions in Peerklankaranai, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership.

Additionally, the guideline value serves as a reference point for buyers and sellers during negotiations. It ensures that both parties have a clear understanding of the property's worth based on official valuations, helping to facilitate a smoother transaction process.

Frequently asked questions

What is the current guideline value for T.T.K. Nagar 2nd Road?

The current guideline value for T.T.K. Nagar 2nd Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024, a +10% increase. It was Rs 1,675 per sq.ft in 2017 and Rs 2,500 per sq.ft in 2012.

What are the other streets with the same guideline value in Peerklankaranai?

Other streets in Peerklankaranai with the same guideline value of Rs 2,750 per sq.ft for 2024 include T.T.K.Nagar 2nd Main Road, T.T.K. Nagar 2rd cross Road, T.T.K. Nagar 3rd cross Road, T.T.K. Nagar 1st Road, T.T.K.Nagar 3rd Main Road, and T.T.K.Nagar 1st Main Road.

What fees are associated with buying property in T.T.K. Nagar 2nd Road?

When buying property in T.T.K. Nagar 2nd Road, the stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees amount to Rs 2,47,500.

Which office should I contact for registration in T.T.K. Nagar 2nd Road?

The registration for T.T.K. Nagar 2nd Road is handled by the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059.