Guideline Value for T.T.K. Nagar 3rd Road

T.T.K. Nagar 3rd Road guideline value

The current guideline value of T.T.K. Nagar 3rd Road is Rs 2,750 per sq.ft. This property is located in Peerklankaranai village under the Tambaram Joint 1 SRO, classified as Residential Special Type - II.

How the guideline value of T.T.K. Nagar 3rd Road has changed

The guideline value for T.T.K. Nagar 3rd Road has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,500 per sq.ft in the 2023 revision, and the latest 2024 revision has set the current value at Rs 2,750 per sq.ft.

From 2017 to 2023, there was a notable increase of 49%. The transition from 2023 to 2024 saw a 10% rise. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft. The median value is Rs 1,650 per sq.ft, placing T.T.K. Nagar 3rd Road's 2024 figure above this median.

• T.T.K.Nagar 3rd Main Road: Rs 2,750 per sq.ft (2024)
• T.T.K. Nagar 4rd cross Road: Rs 2,750 per sq.ft (2024)
• T.T.K. Nagar 3rd cross Road: Rs 2,750 per sq.ft (2024)
• T.T.K. Nagar 4th Main Road Ext: Rs 2,750 per sq.ft (2024)
• T.T.K. Nagar 2rd cross Road: Rs 2,750 per sq.ft (2024)
• T.T.K. Nagar Extn: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in T.T.K. Nagar 3rd Road

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value totals Rs 27,50,000. The stamp duty at 7% amounts to Rs 1,92,500, and the registration fee at 2% is Rs 55,000, bringing the total to Rs 2,47,500. Duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers T.T.K. Nagar 3rd Road?

The T.T.K. Nagar 3rd Road 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 Peerklankaranai

The guideline value is a crucial factor in the registration of property transactions in Peerklankaranai. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of real estate.

When registering a property, the buyer must pay the stamp duty based on the higher of the guideline value or the actual sale price. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of T.T.K. Nagar 3rd Road?

The current guideline value of T.T.K. Nagar 3rd Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the land classification of T.T.K. Nagar 3rd Road?

T.T.K. Nagar 3rd Road is classified as Residential Special Type - II.

What is the stamp duty rate for properties in T.T.K. Nagar 3rd Road?

The stamp duty rate for properties in T.T.K. Nagar 3rd Road is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for T.T.K. Nagar 3rd Road?

The Sub Registrar Office covering T.T.K. Nagar 3rd Road is the Tambaram Joint 1 SRO, located at No.26, Mes Road, East Tambaram, Chennai-600059.