Guideline Value

Corporate

Guideline Value for T.T.K. Nagar Extn

₹2750/sq.ft.

The guideline value for T.t.k. Nagar Extn 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 Extn

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T.T.K. Nagar Extn guideline value

The current guideline value for T.T.K. Nagar Extn in Peerklankaranai village is Rs 2,750 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

Over the years, the guideline value of T.T.K. Nagar Extn has seen several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,675 per sq.ft. The subsequent 2017 revision increased the value to Rs 2,500 per sq.ft, and then it rose significantly to Rs 2,500 per sq.ft in 2023, marking a 49% increase since 2017.

The most recent revision in 2024 has further increased the guideline value to Rs 2,750 per sq.ft, reflecting a 10% rise from the previous year. It's important to note that there are no figures available for the revisions in 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, and T.T.K. Nagar Extn's 2024 figure is notably above this median.

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 2,750 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, resulting in a total of Rs 2,47,500. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

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

The T.T.K. Nagar Extn area 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 is a crucial factor in property transactions in Peerklankaranai. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property sales. Buyers and sellers must consider this value when negotiating sale prices.

When registering a property, the guideline value is used to calculate stamp duty and registration fees. This ensures that the transaction is documented accurately and that the necessary taxes are paid based on the established rates.

Frequently asked questions

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

The current guideline value for T.T.K. Nagar Extn 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 2023 to Rs 2,750 per sq.ft in 2024. It was Rs 1,675 per sq.ft in 2017 and Rs 2,500 per sq.ft in 2012.

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

T.T.K. Nagar Extn is classified as Residential Special Type - II, which indicates its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

Stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate incurs a total of Rs 2,47,500 in fees.

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

The Sub Registrar Office for T.T.K. Nagar Extn is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.