Guideline Value for T.T.K. Street

T.T.K. Street guideline value

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

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

The guideline value of T.T.K. Street has undergone several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, from 2012 to 2017, the value decreased to Rs 670 per sq.ft, representing a decline of 33%. The value then saw a substantial increase to Rs 1,000 per sq.ft in 2023, followed by a further rise to Rs 1,100 per sq.ft in 2024, which is a 10% increase.

There are no figures available for T.T.K. Street in the revisions for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that have a 2024 guideline value ranging from Rs 550 to Rs 3,300 per sq.ft, with the median value being Rs 1,100 per sq.ft. T.T.K. Street's 2024 guideline value aligns with this median.

• Thomurarar Nagar: Rs 879 per sq.ft (2024)
• Vallalar Street: Rs 1,320 per sq.ft (2024)
• Vallal Pari Street: Rs 1,100 per sq.ft (2024)
• Thiru.Vi.Ka.Street: Rs 1,100 per sq.ft (2024)
• Vanjinathan Street: Rs 1,100 per sq.ft (2024)
• Varadha Rajapuram & Varadha Raja Nagar: Rs 1,100 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 amounts to 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, bringing the total cost for these fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers T.T.K. Street?

The T.T.K. Street is covered by 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 Periyakuppam

The guideline value plays a crucial role during property transactions in Periyakuppam. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling a property, it is essential to be aware of the current guideline value to ensure compliance with the legal requirements for registration. This helps in accurately calculating the financial obligations involved in the transaction.

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 seen several changes, starting from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 450%.

Which Sub Registrar Office covers T.T.K. Street?

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

What are the stamp duty and registration fees for properties on T.T.K. Street?

For a property valued at Rs 11,00,000, the stamp duty is Rs 77,000 and the registration fee is Rs 22,000, totaling Rs 99,000.

What is the median guideline value in Periyakuppam?

The median guideline value in Periyakuppam is Rs 1,100 per sq.ft, which is the same as the current guideline value for T.T.K. Street.