Guideline Value for T.T.K.Nagar

T.T.K.Nagar guideline value

The current guideline value of T.T.K.Nagar, located in Pozhichalur village under the Pammal SRO, is Rs 1,100 per sq.ft as per the 2024 revision effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

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

The guideline value for T.T.K.Nagar has seen significant changes over the years. In 2007, the value was set at Rs 300 per sq.ft, which increased to Rs 670 per sq.ft in 2017, marking a rise of 123%. The 2023 revision brought the value to Rs 1,000 per sq.ft, reflecting a 49% increase from the previous revision. The latest revision in 2024 raised the guideline value to Rs 1,100 per sq.ft, a 10% increase from 2023.

There are no figures available for the years 2002, 2003, and 2012 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 267%.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. The guideline value for T.T.K.Nagar is below this median.

• Udhaya Koil Street: Rs 1,100 per sq.ft (2024)
• Thuya Pethuru Street: Rs 1,100 per sq.ft (2024)
• Thomas Street: Rs 1,100 per sq.ft (2024)
• Thiru.Vi.Ka. Street: Rs 1,100 per sq.ft (2024)
• Vachinathan Nagar: Rs 1,320 per sq.ft (2024)
• Vajiravelu Street: Rs 1,100 per sq.ft (2024)

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

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 charges to Rs 99,000. It is important to note that the 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 detailed calculations.

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

The Sub Registrar Office that covers T.T.K.Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

To find your SRO, you can visit this link.

How the guideline value is used when you buy or sell in Pozhichalur

The guideline value is a crucial factor in the registration process when buying or selling property in Pozhichalur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. 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?

The current guideline value of T.T.K.Nagar 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 increased from Rs 300 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 267% over this period.

What is the land classification of T.T.K.Nagar?

T.T.K.Nagar falls under the Residential Class II Type - I land classification.

What are the stamp duty and registration fees for property in T.T.K.Nagar?

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

Which office handles property registrations in T.T.K.Nagar?

The Pammal Sub Registrar Office handles property registrations for T.T.K.Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.