Guideline Value for T.V. NAGAR

T.V. Nagar guideline value

The current guideline value of T.V. Nagar is Rs 2,900 per sq.ft, effective from 1 July 2024. This area is located in Chitthalapakkam village and falls under the Selaiyur SRO. The land classification for this street is Industries Type - I.

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

The guideline value of T.V. Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 2,700 per sq.ft, which was then reduced to Rs 1,809 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,700 per sq.ft, and the most recent 2024 revision has set it at Rs 2,900 per sq.ft, marking a 7% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, the guideline value has increased by 7%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chitthalapakkam

In Chitthalapakkam, there are 107 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 5,000 per sq.ft. The median value for these streets is Rs 2,900 per sq.ft, which is equal to the guideline value of T.V. Nagar.

• Thulukkanathamman Koil Street: Rs 2,900 per sq.ft (2024)
• Valluvar Nagar: Rs 2,900 per sq.ft (2024)
• Varadharaja Perumal Koil Street: Rs 2,900 per sq.ft (2024)
• Thirumurugan Nagar: Rs 2,700 per sq.ft (2024)
• Vasiyam Garden: Rs 3,300 per sq.ft (2024)
• Thirumalai Nagar: Rs 2,700 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,900 per sq.ft, the total guideline value amounts to Rs 29,00,000. The stamp duty, charged at 7%, would be Rs 2,03,000, while the registration fee at 2% would be Rs 58,000. Together, these fees amount to Rs 2,61,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers T.V. Nagar?

The Sub Registrar Office that covers T.V. Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process for property transactions in Chitthalapakkam. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers need to pay when completing a sale.

When a property is bought or sold, the guideline value helps ensure that the transaction is registered at a value that reflects the official pricing set by the government. This process aids in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of T.V. Nagar?

The current guideline value of T.V. Nagar is Rs 2,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,700 per sq.ft in 2023 to Rs 2,900 per sq.ft in 2024, reflecting a 7% increase. The value has also seen significant changes from Rs 1,809 per sq.ft in 2017 to Rs 2,700 per sq.ft in 2023.

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

The land classification for T.V. Nagar is Industries Type - I, indicating its designated use within the area.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for properties in T.V. Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 29,00,000, the stamp duty at 7% would amount to Rs 2,03,000.