Guideline Value for T.V.K. Link Road East

T.V.K. Link Road East guideline value

The current guideline value of T.V.K. Link Road East is Rs 2,500 per sq.ft, effective from 1 July 2024. This property is located in Erukancherry village, under the Madhavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of T.V.K. Link Road East has changed

The guideline value of T.V.K. Link Road East has undergone several revisions over the years. The 2012 revision set the value at Rs 2,300 per sq.ft, which then decreased to Rs 1,541 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,300 per sq.ft in the 2023 revision, and finally, the current value is Rs 2,500 per sq.ft from the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%, while the change from 2023 to 2024 reflects a 9% rise. Overall, the guideline value has seen a 9% increase from 2012 to 2024. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Erukancherry

In Erukancherry, there are 376 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 3,800 per sq.ft. The median value is Rs 2,500 per sq.ft, which is equal to the current guideline value of T.V.K. Link Road East.

• T.V.K. Link Road 1st Street (Krishnamoorthy Nagar): Rs 2,200 per sq.ft (2024)
• T.V.K. Link Road (Krishnamoorthy Nagar): Rs 2,200 per sq.ft (2024)
• T.V.K. 3rd Link Road (Thiruvalluvar Nagar): Rs 2,500 per sq.ft (2024)
• T.V.K. Nagar 1st Link Road (Thiruvalluvar Nagar): Rs 2,500 per sq.ft (2024)
• T.V.K. Nagar 1st Street (Vivekananda Nagar): Rs 2,500 per sq.ft (2024)
• T.V.K. 2nd Link Road 2nd Lane (Thiruvalluvar Nagar): Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in T.V.K. Link Road East

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 25,00,000. The stamp duty at 7% would be Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, making the total Rs 2,25,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers T.V.K. Link Road East?

The T.V.K. Link Road East falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Erukancherry. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential to be aware of the current guideline value to avoid any discrepancies during the transaction process.

Frequently asked questions

What is the current guideline value of T.V.K. Link Road East?

The current guideline value of T.V.K. Link Road East is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2012 to Rs 1,541 per sq.ft in 2017, then to Rs 2,300 per sq.ft in 2023, and finally to Rs 2,500 per sq.ft in 2024.

What is the land classification for T.V.K. Link Road East?

T.V.K. Link Road East is classified as Residential Class III Type - I.

Where can I find the registration office for T.V.K. Link Road East?

The registration office for T.V.K. Link Road East is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the stamp duty rate for properties in T.V.K. Link Road East?

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