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Guideline Value

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Guideline Value for T.V.K. NAGAR MAIN 1ST STREET

₹1980/sq.ft.

The guideline value for T.v.k. Nagar Main 1st Street in Thundalam village (Chennai South Joint I SRO, Chennai zone) is Rs 1980 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thundalam

Village

Chennai South Joint I

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1980 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on T.v.k. Nagar Main 1st Street

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T.V.K. Nagar Main 1st Street guideline value

The current guideline value of T.V.K. Nagar Main 1st Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Thundalam village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of T.V.K. Nagar Main 1st Street has changed

Over the years, the guideline value for T.V.K. Nagar Main 1st Street has seen several revisions. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, up from Rs 1,800 per sq.ft in 2023, marking a 10% increase. Prior to that, in 2017, the value was Rs 1,206 per sq.ft, which represents a significant increase of 49% to the 2023 figure. The 2012 revision also recorded a figure of Rs 1,800 per sq.ft, showing a decrease of 33% from the 2017 figure.

The overall change from the 2012 revision to the 2024 revision is a 10% increase, reflecting the evolving property landscape in the area. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thundalam

In Thundalam, there are 97 streets under the Chennai South Joint I SRO that have a guideline value for 2024, ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,870 per sq.ft, placing T.V.K. Nagar Main 1st Street's 2024 figure above this median.

Stamp duty and registration fee for property in T.V.K. Nagar Main 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, while the registration fee at 2% would be Rs 39,600. Together, the total cost for stamp duty and registration fee would be Rs 1,78,200. 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.K. Nagar Main 1st Street?

The T.V.K. Nagar Main 1st Street is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Thundalam. It serves as the basis for calculating the stamp duty and registration fees that are payable during the registration process. Buyers and sellers must ensure that the transaction reflects the guideline value to comply with legal requirements.

When a property transaction is registered, the guideline value helps determine the minimum value on which stamp duty is calculated. This ensures that the government receives the appropriate revenue from property transactions, reflecting the current market conditions as assessed by the registration department.

Frequently asked questions

What is the current guideline value of T.V.K. Nagar Main 1st Street?

The current guideline value of T.V.K. Nagar Main 1st Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2023 to Rs 1,980 per sq.ft in 2024. It was Rs 1,206 per sq.ft in 2017, and Rs 1,800 per sq.ft in 2012.

What is the land classification for T.V.K. Nagar Main 1st Street?

The land classification for T.V.K. Nagar Main 1st Street is Residential Class III Type - I.

Which Sub Registrar Office handles registrations for this street?

The Chennai South Joint I Sub Registrar Office handles registrations for T.V.K. Nagar Main 1st Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated for properties in Thundalam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 19,80,000 would incur a stamp duty of Rs 1,38,600 at a rate of 7%.