Guideline Value for T.V.K. NAGAR MAIN IIIRD STREET

T.V.K. Nagar Main Iiird Street guideline value

The current guideline value for T.V.K. Nagar Main Iiird 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, classified as Residential Class III Type - I.

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

Over the years, the guideline value for T.V.K. Nagar Main Iiird Street has seen several revisions. The 2012 revision set the value at Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in the 2017 revision. However, the value rebounded significantly in the following revisions, with the 2023 figure rising to Rs 1,800 per sq.ft, and the most recent 2024 revision increasing it to Rs 1,980 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is a modest increase of 10%. The 2024 value reflects a 49% increase from the 2017 revision. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Thundalam

In Thundalam, there are 97 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft, with a median value of Rs 1,870 per sq.ft. The guideline value for T.V.K. Nagar Main Iiird Street is above this median.

• T.V.K. Nagar Main 1st Street: Rs 1,980 per sq.ft (2024)
• T.Vk. Nagar Main Iind Street: Rs 1,870 per sq.ft (2024)
• T.V.K. Nagar Main Ivth Street: Rs 1,980 per sq.ft (2024)
• T.V.K. Nagar Main Road: Rs 1,870 per sq.ft (2024)
• T.V.K. Nagar Main Viith Street: Rs 1,980 per sq.ft (2024)
• T.V.K. Nagar Main Vith Street: Rs 1,980 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600, bringing the total cost for these fees to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers T.V.K. Nagar Main Iiird Street?

The T.V.K. Nagar Main Iiird 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. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Thundalam. It is the benchmark used to determine the stamp duty and registration fees that buyers must pay when purchasing property.

When a property is sold, the guideline value is compared to the sale price, and the higher amount 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 for T.V.K. Nagar Main Iiird Street?

The current guideline value for T.V.K. Nagar Main Iiird 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 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the registration office for T.V.K. Nagar Main Iiird Street?

The registration office for T.V.K. Nagar Main Iiird Street is 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.

What are the stamp duty and registration fees for a property in this area?

The stamp duty for a property valued at Rs 19,80,000 would be Rs 1,38,600, and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

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

The land classification for T.V.K. Nagar Main Iiird Street is Residential Class III Type - I, indicating its designation for residential use.