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

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

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

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

Looking at the historical revisions, the guideline value for T.V.K. Nagar Main Ivth Street has seen significant changes over the years. The 2012 revision recorded a value of Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in 2017. Following this, the value increased to Rs 1,800 per sq.ft in 2023, and currently stands at Rs 1,980 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no registered 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 in this area is Rs 1,870 per sq.ft, placing T.V.K. Nagar Main Ivth Street's 2024 figure above the median.

• T.Vk. Nagar Main Iind Street: Rs 1,870 per sq.ft (2024)
• T.V.K. Nagar Main Road: Rs 1,870 per sq.ft (2024)
• T.V.K. Nagar Main Iiird Street: Rs 1,980 per sq.ft (2024)
• T.V.K. Nagar Main Viith Street: Rs 1,980 per sq.ft (2024)
• T.V.K. Nagar Main 1st 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 Ivth 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, leading to a total of 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.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

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

The T.V.K. Nagar Main Ivth Street falls under the jurisdiction of 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. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thundalam. It serves as a benchmark for determining the value of the property being registered, ensuring that the transaction is documented at a fair value as per government standards.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government collects the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for T.V.K. Nagar Main Ivth Street?

The current guideline value for T.V.K. Nagar Main Ivth 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 significantly, with the 2012 value at Rs 1,800 per sq.ft, decreasing to Rs 1,206 per sq.ft in 2017, then increasing to Rs 1,800 per sq.ft in 2023, and currently standing at Rs 1,980 per sq.ft in 2024.

What is the median guideline value in Thundalam?

The median guideline value for streets in Thundalam is Rs 1,870 per sq.ft, with T.V.K. Nagar Main Ivth Street's 2024 figure being above this median.

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

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot at the current rate, the total cost would be Rs 1,78,200.

Which office handles registrations for T.V.K. Nagar Main Ivth Street?

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