Guideline Value

Corporate

Guideline Value for T.V.K. NAGAR MAIN ROAD

₹1870/sq.ft.

The guideline value for T.v.k. Nagar Main Road in Thundalam village (Chennai South Joint I SRO, Chennai zone) is Rs 1870 per sq.ft, effective 1 July 2024. It was Rs 1700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thundalam

Village

Chennai South Joint I

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹1870 /sq.ft.
From 1-4-2023 ₹1700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1139 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1700 /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 Road

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T.V.K. Nagar Main Road guideline value

The current guideline value of T.V.K. Nagar Main Road, located in Thundalam village, is Rs 1,870 per sq.ft, effective from 1 July 2024. This area falls under the Chennai South Joint I SRO and is classified as Residential Class IV Type - I.

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

The guideline value for T.V.K. Nagar Main Road has undergone several revisions over the years. The 2012 revision set the value at Rs 1,700 per sq.ft, which then dropped to Rs 1,139 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 1,700 per sq.ft, and the most recent 2024 revision further increased it to Rs 1,870 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2017 to 2023, there was a significant increase of 49%, followed by a 10% increase from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 10% despite the decrease observed between 2012 and 2017.

Guideline values in Thundalam

In Thundalam, there are 97 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,870 per sq.ft, which is equal to the guideline value of T.V.K. Nagar Main Road.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value would be Rs 18,70,000. The stamp duty at 7% would amount to Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, making the total fees Rs 1,68,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

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

The Sub Registrar Office that covers T.V.K. Nagar Main Road 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. 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 in the registration process of property transactions in Thundalam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the higher value between the guideline value and the sale price is taken into account for calculating these fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of T.V.K. Nagar Main Road is Rs 1,870 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2023 to Rs 1,870 per sq.ft in 2024, marking a 10% increase. It was Rs 1,139 per sq.ft in 2017, which reflects a 49% increase from that year to 2023.

What are the stamp duty and registration fees for property in T.V.K. Nagar Main Road?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot at the current rate, the total fees would be Rs 1,68,300.

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

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

How does the guideline value affect property transactions?

The guideline value is used to calculate the stamp duty and registration fees when buying or selling property. The fees are based on the higher value between the guideline value and the sale price during the registration process.