Guideline Value for T.V.K. NAGAR PERUMAL KOIL 2ND STREET

T.V.K. Nagar Perumal Koil 2nd Street guideline value

The current guideline value for T.V.K. Nagar Perumal Koil 2nd Street is Rs 1,870 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 IV Type - I.

How the guideline value of T.V.K. Nagar Perumal Koil 2nd Street has changed

The guideline value for T.V.K. Nagar Perumal Koil 2nd Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,700 per sq.ft. This figure remained until the 2017 revision, which saw a decrease to Rs 1,139 per sq.ft. However, the value significantly increased to Rs 1,700 per sq.ft in the 2023 revision, and then rose again to Rs 1,870 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. 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 carry a 2024 guideline value, ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median value is Rs 1,870 per sq.ft, which is equal to the 2024 figure for T.V.K. Nagar Perumal Koil 2nd Street.

• T.V.K. Nagar Perumal Koil 1st Street: Rs 1,870 per sq.ft (2024)
• T.V.K. Nagar Perumal Koil 3rd Street: Rs 1,870 per sq.ft (2024)
• T.V.K. Nagar Main Vth Street: Rs 1,980 per sq.ft (2024)
• T.V.K. Nagar Perumal Koil Street: Rs 1,870 per sq.ft (2024)
• T.V.K. Nagar Main Vith Street: Rs 1,980 per sq.ft (2024)
• T.V.K. Nagar Main Viith Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in T.V.K. Nagar Perumal Koil 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value amounts to Rs 18,70,000. The stamp duty at 7% would be Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, making the total cost for these fees Rs 1,68,300. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers T.V.K. Nagar Perumal Koil 2nd Street?

The Sub Registrar Office that covers T.V.K. Nagar Perumal Koil 2nd 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. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Thundalam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are payable at the time of registration.

When buying or selling property, it is essential to be aware of the guideline value, as it can affect the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for T.V.K. Nagar Perumal Koil 2nd Street?

The current guideline value for T.V.K. Nagar Perumal Koil 2nd Street is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2012 to Rs 1,139 per sq.ft in 2017, then to Rs 1,700 per sq.ft in 2023, and finally to Rs 1,870 per sq.ft in 2024.

What is the land classification for T.V.K. Nagar Perumal Koil 2nd Street?

The land classification for T.V.K. Nagar Perumal Koil 2nd Street is Residential Class IV Type - I.

Where is the Sub Registrar Office for this street located?

The Sub Registrar Office for T.V.K. Nagar Perumal Koil 2nd Street is 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. The rates are typically 7% for stamp duty and 2% for the registration fee.