Guideline Value for T.V.K. NAGAR PERUMAL KOIL 3RD STREET

T.V.K. Nagar Perumal Koil 3rd Street guideline value

The current guideline value for T.V.K. Nagar Perumal Koil 3rd Street is Rs 1,870 per sq.ft, effective from 1 July 2024. This street is located in Thundalam village under the Chennai South Joint I SRO, classified as Residential Class IV Type - I.

How the guideline value of T.V.K. Nagar Perumal Koil 3rd Street has changed

The guideline value for T.V.K. Nagar Perumal Koil 3rd Street has seen several revisions over the years. In 2012, the value was set at Rs 1,700 per sq.ft, which then decreased to Rs 1,139 per sq.ft in 2017. This marked a decline of 33%. However, by 2023, the value had increased significantly to Rs 1,700 per sq.ft, and it further rose to Rs 1,870 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The revisions for the years 2002, 2003, and 2007 do not have any figures listed for this street in the register.

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 current guideline value of T.V.K. Nagar Perumal Koil 3rd Street.

• T.V.K. Nagar Perumal Koil 2nd Street: Rs 1,870 per sq.ft (2024)
• T.V.K. Nagar Perumal Koil Street: Rs 1,870 per sq.ft (2024)
• T.V.K. Nagar Perumal Koil 1st 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 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 3rd Street

For a 1,000 sq.ft plot at the current rate, the 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, totaling 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers T.V.K. Nagar Perumal Koil 3rd Street?

The T.V.K. Nagar Perumal Koil 3rd Street falls under 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 the registration of property transactions in Thundalam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the higher value between the guideline value and the sale price 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 Perumal Koil 3rd Street?

The current guideline value for T.V.K. Nagar Perumal Koil 3rd 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 increased to Rs 1,700 per sq.ft in 2023, and finally to Rs 1,870 per sq.ft in 2024.

What are the other streets in Thundalam with the same guideline value?

Other streets in Thundalam with the same guideline value of Rs 1,870 per sq.ft include T.V.K. Nagar Perumal Koil 2nd Street, T.V.K. Nagar Perumal Koil Street, and T.V.K. Nagar Perumal Koil 1st Street.

What is the registration fee for property transactions?

The registration fee is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 18,70,000, the registration fee would be Rs 37,400 at 2%.

Where can I find more information about the Sub Registrar Office?

The Sub Registrar Office covering T.V.K. Nagar Perumal Koil 3rd Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find more information by visiting the official website.