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

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

The current guideline value of T.V.K. Nagar Perumal Koil 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, classified as Residential Class IV Type - I.

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

Over the years, the guideline value for T.V.K. Nagar Perumal Koil Street has seen several revisions. The 2012 revision set the value at Rs 1,700 per sq.ft, which was then revised to Rs 1,139 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,700 per sq.ft in 2023, and finally, it reached Rs 1,870 per sq.ft in the 2024 revision. Notably, the register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. The most recent change from 2023 to 2024 reflects a 10% increase, leading to an overall increase of 10% from the 2012 revision to the current value in 2024.

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 value is Rs 1,870 per sq.ft, which matches the current guideline value of T.V.K. Nagar Perumal Koil Street.

• T.V.K. Nagar Perumal Koil 3rd Street: Rs 1,870 per sq.ft (2024)
• T.V.K. Nagar Perumal Koil 2nd 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 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 the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers T.V.K. Nagar Perumal Koil 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 plays a crucial role in the registration process when buying or selling property in Thundalam. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from property sales.

When a property is registered, the guideline value is compared to the agreed sale price. The higher of the two values is used to calculate the duties and fees, which are mandatory for completing the registration process.

Frequently asked questions

What is the current guideline value of T.V.K. Nagar Perumal Koil Street?

The current guideline value of T.V.K. Nagar Perumal Koil 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 of T.V.K. Nagar Perumal Koil Street?

T.V.K. Nagar Perumal Koil Street is classified as Residential Class IV Type - I.

What are the stamp duty and registration fees for this street?

For a 1,000 sq.ft plot, the total guideline value is Rs 18,70,000, leading to a stamp duty of Rs 1,30,900 and a registration fee of Rs 37,400, totaling Rs 1,68,300.

Which office handles registrations for this street?

The registrations for T.V.K. Nagar Perumal Koil Street are handled 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.