Guideline Value for T.V.K. Nagar Annexe

T.V.K. Nagar Annexe guideline value

The current guideline value of T.V.K. Nagar Annexe in Noombal village is Rs 2,090 per sq.ft, effective from 1 July 2024. This area falls under the Kunrathur SRO and is classified as Residential Special Type - I.

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

The guideline value for T.V.K. Nagar Annexe has seen significant changes over the years. In the 2003 revision, the guideline value was Rs 170 per sq.ft. This increased to Rs 1,273 per sq.ft in 2017, marking a substantial rise of 649%. The value continued to grow, reaching Rs 1,900 per sq.ft in 2023, which was a 49% increase from the previous revision. The most recent revision in 2024 set the guideline value at Rs 2,090 per sq.ft, reflecting a 10% increase from 2023.

It is important to note that there are no figures available for the revisions in 2002, 2007, and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 1129%.

Guideline values in Noombal

Noombal village has a total of 164 streets under the Kunrathur SRO, with guideline values for 2024 ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median guideline value is Rs 2,090 per sq.ft, which is the same as the current value for T.V.K. Nagar Annexe.

• T.V.K. Nagar Connection: Rs 2,090 per sq.ft (2024)
• T.V.K. Nagar: Rs 2,090 per sq.ft (2024)
• T.V.K. Nagar Sangavathy Ammal Avenue: Rs 2,090 per sq.ft (2024)
• Thiruverkadu Co-op Nagar Phase VI: Rs 2,420 per sq.ft (2024)
• Thiruverkadu Co-op Nagar Phase V: Rs 2,420 per sq.ft (2024)
• Thiruverkadu Co-op Nagar Phase IV: Rs 2,420 per sq.ft (2024)

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

For a property in T.V.K. Nagar Annexe, a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft would have a guideline value of Rs 20,90,000. The stamp duty at 7% would amount to Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, bringing the total to Rs 1,88,100. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers T.V.K. Nagar Annexe?

The T.V.K. Nagar Annexe falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Noombal. It is the benchmark used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value is considered alongside the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of T.V.K. Nagar Annexe is Rs 2,090 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 170 per sq.ft in 2003 to Rs 2,090 per sq.ft in 2024, marking an overall increase of 1129% over this period.

What are the stamp duty and registration fees for properties in T.V.K. Nagar Annexe?

For a 1,000 sq.ft plot, the stamp duty would be Rs 1,46,300 and the registration fee would be Rs 41,800, totaling Rs 1,88,100 based on the current guideline value.

Which office handles registrations for T.V.K. Nagar Annexe?

The Kunrathur Sub Registrar Office is responsible for handling registrations in T.V.K. Nagar Annexe, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for T.V.K. Nagar Annexe?

T.V.K. Nagar Annexe is classified as Residential Special Type - I, indicating its designated use for residential purposes.