Guideline Value for T.V.K. Nagar Connection

T.V.K. Nagar Connection guideline value

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

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

The guideline value for T.V.K. Nagar Connection has seen several revisions over the years. The 2017 revision set the value at Rs 1,273 per sq.ft, which increased to Rs 1,900 per sq.ft in the 2023 revision. The most recent revision in 2024 has raised the guideline value to Rs 2,090 per sq.ft, marking a 10% increase from the previous year. Notably, the overall increase from 2017 to 2024 is 64%.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The 2024 value of Rs 2,090 per sq.ft is equal to the median guideline value for the 164 streets in Noombal under the Kunrathur SRO.

Guideline values in Noombal

Noombal village has a range of guideline values from Rs 1,100 to Rs 6,500 per sq.ft as per the 2024 revision. The median value is Rs 2,090 per sq.ft, which is the same as the guideline value for T.V.K. Nagar Connection.

• T.V.K. Nagar Annexe: 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 Connection

For a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft, the total guideline value amounts to Rs 20,90,000. The stamp duty at 7% would be Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, bringing the total cost for these fees to Rs 1,88,100. 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 precise calculations.

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

The T.V.K. Nagar Connection falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Noombal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the applicable taxes, ensuring that both the buyer and seller are aware of the financial implications of the sale. The registration office relies on this value to maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value for T.V.K. Nagar Connection?

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

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,273 per sq.ft in 2017 to Rs 2,090 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

What is the registration office for T.V.K. Nagar Connection?

The registration office for T.V.K. Nagar Connection is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total cost of Rs 1,88,100 for these fees.

What other streets have the same guideline value in Noombal?

Other streets in Noombal that share the same guideline value of Rs 2,090 per sq.ft include T.V.K. Nagar Annexe and T.V.K. Nagar Sangavathy Ammal Avenue.