Guideline Value for T.V.K. Nagar

T.V.K. Nagar guideline value

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

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

The guideline value of T.V.K. Nagar has seen significant changes over the years. In 2003, the guideline value was Rs 181 per sq.ft. This increased to Rs 1,273 per sq.ft in 2017, marking a substantial rise of 603%. The value further increased to Rs 1,900 per sq.ft in 2023, which is a 49% increase from the 2017 revision. The most recent revision in 2024 set the guideline value at Rs 2,090 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2007, and 2012 for this street. Overall, from the 2003 revision to the 2024 revision, the guideline value has increased by 1,055%.

Guideline values in Noombal

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

• T.V.K. Nagar Annexe: Rs 2,090 per sq.ft (2024)
• T.V.K. Nagar Connection: 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

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, resulting in a total of Rs 1,88,100. Please note that the duty is charged on the higher of the guideline value and the sale price.

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

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

The T.V.K. Nagar area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Noombal. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is officially recorded.

When a property is sold, the guideline value is considered to ensure that the appropriate taxes are collected. This helps maintain transparency in property transactions and ensures compliance with local regulations.

Frequently asked questions

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

The current guideline value of T.V.K. Nagar 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 from Rs 181 per sq.ft in 2003 to Rs 2,090 per sq.ft in 2024, reflecting an overall increase of 1,055% over the years.

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

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 20,90,000. The stamp duty is Rs 1,46,300, and the registration fee is Rs 41,800, totaling Rs 1,88,100.

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

The Kunrathur Sub Registrar Office covers T.V.K. Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

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

T.V.K. Nagar is classified as Residential Special Type - I, indicating its designation for residential purposes within the area.