Guideline Value for T.V.K. Street

T.V.K. Street guideline value

The current guideline value of T.V.K. Street in Sirukalathur village, under the Kunrathur SRO, is Rs 550 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

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

The guideline value for T.V.K. Street has seen several revisions over the years. In 2007, the guideline value was Rs 340 per sq.ft. This increased to Rs 500 per sq.ft in 2012, marking a 47% rise. However, it then decreased to Rs 335 per sq.ft in 2017, a drop of 33%. The value rose significantly to Rs 500 per sq.ft in 2023, which was a 49% increase from the previous revision. As of the 2024 revision, the guideline value stands at Rs 550 per sq.ft, reflecting a 10% increase from 2023.

It is important to note that there are no figures available for T.V.K. Street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 62%.

Guideline values in Sirukalathur

In Sirukalathur, there are 32 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 450 to Rs 2,970 per sq.ft. The median guideline value for these streets is Rs 550 per sq.ft, which is equal to the current value of T.V.K. Street.

• Vanavil Avenue: Rs 2,970 per sq.ft (2024)
• Thiruvalluvar Street: Rs 500 per sq.ft (2024)
• Suraj Kudiyiruppu: Rs 500 per sq.ft (2024)
• Sri Sri Srinivasa Perumal Avenue: Rs 1,000 per sq.ft (2024)
• Sri Srinivasa Perumal Avenue: Rs 550 per sq.ft (2024)
• Sri Ranganathan Nagar: Rs 550 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total to Rs 49,500. 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 details.

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

The Sub Registrar Office that covers T.V.K. Street is 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 Sirukalathur

The guideline value is a crucial factor during the registration of property transactions in Sirukalathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a buyer or seller engages in a transaction, the guideline value ensures that the property is registered at a value that reflects its worth according to the local government standards. This helps maintain transparency and legality in property dealings.

Frequently asked questions

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

The current guideline value of T.V.K. Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 340 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, which is an overall increase of 62%.

What are the guideline values of other streets in Sirukalathur?

Other streets in Sirukalathur have varying guideline values, with the highest being Rs 2,970 per sq.ft on Vanavil Avenue and several streets, including T.V.K. Street, at Rs 550 per sq.ft.

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

For a property valued at Rs 5,50,000 on T.V.K. Street, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500.

Which office handles registrations for T.V.K. Street?

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