Guideline Value for T.V.K.Nagar 3rd st ( Ward No.13 )

T.V.K.Nagar 3rd st ( Ward No.13 ) guideline value

The current guideline value for T.V.K.Nagar 3rd st ( Ward No.13 ) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of T.V.K.Nagar 3rd st ( Ward No.13 ) has changed

The guideline value for T.V.K.Nagar 3rd st has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which decreased to Rs 1,005 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and then further to Rs 1,600 per sq.ft in the 2024 revision, marking a 7% increase from the previous year.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has risen by 7%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with the 2024 guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median value is Rs 1,600 per sq.ft, which aligns with the current guideline value of T.V.K.Nagar 3rd st ( Ward No.13 ).

• T.V.K.Nagar 4th st ( Ward No.13 ): Rs 1,600 per sq.ft (2024)
• T.V.K.Nagar 5th st ( Ward No.13 ): Rs 1,600 per sq.ft (2024)
• T.V.K.Nagar 6th st ( Ward No.13 ): Rs 1,600 per sq.ft (2024)
• T.V.K. 6th cross st ( Ward No.13 ): Rs 1,600 per sq.ft (2024)
• T.V.K. 6th Cross Street (Ward-12): Rs 1,600 per sq.ft (2024)
• T.V.K. 2nd st ( Ward No.12 ): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in T.V.K.Nagar 3rd st ( Ward No.13 )

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 16,00,000. The stamp duty is charged at 7%, which totals Rs 1,12,000, and the registration fee is 2%, amounting to Rs 32,000. Together, the total fees would be Rs 1,44,000. It is important to note that 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 details.

Which Sub Registrar Office covers T.V.K.Nagar 3rd st ( Ward No.13 )?

The Sub Registrar Office that covers T.V.K.Nagar 3rd st ( Ward No.13 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

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

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is documented according to the current market standards set by the Registration Department.

Frequently asked questions

What is the current guideline value for T.V.K.Nagar 3rd st?

The current guideline value for T.V.K.Nagar 3rd st ( Ward No.13 ) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What is the land classification for T.V.K.Nagar 3rd st?

T.V.K.Nagar 3rd st ( Ward No.13 ) is classified as Residential Class II Type - I.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in T.V.K.Nagar 3rd st?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a total fee of Rs 1,44,000, including stamp duty and registration fees.