Guideline Value for T.V.K.Nagar 6th st ( Ward No.13 )

T.V.K.Nagar 6th st ( Ward No.13 ) guideline value

The current guideline value for T.V.K.Nagar 6th st ( Ward No.13 ) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of T.V.K.Nagar 6th st ( Ward No.13 ) has changed

The guideline value for T.V.K.Nagar 6th st has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision increased the guideline value to Rs 1,600 per sq.ft, marking a 7% increase from the previous year.

In summary, the guideline value has seen no change between the 2012 and 2023 revisions, but overall, from 2012 to 2024, there has been a 7% increase. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Madhavaram

The guideline values in Madhavaram range from Rs 1,300 to Rs 7,500 per sq.ft as of the 2024 revision, with a median value of Rs 1,600 per sq.ft. T.V.K.Nagar 6th st's current guideline value aligns with this median.

• T.V.K.Nagar 5th st ( Ward No.13 ): Rs 1,600 per sq.ft (2024)
• T.V.K.Nagar 4th st ( Ward No.13 ): Rs 1,600 per sq.ft (2024)
• T.V.K.Nagar 3rd 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 6th st ( Ward No.13 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers T.V.K.Nagar 6th st ( Ward No.13 )?

The Sub Registrar Office that covers T.V.K.Nagar 6th 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 crucial when registering property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value for T.V.K.Nagar 6th st ( Ward No.13 )?

The current guideline value for T.V.K.Nagar 6th 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 remained at Rs 1,500 per sq.ft from 2012 to 2023, and then increased by 7% to Rs 1,600 per sq.ft in 2024. Overall, from 2012 to 2024, there has been a 7% increase.

What are the stamp duty and registration fees for property in T.V.K.Nagar 6th st?

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000, and the registration fee would be Rs 32,000, totaling Rs 1,44,000.

Which Sub Registrar Office covers T.V.K.Nagar 6th st?

The Madhavaram Sub Registrar Office covers T.V.K.Nagar 6th st ( Ward No.13 ). It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification for T.V.K.Nagar 6th st?

The land classification for T.V.K.Nagar 6th st ( Ward No.13 ) is Residential Class II Type - I.