Guideline Value

Corporate

Guideline Value for T.V.K.Nagar

₹2750/sq.ft.

The guideline value for T.v.k.nagar in Maduravoyal village (Virugambakkam SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Maduravoyal

Village

Virugambakkam

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹102 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹93 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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T.V.K.Nagar guideline value

The current guideline value of T.V.K.Nagar, located in Maduravoyal village under the Virugambakkam SRO, is Rs 2,750 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class IV Type - I land classification.

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

The guideline value for T.V.K.Nagar has seen several revisions over the years. The earliest recorded figure is Rs 93 per sq.ft from 2002, which increased to Rs 102 per sq.ft in 2003, marking a 10% rise. The value then jumped significantly to Rs 300 per sq.ft in 2007, reflecting a 194% increase. In 2012, the guideline value was Rs 2,500 per sq.ft, showing a substantial increase of 733% from the previous revision. However, in 2017, it decreased to Rs 1,675 per sq.ft, a drop of 33%.

From 2017 to 2023, the guideline value increased to Rs 2,500 per sq.ft, which is a 49% rise. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, representing a 10% increase from the previous year. There are no figures recorded for the years not mentioned in this summary.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO with a 2024 guideline value range from Rs 2,200 to Rs 6,050 per sq.ft. The median value for these streets is Rs 3,050 per sq.ft, which means T.V.K.Nagar's 2024 figure is below that median.

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 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

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

The T.V.K.Nagar area is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor in property transactions in Maduravoyal. It serves as a base for calculating stamp duty and registration fees when a property is bought or sold. Buyers and sellers should be aware that the guideline value can influence the overall cost of the transaction.

When registering a property, the guideline value is used to determine the official value of the property, which is critical for legal and financial purposes. It is advisable to consult the latest guideline values to ensure accurate calculations during property transactions.

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 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 93 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting significant fluctuations over the years.

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

The registration office for T.V.K.Nagar is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

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

Stamp duty for properties in T.V.K.Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher.

Where can I find more information about stamp duty and registration fees?

For more information, you can use the stamp duty and registration fee calculator available online.