Guideline Value for T.V.S. Fathima Street

T.V.S. Fathima Street guideline value

The current guideline value of T.V.S. Fathima Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Naravarikuppam village under the Redhills SRO, classified as Residential Special Type - I.

How the guideline value of T.V.S. Fathima Street has changed

The guideline value for T.V.S. Fathima Street has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, it then decreased to Rs 1,340 per sq.ft in 2017. The value rose again to Rs 2,000 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 2,200 per sq.ft.

Between these revisions, the changes were notable. From 2007 to 2012, there was a remarkable increase of 300%. However, from 2012 to 2017, the value decreased by 33%. The value then increased by 49% from 2017 to 2023, and from 2023 to 2024, it rose by 10%. Overall, from 2007 to 2024, the guideline value has increased by 340%. The register has no figure for T.V.S. Fathima Street for the years 2002 and 2003.

Guideline values in Naravarikuppam

In Naravarikuppam, there are 112 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft, with a median value of Rs 1,650 per sq.ft. T.V.S. Fathima Street's 2024 figure of Rs 2,200 per sq.ft is above this median.

• T.V.S. Nagar: Rs 2,200 per sq.ft (2024)
• Vallalar Nagar Street: Rs 2,200 per sq.ft (2024)
• Vallimayil Market City: Rs 2,210 per sq.ft (2024)
• Thirvalluvar Street: Rs 1,650 per sq.ft (2024)
• Thiru.Vi.Ka. Street: Rs 3,300 per sq.ft (2024)
• Venu Gopal Swamy Koil Street: Rs 1,650 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers T.V.S. Fathima Street?

The Sub Registrar Office that covers T.V.S. Fathima Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions within Naravarikuppam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration regulations.

During the registration process, the guideline value helps calculate the applicable stamp duty and registration fees. It is crucial for both parties to be aware of the guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

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

The current guideline value of T.V.S. Fathima Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, with various increases and decreases in between.

What is the registration office for T.V.S. Fathima Street?

The registration office for T.V.S. Fathima Street is the Redhills Sub Registrar Office, located on Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in T.V.S. Fathima Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at 7%.

What are the other streets with similar guideline values in Naravarikuppam?

Other streets in Naravarikuppam with similar guideline values include T.V.S. Nagar and Vallalar Nagar Street, both at Rs 2,200 per sq.ft in 2024.