Guideline Value for T.V.S.NAGAR ANNEX 1 TO 3

T.V.S.Nagar Annex 1 To 3 guideline value

The current guideline value for T.V.S.Nagar Annex 1 To 3 is Rs 3,300 per sq.ft. This area is located in Korattur village and falls under the Villivakkam SRO. The land classification for this region is Residential Special Type - III.

How the guideline value of T.V.S.Nagar Annex 1 To 3 has changed

Over the years, the guideline value of T.V.S.Nagar Annex 1 To 3 has seen significant changes. In 2007, the guideline value was Rs 375 per sq.ft, which increased dramatically to Rs 3,000 per sq.ft in 2012, marking a 700% increase. However, there was a decrease to Rs 2,010 per sq.ft in 2017, which represented a 33% decline. The value then rose to Rs 3,000 per sq.ft in 2023, and currently stands at Rs 3,300 per sq.ft from the 2024 revision, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, there has been a substantial increase of 780%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median value for these streets is Rs 2,500 per sq.ft, and T.V.S.Nagar Annex 1 To 3's 2024 figure is above this median.

• T.V.S.Nagar Annex: Rs 3,300 per sq.ft (2024)
• T.V.S.Nagar Annex 2nd Cross Street: Rs 3,300 per sq.ft (2024)
• T.V.S.Nagar Avenue: Rs 3,300 per sq.ft (2024)
• T.V.S.Nagar East Annex / Streets: Rs 3,300 per sq.ft (2024)
• T.V.S.Nagar Extension: Rs 3,300 per sq.ft (2024)
• T.V.S.Nagar Part (East North): Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in T.V.S.Nagar Annex 1 To 3

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is essential 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 information.

Which Sub Registrar Office covers T.V.S.Nagar Annex 1 To 3?

The Sub Registrar Office that covers T.V.S.Nagar Annex 1 To 3 is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more details.

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

The guideline value plays a crucial role when buying or selling property in Korattur. It serves as a reference point for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers should be aware that the guideline value is set by the government and is subject to periodic revisions.

When registering a property, the guideline value is used to calculate the applicable charges, ensuring that both parties are aware of the financial obligations involved. It is important to consult the latest guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for T.V.S.Nagar Annex 1 To 3?

The current guideline value for T.V.S.Nagar Annex 1 To 3 is Rs 3,300 per sq.ft as per the 2024 revision.

How much has the guideline value changed since 2007?

Since 2007, the guideline value has increased by 780%, rising from Rs 375 per sq.ft to Rs 3,300 per sq.ft in 2024.

What was the guideline value in 2017?

The guideline value for T.V.S.Nagar Annex 1 To 3 in 2017 was Rs 2,010 per sq.ft.

Which office do I need to visit for property registration in T.V.S.Nagar Annex 1 To 3?

You need to visit the Villivakkam Sub Registrar Office located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 for property registration in T.V.S.Nagar Annex 1 To 3.

How is the stamp duty calculated for properties in T.V.S.Nagar Annex 1 To 3?

The stamp duty for properties in T.V.S.Nagar Annex 1 To 3 is calculated at 7% of the guideline value or the sale price, whichever is higher.