Guideline Value for T.V.Srinivasan Street

T.V.Srinivasan Street guideline value

The current guideline value of T.V.Srinivasan Street is Rs 830 per sq.ft, effective from 1 July 2024. This street is located in Agaramthen village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - II.

How the guideline value of T.V.Srinivasan Street has changed

The guideline value for T.V.Srinivasan Street has undergone several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which was then reduced to Rs 502 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 750 per sq.ft in the 2023 revision, and finally, it rose to Rs 830 per sq.ft in the 2024 revision, marking an 11% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 11%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Agaramthen

Agaramthen village has a total of 125 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 3,700 per sq.ft. The median guideline value is Rs 830 per sq.ft, which is equal to the current value of T.V.Srinivasan Street.

• T.V.Lakshmipathi Street: Rs 830 per sq.ft (2024)
• Tiana Sky City Extension -III: Rs 3,450 per sq.ft (2024)
• Tiana Sky City Extension II - EGK Street: Rs 2,310 per sq.ft (2024)
• Tiana Sky City Extension-I: Rs 3,500 per sq.ft (2024)
• Tiana Sky City: Rs 3,300 per sq.ft (2024)
• Vallalar Street: Rs 830 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 830 per sq.ft, the total guideline value amounts to Rs 8,30,000. The stamp duty at 7% would be Rs 58,100, and the registration fee at 2% would be Rs 16,600, bringing the total cost for these fees to Rs 74,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers T.V.Srinivasan Street?

The Sub Registrar Office that covers T.V.Srinivasan Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor during the registration of property transactions in Agaramthen. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these charges are based on a standard valuation rather than the negotiated sale price, if higher.

Frequently asked questions

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

The current guideline value of T.V.Srinivasan Street is Rs 830 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then increased to Rs 750 per sq.ft in 2023, and finally to Rs 830 per sq.ft in 2024.

What is the median guideline value in Agaramthen?

The median guideline value in Agaramthen is Rs 830 per sq.ft, which is the same as the current guideline value for T.V.Srinivasan Street.

What are the stamp duty and registration fees for a property on T.V.Srinivasan Street?

For a 1,000 sq.ft property, the stamp duty would be Rs 58,100 and the registration fee would be Rs 16,600, totaling Rs 74,700.

Which office handles property registrations for T.V.Srinivasan Street?

The Tambaram Joint 1 Sub Registrar Office handles property registrations for T.V.Srinivasan Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.