Guideline Value for T.V.Tower Road

T.V.Tower Road guideline value

The current guideline value of T.V.Tower Road in Anumanthaputhari village is Rs 1,655 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint I SRO and is classified as Residential Class I Type - I.

How the guideline value of T.V.Tower Road has changed

The guideline value for T.V.Tower Road has seen several revisions over the years. In 2007, the value was Rs 310 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, it then decreased to Rs 1,005 per sq.ft in 2017. Following this, the value rose to Rs 1,500 per sq.ft in 2023 and finally reached Rs 1,655 per sq.ft in the 2024 revision. The register has no figures for the years 2002 and 2003 for this street.

Between the revisions, the changes were notable. From 2007 to 2012, there was a substantial increase of 384%. However, from 2012 to 2017, the value decreased by 33%. The guideline value then increased by 49% from 2017 to 2023, and from 2023 to 2024, it rose by 10%. Overall, the guideline value has increased by 434% from 2007 to 2024.

Guideline values in Anumanthaputhari

In Anumanthaputhari, there are 11 streets under the Chengleput Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 3,025 per sq.ft, with a median value of Rs 3,025 per sq.ft. The guideline value for T.V.Tower Road is below this median.

• Varadaraj Nagar: Rs 3,025 per sq.ft (2024)
• Varadharaji Nagar: Rs 3,025 per sq.ft (2024)
• Vivekanda Nagar: Rs 1,650 per sq.ft (2024)
• Old Gst Road 2: Rs 3,025 per sq.ft (2024)
• Old Gst Road 1: Rs 3,025 per sq.ft (2024)
• Nadutheru: Rs 3,025 per sq.ft (2024)

Stamp duty and registration fee for property in T.V.Tower Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,655 per sq.ft, the total guideline value would be Rs 16,55,000. The stamp duty at 7% would be Rs 1,15,850, and the registration fee at 2% would be Rs 33,100, totaling Rs 1,48,950. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers T.V.Tower Road?

The Sub Registrar Office that covers T.V.Tower Road is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Anumanthaputhari. It is used to determine the minimum value at which a property can be registered, ensuring that the transaction is documented at a recognized value.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of T.V.Tower Road?

The current guideline value of T.V.Tower Road is Rs 1,655 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 310 per sq.ft in 2007 to Rs 1,655 per sq.ft in 2024, with various increases and decreases in between.

What is the stamp duty for properties on T.V.Tower Road?

The stamp duty for properties on T.V.Tower Road is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for T.V.Tower Road?

The Chengleput Joint I Sub Registrar Office covers T.V.Tower Road, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for T.V.Tower Road?

T.V.Tower Road is classified as Residential Class I Type - I, indicating its suitability for residential development.