Guideline Value for TAMIL NADU HOUSING BOARD

Tamil Nadu Housing Board guideline value

The current guideline value for the Tamil Nadu Housing Board in Periyakuppam village is Rs 879 per sq.ft, effective from 1 July 2024. This property falls under the Tiruvallur Joint 1 SRO and is classified as Residential Special Type - IV.

How the guideline value of Tamil Nadu Housing Board has changed

The guideline value for this area has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 800 per sq.ft, and the most recent 2024 revision raised it further to Rs 879 per sq.ft.

In terms of percentage changes, the value increased by 10% from 2023 to 2024. There was a significant rise of 49% from 2017 to 2023, while the value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Periyakuppam

Periyakuppam village has a total of 105 streets under the Tiruvallur Joint 1 SRO, with guideline values ranging from Rs 550 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, indicating that the current value of Rs 879 per sq.ft for this street is below the median.

• Swetha Garden: Rs 879 per sq.ft (2024)
• Swathi 3'rd Street: Rs 550 per sq.ft (2024)
• Swathi 2'nd Street: Rs 550 per sq.ft (2024)
• Swathi 1'st Street: Rs 550 per sq.ft (2024)
• Thalamuthu Natarajan Street: Rs 1,100 per sq.ft (2024)
• Thantai Peiyar Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Tamil Nadu Housing Board

For a 1,000 sq.ft plot at the current rate of Rs 879 per sq.ft, the guideline value amounts to Rs 8,79,000. The stamp duty at 7% would be Rs 61,530, and the registration fee at 2% would be Rs 17,580, bringing the total to Rs 79,110. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Tamil Nadu Housing Board?

The Tamil Nadu Housing Board is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Periyakuppam. It determines the amount of stamp duty and registration fees that need to be paid, ensuring that transactions are conducted at a fair value as per government regulations.

When a property is sold, the guideline value serves as a benchmark for calculating taxes, and it is essential for both buyers and sellers to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value in Periyakuppam?

The current guideline value in Periyakuppam is Rs 879 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, with the most recent increase of 10% from Rs 800 per sq.ft in 2023 to Rs 879 per sq.ft in 2024. There was also a significant rise of 49% from 2017 to 2023.

What is the land classification for properties in this area?

The land classification for properties in Periyakuppam under the Tamil Nadu Housing Board is Residential Special Type - IV.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions in Tamil Nadu is 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Where can I find the Sub Registrar Office for Periyakuppam?

The Sub Registrar Office covering Periyakuppam is the Tiruvallur Joint 1 SRO, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.