Guideline Value for TEAK HAVEN

Teak Haven guideline value

The current guideline value of Teak Haven is Rs 4,105 per sq.ft, effective from 1 July 2024. This area is located in Chennerkuppam village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Teak Haven has changed

The guideline value for Teak Haven has seen significant changes over the years. The 2017 revision set the value at Rs 2,500 per sq.ft, which was a notable figure at that time. However, with the 2024 revision, the guideline value increased to Rs 4,105 per sq.ft, marking a substantial rise of 64% from the previous revision.

It is important to note that there are no recorded figures for the years 2023, 2012, 2007, 2003, and 2002 for this street. The only available figures are from the 2017 and 2024 revisions, highlighting the significant increase in the guideline value over this period.

Guideline values in Chennerkuppam

In Chennerkuppam, there are 74 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,895 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, placing Teak Haven's 2024 figure above this median.

• Thangavel Nagar: Rs 1,430 per sq.ft (2024)
• S.V. Nagar: Rs 2,090 per sq.ft (2024)
• Suresh Avenue: Rs 2,249 per sq.ft (2024)
• Subramaniya Swamy Koil Street: Rs 1,430 per sq.ft (2024)
• Sri Sakunthalanagar: Rs 1,430 per sq.ft (2024)
• Thiruverkadu Co-operative Nagar PhaseIII&Part1,2: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Teak Haven

For a 1,000 sq.ft plot at the current guideline value of Rs 4,105 per sq.ft, the total guideline value amounts to Rs 41,05,000. The stamp duty at 7% would be Rs 2,87,350, and the registration fee at 2% would be Rs 82,100, bringing the total fees together to Rs 3,69,450. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Teak Haven?

Teak Haven is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, in the Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Chennerkuppam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the registration process.

Additionally, the guideline value serves as a benchmark for property pricing in the area, ensuring that transactions are conducted transparently and fairly according to government regulations.

Frequently asked questions

What is the current guideline value of Teak Haven?

The current guideline value of Teak Haven is Rs 4,105 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 2,500 per sq.ft to Rs 4,105 per sq.ft, which is a rise of 64%.

Are there any years without a recorded guideline value for Teak Haven?

Yes, the register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for Teak Haven.

What is the median guideline value for streets in Chennerkuppam?

The median guideline value for streets in Chennerkuppam is Rs 1,540 per sq.ft, which is below Teak Haven's current guideline value.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more details by following the provided link.