Guideline Value for TIANA SKY CITY EXTENSION -III

Tiana Sky City Extension -III guideline value

The current guideline value of Tiana Sky City Extension -III is Rs 3,450 per sq.ft, effective from 1 July 2024. This property is located in Agaramthen village, under the Tambaram Joint 1 SRO, and falls under the Residential Special Type - II land classification.

How the guideline value of Tiana Sky City Extension -III has changed

The guideline value for Tiana Sky City Extension -III has undergone several revisions over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 3,135 per sq.ft, which increased by 10% to Rs 3,450 per sq.ft in the 2024 revision.

This increase reflects the changes in the guideline value over the last year. The 2024 figure represents a notable rise from the previous year's value, indicating a shift in the valuation for this street.

Guideline values in Agaramthen

Agaramthen village has a variety of guideline values across its 125 streets, with figures ranging from Rs 440 to Rs 3,700 per sq.ft. The median guideline value in this area is Rs 830 per sq.ft, placing Tiana Sky City Extension -III above this median.

• 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)
• T.V.Lakshmipathi Street: Rs 830 per sq.ft (2024)
• T.V.Srinivasan Street: Rs 830 per sq.ft (2024)
• Vallalar Street: Rs 830 per sq.ft (2024)

Stamp duty and registration fee for property in Tiana Sky City Extension -III

For a 1,000 sq.ft plot at the current guideline value of Rs 3,450 per sq.ft, the total guideline value amounts to Rs 34,50,000. The stamp duty, calculated at 7%, would be Rs 2,41,500, while the registration fee at 2% would be Rs 69,000. Together, these fees total Rs 3,10,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Tiana Sky City Extension -III?

The Tiana Sky City Extension -III is covered by 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 component in the registration process of property transactions in Agaramthen. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it influences the overall costs involved in the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid complications during registration.

Frequently asked questions

What is the current guideline value of Tiana Sky City Extension -III?

The current guideline value of Tiana Sky City Extension -III is Rs 3,450 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

Recently, the guideline value increased from Rs 3,135 per sq.ft in 2023 to Rs 3,450 per sq.ft in 2024, marking a 10% rise.

What is the land classification for Tiana Sky City Extension -III?

Tiana Sky City Extension -III falls under the Residential Special Type - II land classification.

Where can I find the Tambaram Joint 1 Sub Registrar Office?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for properties in Tiana Sky City Extension -III?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 34,50,000, the stamp duty would amount to Rs 2,41,500.