Guideline Value for TIANA SKY CITY

Tiana Sky City guideline value

The current guideline value for Tiana Sky City is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Agaramthen village, under the Tambaram Joint 1 SRO, and is classified as Mixed Special Type - II.

How the guideline value of Tiana Sky City has changed

The guideline value for Tiana Sky City has seen several revisions over the years. In 2017, the guideline value was set at Rs 2,000 per sq.ft. This increased to Rs 3,000 per sq.ft in 2023, reflecting a 50% rise. The most recent revision in 2024 has further increased the value to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 65%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Agaramthen

Agaramthen village has a total of 125 streets under the Tambaram Joint 1 SRO, with 2024 guideline values ranging from Rs 440 to Rs 3,700 per sq.ft. The median value for these streets is Rs 830 per sq.ft, placing Tiana Sky City above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, leading to a total cost of Rs 2,97,000. It is important to note that the 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 Tiana Sky City?

The Sub Registrar Office that covers Tiana Sky City 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 information.

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

The guideline value is a crucial factor when registering property transactions in Agaramthen. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When you buy or sell property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate fees are collected by the government. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Tiana Sky City?

The current guideline value for Tiana Sky City is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 2,000 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, marking a total increase of 65% over this period.

What are the stamp duty and registration fees for properties in Tiana Sky City?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles property registration for Tiana Sky City?

The Tambaram Joint 1 Sub Registrar Office handles property registration for Tiana Sky City, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification for Tiana Sky City?

Tiana Sky City is classified as Mixed Special Type - II, which is relevant for determining its guideline value and usage.