Guideline Value for TIDEL PARK

Tidel Park guideline value

The current guideline value of Tidel Park, located in Thiruvanmiyur village, is Rs 12,650 per sq.ft as per the 2024 revision, effective from 1 July 2024. This property falls under the Chennai South Joint I SRO and is classified as Residential Special Type - I.

How the guideline value of Tidel Park has changed

Over the years, the guideline value of Tidel Park has seen significant changes. The earliest recorded value in 2002 was Rs 1,208 per sq.ft, which rose to Rs 1,337 per sq.ft in 2003, marking an increase of 11%. The value then surged dramatically to Rs 12,000 per sq.ft in 2007, reflecting an increase of 798%. However, it slightly decreased to Rs 11,500 per sq.ft in 2012, a reduction of 4%. The value remained the same in 2012 and 2023 at Rs 11,500 per sq.ft before increasing to Rs 12,650 per sq.ft in 2024, a rise of 10%.

From 2017 to 2023, the guideline value increased by 49%, moving from Rs 7,705 per sq.ft in 2017 to Rs 11,500 per sq.ft in 2023. Overall, from 2002 to 2024, the guideline value has increased by 947%.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft, with a median value of Rs 9,900 per sq.ft. Tidel Park's 2024 guideline value of Rs 12,650 per sq.ft is above the median for the area.

• Tiger Varadhachariar Road: Rs 11,000 per sq.ft (2024)
• T.Munusamy Maistry Street: Rs 9,900 per sq.ft (2024)
• T.N.H.B Ext: Rs 3,520 per sq.ft (2024)
• T.N.H.B. Road: Rs 3,520 per sq.ft (2024)
• Thiruveethiamman Koil 3rd Street / Extn: Rs 3,520 per sq.ft (2024)
• Thiruveethiamman Koil 2nd Street: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Tidel Park

For a 1,000 sq.ft plot at the current guideline value of Rs 12,650 per sq.ft, the total guideline value amounts to Rs 1,26,50,000. The stamp duty at 7% would be Rs 8,85,500, and the registration fee at 2% would be Rs 2,53,000, making the total cost for these fees Rs 11,38,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Tidel Park?

The Sub Registrar Office that covers Tidel Park is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Thiruvanmiyur. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately in the public register.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Tidel Park?

The current guideline value of Tidel Park is Rs 12,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,208 per sq.ft in 2002 to Rs 12,650 per sq.ft in 2024, reflecting an overall increase of 947% over this period.

What are the stamp duty and registration fees for Tidel Park?

For a property of 1,000 sq.ft at the current guideline value, the total stamp duty and registration fees would amount to Rs 11,38,500.

Which Sub Registrar Office is responsible for Tidel Park?

The Chennai South Joint I Sub Registrar Office is responsible for Tidel Park, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the median guideline value in Thiruvanmiyur?

The median guideline value in Thiruvanmiyur is Rs 9,900 per sq.ft, while Tidel Park's value is above this median at Rs 12,650 per sq.ft.