Guideline Value for TNHB

Tnhb guideline value

The current guideline value for Tnhb in Kadaperi village is Rs 1,100 per sq.ft, effective from 1 July 2024. This area falls under the Tambaram Joint 1 SRO and is classified as Residential Class II Type - I.

How the guideline value of Tnhb has changed

The guideline value for Tnhb has undergone several revisions over the years. The earliest available figure is from 2012, where the value was Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in 2017. However, in 2023, the value increased to Rs 1,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 1,100 per sq.ft.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. The value then saw a 10% increase from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kadaperi

In Kadaperi, there are 142 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 880 to Rs 7,700 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value for Tnhb is below this median.

• T.P. Sanatorium Ist Main Road: Rs 1,650 per sq.ft (2024)
• Thomas West Street: Rs 1,650 per sq.ft (2024)
• Thomas Street: Rs 3,300 per sq.ft (2024)
• Thomas South Street: Rs 1,650 per sq.ft (2024)
• Thiru-vi-ka Ist Street: Rs 1,320 per sq.ft (2024)
• Thiru-vi-ka 3rd Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Tnhb

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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 more details.

Which Sub Registrar Office covers Tnhb?

The Tnhb area 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kadaperi. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price.

When a property is registered, the guideline value ensures that the transaction is documented at a fair value, helping to maintain transparency in property dealings. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value for Tnhb?

The current guideline value for Tnhb in Kadaperi is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Tnhb?

Tnhb is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property in Tnhb?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles registrations for Tnhb?

The Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, handles registrations for Tnhb.