Guideline Value for TROPICAL TIDES

Tropical Tides guideline value

The current guideline value of Tropical Tides is Rs 1,700 per sq.ft, as per the 2023 revision. This area is located in Muttukadu village and falls under the Thiruporur SRO. The land classification for this property is Residential Class I Type - II.

How the guideline value of Tropical Tides has changed

The guideline value for Tropical Tides has seen several revisions over the years. In the 2012 revision, the guideline value was set at Rs 1,700 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 1,139 per sq.ft, marking a decrease of 33%. However, in the 2023 revision, the guideline value increased significantly to Rs 1,700 per sq.ft, reflecting a 49% rise from the 2017 figure.

Overall, comparing the 2012 and 2023 revisions, the guideline value remains unchanged at Rs 1,700 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Muttukadu

Currently, there are no specific village figures available for Muttukadu. Tropical Tides is one of the streets under the Thiruporur SRO, and there are no other streets in Muttukadu listed with guideline values.

Stamp duty and registration fee for property in Tropical Tides

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty is charged at 7%, resulting in Rs 1,19,000, while the registration fee is 2%, amounting to Rs 34,000. Together, the total cost for stamp duty and registration fee would be Rs 1,53,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Tropical Tides?

The Sub Registrar Office that covers Tropical Tides is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Muttukadu. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value, as it affects the stamp duty and registration fees payable during the transaction.

When a property is sold, the sale price is compared to the guideline value. The higher of the two amounts is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Tropical Tides?

The current guideline value of Tropical Tides is Rs 1,700 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2012 to Rs 1,139 per sq.ft in 2017, and then back to Rs 1,700 per sq.ft in 2023, resulting in a 49% increase from 2017 to 2023.

What is the land classification for Tropical Tides?

The land classification for Tropical Tides is Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the Thiruporur Sub Registrar Office?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How is stamp duty calculated for properties in Tropical Tides?

Stamp duty for properties in Tropical Tides is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 17,00,000 would incur a stamp duty of Rs 1,19,000 at 7% and a registration fee of Rs 34,000 at 2%, totaling Rs 1,53,000.