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Guideline Value

Corporate

Guideline Value for TTK Road (Mowbaries Road)

₹17600/sq.ft.

The guideline value for Ttk Road (mowbaries Road) in Mylapore Part 1 village (Chennai Central Joint I SRO, Chennai zone) is Rs 17600 per sq.ft, effective 1 July 2024. It was Rs 16000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Special Type - V. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mylapore Part 1

Village

Chennai Central Joint I

SRO

Commercial Special Type - V
History
Period Guideline Value
From 1-7-2024 ₹17600 /sq.ft.
From 1-4-2023 ₹16000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.182 Bharati Salai(pycrafts Road) Royapettah, Chennai-600014
044-28613608
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Ttk Road (mowbaries Road)

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TTK Road (Mowbaries Road) guideline value

The current guideline value of TTK Road (Mowbaries Road) is Rs 17,600 per sq.ft, effective from 1 July 2024. This road is located in Mylapore Part 1 village and falls under the Chennai Central Joint I SRO. The land classification for this area is Commercial Special Type - V.

How the guideline value of TTK Road (Mowbaries Road) has changed

The guideline value for TTK Road (Mowbaries Road) has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 16,000 per sq.ft, which increased by 10% to Rs 17,600 per sq.ft in the 2024 revision.

This increase from 2023 to 2024 reflects a significant adjustment in the guideline value. The current figure of Rs 17,600 per sq.ft is now above the median guideline value of Rs 8,800 per sq.ft for Mylapore Part 1.

Guideline values in Mylapore Part 1

Mylapore Part 1 has a total of 333 streets under the Chennai Central Joint I SRO, with guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft. TTK Road (Mowbaries Road) is positioned above the median value of Rs 8,800 per sq.ft. Below are the guideline values for other streets in Mylapore Part 1:

Stamp duty and registration fee for property in TTK Road (Mowbaries Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 17,600 per sq.ft, the total guideline value amounts to Rs 1,76,00,000. The stamp duty at 7% would be Rs 12,32,000, and the registration fee at 2% would be Rs 3,52,000, bringing the total to Rs 15,84,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers TTK Road (Mowbaries Road)?

The Sub Registrar Office that covers TTK Road (Mowbaries Road) is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mylapore Part 1

The guideline value plays a crucial role during property transactions in Mylapore Part 1. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration, ensuring that these costs are based on a standardized value set by the government.

When buying or selling property, it's important to be aware of the guideline value as it can affect the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of TTK Road (Mowbaries Road)?

The current guideline value of TTK Road (Mowbaries Road) is Rs 17,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 16,000 per sq.ft in 2023 to Rs 17,600 per sq.ft in 2024, marking a 10% increase.

What is the land classification for TTK Road (Mowbaries Road)?

The land classification for TTK Road (Mowbaries Road) is Commercial Special Type - V.

Where can I find the registration office for TTK Road (Mowbaries Road)?

The registration office for TTK Road (Mowbaries Road) is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is the stamp duty calculated for properties in Mylapore Part 1?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. It is typically charged at a rate of 7%, along with a registration fee of 2% of the guideline value.