Guideline Value for TTK Road (Mowbaries Road)

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 street is located in Mylapore Part 2 village under the Chennai Central Joint I SRO, and is classified as 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 shows no figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 16,000 per sq.ft, which was then increased by 10% to Rs 17,600 per sq.ft in the 2024 revision.

This increase reflects the changes in the guideline value from the previous year, highlighting a notable rise in the valuation of this street. The current figure of Rs 17,600 per sq.ft is the highest recorded for this street in the recent revisions.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are 332 streets under the Chennai Central Joint I SRO, with guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median guideline value for this area is Rs 8,800 per sq.ft, placing TTK Road (Mowbaries Road) above this median.

• TTK Road 2nd Cross Street: Rs 14,300 per sq.ft (2024)
• TTK Road 1st Street: Rs 14,300 per sq.ft (2024)
• TTK Road 1st Cross Street: Rs 14,300 per sq.ft (2024)
• T.T.K.Lane: Rs 14,300 per sq.ft (2024)
• Turn Bulls 1st Cross Street: Rs 10,900 per sq.ft (2024)
• Turn Bulls 1st Street: Rs 10,900 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 17,600 per sq.ft, the 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, totaling Rs 15,84,000. It is important to note that 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 precise 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 2

The guideline value is a critical factor in the registration process of property transactions in Mylapore Part 2. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

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 has the guideline value changed over the years?

The guideline value has changed from Rs 16,000 per sq.ft in 2023 to Rs 17,600 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the classification of TTK Road (Mowbaries Road)?

TTK Road (Mowbaries Road) is classified as Commercial Special Type - V under the Chennai Central Joint I SRO.

What are the stamp duty and registration fees for property in TTK Road (Mowbaries Road)?

The stamp duty is calculated at 7% and the registration fee at 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 15,84,000.

Where can I find the Sub Registrar Office for TTK Road (Mowbaries Road)?

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