Guideline Value for TTK Road 1st Cross Street

TTK Road 1st Cross Street guideline value

The current guideline value of TTK Road 1st Cross Street is Rs 14,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 2 village and falls under the Chennai Central Joint I SRO. The land classification for this area is Residential Special Type - IV.

How the guideline value of TTK Road 1st Cross Street has changed

In the 2023 revision, the guideline value for TTK Road 1st Cross Street was Rs 13,000 per sq.ft. This marked a change of +10% to the current value of Rs 14,300 per sq.ft in the 2024 revision. The register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002.

Prior to the 2023 revision, there are no figures available for TTK Road 1st Cross Street in the previous revisions. The consistent increase in the guideline value from Rs 13,000 per sq.ft in 2023 to Rs 14,300 per sq.ft in 2024 reflects the updated valuation in this locality.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are 332 streets under the Chennai Central Joint I SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 25,300 per sq.ft, with a median value of Rs 8,800 per sq.ft. The guideline value of TTK Road 1st Cross Street is above this median.

• TTK Road 1st Street: Rs 14,300 per sq.ft (2024)
• T.T.K.Lane: Rs 14,300 per sq.ft (2024)
• TTK Road 2nd Cross Street: Rs 14,300 per sq.ft (2024)
• TTK Road (Mowbaries Road): Rs 17,600 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 1st Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 14,300 per sq.ft, the guideline value would be Rs 1,43,00,000. The stamp duty at 7% would amount to Rs 10,01,000, and the registration fee at 2% would be Rs 2,86,000, totaling Rs 12,87,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers TTK Road 1st Cross Street?

The Sub Registrar Office that covers TTK Road 1st Cross Street is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Mylapore Part 2

The guideline value is a critical factor during the registration of property transactions in Mylapore Part 2. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. 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 TTK Road 1st Cross Street?

The current guideline value of TTK Road 1st Cross Street is Rs 14,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 13,000 per sq.ft in 2023 to Rs 14,300 per sq.ft in 2024, representing a +10% change.

What is the land classification for TTK Road 1st Cross Street?

TTK Road 1st Cross Street is classified as Residential Special Type - IV.

Which office handles the registration for TTK Road 1st Cross Street?

The Chennai Central Joint I Sub Registrar Office handles the registration for TTK Road 1st Cross Street, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is stamp duty calculated for properties in Mylapore Part 2?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 1,43,00,000, the stamp duty would be calculated on this amount unless the sale price is higher.