Guideline Value for TTK Road 1st Street

TTK Road 1st Street guideline value

The current guideline value of TTK Road 1st Street is Rs 14,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 1 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 Street has changed

The guideline value for TTK Road 1st Street has undergone several revisions over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was Rs 13,000 per sq.ft, which increased by 10% to Rs 14,300 per sq.ft in the 2024 revision.

Prior to the 2023 revision, there were no recorded figures for TTK Road 1st Street in the years mentioned. The significant change from 2023 to 2024 reflects the current valuation set by the Registration Department.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 streets under the Chennai Central Joint I SRO with 2024 guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median value for this area is Rs 8,800 per sq.ft, and TTK Road 1st Street's 2024 figure is above this median.

• TTK Road 1st Cross Street: 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)
• 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 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 14,300 per sq.ft, the total guideline value is Rs 1,43,00,000. The stamp duty at 7% amounts to Rs 10,01,000, and the registration fee at 2% is Rs 2,86,000, bringing the total to Rs 12,87,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers TTK Road 1st Street?

The Sub Registrar Office that covers TTK Road 1st Street 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 further assistance.

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

The guideline value is a critical factor during the registration of property transactions in Mylapore Part 1. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on an officially recognized valuation.

Frequently asked questions

What is the current guideline value of TTK Road 1st Street?

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

How has the guideline value changed over the years?

The guideline value for TTK Road 1st Street was Rs 13,000 per sq.ft in 2023, which increased by 10% to Rs 14,300 per sq.ft in 2024. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Mylapore Part 1?

The median guideline value in Mylapore Part 1 is Rs 8,800 per sq.ft. TTK Road 1st Street's 2024 guideline value is above this median.

What are the stamp duty and registration fees for TTK Road 1st Street?

For a 1,000 sq.ft plot, the stamp duty is Rs 10,01,000 and the registration fee is Rs 2,86,000, totaling Rs 12,87,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for TTK Road 1st Street located?

The Sub Registrar Office for TTK Road 1st Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. This office handles registrations for properties in this area.