Guideline Value for TTK Road 2nd Cross Street

TTK Road 2nd Cross Street guideline value

The current guideline value of TTK Road 2nd 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 2nd Cross Street has changed

The guideline value register has no figures for TTK Road 2nd Cross Street for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show that in 2023, the guideline value was Rs 13,000 per sq.ft. This figure increased by 10% to reach Rs 14,300 per sq.ft in the 2024 revision.

Prior to the 2023 revision, there were no recorded figures for TTK Road 2nd Cross Street in the guideline value register. The latest value of Rs 14,300 per sq.ft places this street above the median guideline value of Rs 8,800 per sq.ft for Mylapore Part 2.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are a total of 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 following are other streets in Mylapore Part 2:

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

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

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers TTK Road 2nd Cross Street?

The Sub Registrar Office that covers TTK Road 2nd 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 specific 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 reference point for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When engaging in property transactions, it is essential to be aware of the guideline value as it influences the overall cost involved in the registration process. Accurate knowledge of these values can help buyers and sellers make informed decisions.

Frequently asked questions

What is the current guideline value of TTK Road 2nd Cross Street?

The current guideline value of TTK Road 2nd Cross 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 2nd Cross Street has changed from Rs 13,000 per sq.ft in 2023 to Rs 14,300 per sq.ft in 2024, reflecting a 10% increase.

What is the land classification for TTK Road 2nd Cross Street?

The land classification for TTK Road 2nd Cross Street is Residential Special Type - IV.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, and the registration fee is 2% of the guideline value.

Where can I find the Sub Registrar Office for TTK Road 2nd Cross Street?

The Sub Registrar Office covering TTK Road 2nd Cross Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.