Guideline Value for TV Room Street

TV Room Street guideline value

The current guideline value of TV Room Street is Rs 175 per sq.ft, effective from 1 July 2024. This street is located in Palnalloor village under the Sunguvarchattram SRO, classified as Residential Class III Type - I.

How the guideline value of TV Room Street has changed

The guideline value for TV Room Street has undergone several revisions over the years. The 2012 revision set the value at Rs 175 per sq.ft, which remained unchanged in the subsequent 2017 revision. However, the 2017 revision marked a significant increase from Rs 117 per sq.ft in 2017, reflecting a 50% rise. The 2023 revision also maintained the value at Rs 175 per sq.ft, showing no change from the previous year.

As of the 2024 revision, the guideline value is again set at Rs 175 per sq.ft, indicating that there has been no overall change from 2012 to 2024. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Palnalloor

In Palnalloor, there are 34 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 175 to Rs 471 per sq.ft, with a median value of Rs 200 per sq.ft. The guideline value for TV Room Street is below this median.

• Thirumallai Nagar: Rs 200 per sq.ft (2024)
• TheruVeethiamman Kovil Street: Rs 175 per sq.ft (2024)
• TheruVeethiamman Kovil North Street: Rs 175 per sq.ft (2024)
• Thanthoniamman Kovil Street: Rs 250 per sq.ft (2024)
• VGP Vinoth Town: Rs 200 per sq.ft (2024)
• Vishvakarma Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in TV Room Street

For a 1,000 sq.ft plot at the current rate of Rs 175 per sq.ft, the guideline value amounts to Rs 1,75,000. The stamp duty at 7% would be Rs 12,250, and the registration fee at 2% would be Rs 3,500, bringing the total fees to Rs 15,750. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers TV Room Street?

The Sub Registrar Office covering TV Room Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Palnalloor

The guideline value is a crucial factor during property transactions in Palnalloor. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of registration. Buyers and sellers must reference this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to assess the applicable charges, which can influence the overall cost of the transaction. It is essential for both parties to be aware of the current guideline value to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of TV Room Street?

The current guideline value of TV Room Street is Rs 175 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 175 per sq.ft from 2012 to 2024, with a significant increase from Rs 117 per sq.ft in 2017. The 2023 revision also retained the value at Rs 175 per sq.ft.

What is the land classification of TV Room Street?

TV Room Street is classified as Residential Class III Type - I, which indicates its suitability for residential purposes.

What are the stamp duty and registration fees for a property on TV Room Street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 15,750, based on the current guideline value of Rs 1,75,000.

Where is the Sub Registrar Office for TV Room Street located?

The Sub Registrar Office for TV Room Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.