Guideline Value for TVH TITANIUM CITY 168,169/1part,184/2A2,2A3,2A4,184/13

TVH TITANIUM CITY 168,169/1part,184/2A2,2A3,2A4,184/13 guideline value

The current guideline value for TVH TITANIUM CITY 168,169/1part,184/2A2,2A3,2A4,184/13 is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Mannivakkam village and falls under the Gooduvancheri SRO. The land classification for this area is Commercial Class I Type - III.

How the guideline value of TVH TITANIUM CITY 168,169/1part,184/2A2,2A3,2A4,184/13 has changed

The guideline value for this property has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft. This figure remained unchanged until the 2017 revision, which decreased the value to Rs 2,010 per sq.ft. Following this, the 2023 revision increased the value to Rs 3,000 per sq.ft, and the most recent 2024 revision raised it further to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

In terms of percentage changes, the value increased by 49% from the 2017 revision to the 2023 revision. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mannivakkam

In Mannivakkam, there are 118 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 4,300 per sq.ft, with a median of Rs 1,215 per sq.ft. The guideline value for TVH TITANIUM CITY 168,169/1part,184/2A2,2A3,2A4,184/13 is above this median.

• Tvh Titanium City-Phase -II: Rs 4,110 per sq.ft (2024)
• Tvh Titanium Cty: Rs 2,640 per sq.ft (2024)
• T.S.R Avenue: Rs 1,320 per sq.ft (2024)
• Thiruvengadam Nagar: Rs 990 per sq.ft (2024)
• Valajabad Road: Rs 1,650 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in TVH TITANIUM CITY 168,169/1part,184/2A2,2A3,2A4,184/13

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% is Rs 2,31,000, and the registration fee at 2% is Rs 66,000, bringing the total to Rs 2,97,000. 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 information.

Which Sub Registrar Office covers TVH TITANIUM CITY 168,169/1part,184/2A2,2A3,2A4,184/13?

The Sub Registrar Office that covers TVH TITANIUM CITY 168,169/1part,184/2A2,2A3,2A4,184/13 is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Mannivakkam, as it determines the minimum price at which a property can be registered. Buyers and sellers must be aware that the guideline value influences the stamp duty and registration fees applicable during the transaction.

When a property is sold, the registration office uses the guideline value to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as determined by the guideline value register.

Frequently asked questions

What is the current guideline value for TVH TITANIUM CITY?

The current guideline value for TVH TITANIUM CITY 168,169/1part,184/2A2,2A3,2A4,184/13 is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then back to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers this property?

The Gooduvancheri Sub Registrar Office covers TVH TITANIUM CITY 168,169/1part,184/2A2,2A3,2A4,184/13, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202.

What is the land classification for this property?

The land classification for TVH TITANIUM CITY 168,169/1part,184/2A2,2A3,2A4,184/13 is Commercial Class I Type - III.