Guideline Value for TVH TITANIUM CITY-PHASE -II

Tvh Titanium City-Phase -II guideline value

The current guideline value for Tvh Titanium City-Phase -II is Rs 4,110 per sq.ft, effective from 1 July 2024. This property is located in Mannivakkam village, under the Gooduvancheri SRO, and is classified as Mixed Type - II land.

How the guideline value of Tvh Titanium City-Phase -II has changed

The guideline value for Tvh Titanium City-Phase -II has seen significant changes over the years. In the 2017 revision, the value was Rs 2,500 per sq.ft, which increased to Rs 3,732 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 has set the value at Rs 4,110 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mannivakkam

Mannivakkam has a total of 118 streets under the Gooduvancheri SRO, with 2024 guideline values ranging from Rs 330 to Rs 4,300 per sq.ft. The median guideline value for these streets is Rs 1,215 per sq.ft, placing Tvh Titanium City-Phase -II's 2024 figure above the median.

• TVH TITANIUM CITY 168,169/1part,184/2A2,2A3,2A4,184/13: Rs 3,300 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-Phase -II

For a 1,000 sq.ft plot at the current guideline value of Rs 4,110 per sq.ft, the total guideline value amounts to Rs 41,10,000. The stamp duty at 7% would be Rs 2,87,700, and the registration fee at 2% would be Rs 82,200, totaling Rs 3,69,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Tvh Titanium City-Phase -II?

The Sub Registrar Office covering Tvh Titanium City-Phase -II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in Mannivakkam.

Frequently asked questions

What is the current guideline value for Tvh Titanium City-Phase -II?

The current guideline value for Tvh Titanium City-Phase -II is Rs 4,110 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 2,500 per sq.ft in 2017 to Rs 4,110 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the land classification for Tvh Titanium City-Phase -II?

Tvh Titanium City-Phase -II is classified as Mixed Type - II land according to the guidelines.

What are the stamp duty rates for property in Tvh Titanium City-Phase -II?

The stamp duty rate for property transactions in Tvh Titanium City-Phase -II is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Tvh Titanium City-Phase -II?

The Sub Registrar Office for Tvh Titanium City-Phase -II is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.