Guideline Value for TVH TITANIUM CTY

Tvh Titanium Cty guideline value

The current guideline value of Tvh Titanium Cty is Rs 2,640 per sq.ft, effective from 1 July 2024. This property is located in Mannivakkam village under the Gooduvancheri SRO, classified as Residential Class I Type - II.

How the guideline value of Tvh Titanium Cty has changed

The guideline value for Tvh Titanium Cty has undergone several revisions over the years. In 2012, the value was Rs 2,400 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 1,608 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 2,400 per sq.ft, and the latest revision in 2024 raised it to Rs 2,640 per sq.ft.

Between the revisions, the changes were notable: from 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 indicates a 10% increase in the guideline value.

Guideline values in Mannivakkam

Mannivakkam village has a total of 118 streets under the Gooduvancheri SRO, with the 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 Cty's 2024 figure above this median.

• Tvh Titanium City-Phase -II: Rs 4,110 per sq.ft (2024)
• TVH TITANIUM CITY 168,169/1part,184/2A2,2A3,2A4,184/13: Rs 3,300 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 Cty

For a 1,000 sq.ft plot at the current guideline value of Rs 2,640 per sq.ft, the total guideline value amounts to Rs 26,40,000. The stamp duty at 7% would be Rs 1,84,800, and the registration fee at 2% would be Rs 52,800, leading to a total of Rs 2,37,600. It is important to 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 Tvh Titanium Cty?

The Tvh Titanium Cty is covered by 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 when registering property transactions in Mannivakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the financial implications of the transaction. Buyers and sellers should be aware of the current guideline value to understand the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Tvh Titanium Cty?

The current guideline value of Tvh Titanium Cty is Rs 2,640 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,400 per sq.ft in 2012 to Rs 1,608 per sq.ft in 2017, then increased to Rs 2,400 per sq.ft in 2023, and finally to Rs 2,640 per sq.ft in 2024.

What is the land classification of Tvh Titanium Cty?

Tvh Titanium Cty is classified as Residential Class I Type - II.

What are the stamp duty and registration fees for property in Tvh Titanium Cty?

For a 1,000 sq.ft plot, the total guideline value is Rs 26,40,000, with a stamp duty of Rs 1,84,800 and a registration fee of Rs 52,800, totaling Rs 2,37,600.

Which office handles the registration for Tvh Titanium Cty?

The Gooduvancheri Sub Registrar Office handles the registration for Tvh Titanium Cty, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.