Guideline Value for Tiana Sky City Extension II - EGK Street

Tiana Sky City Extension II - EGK Street guideline value

The current guideline value for Tiana Sky City Extension II - EGK Street is Rs 2,310 per sq.ft, effective from 1 July 2024. This street is located in Agaramthen village under the Tambaram Joint 1 SRO and is classified as Residential Special Type - IV.

How the guideline value of Tiana Sky City Extension II - EGK Street has changed

In the 2017 revision, the guideline value was Rs 2,100 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 2,100 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,310 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 10%.

Guideline values in Agaramthen

Agaramthen village has a total of 125 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 3,700 per sq.ft in 2024. The median guideline value in this area is Rs 830 per sq.ft, positioning Tiana Sky City Extension II - EGK Street above this median.

• Tiana Sky City Extension-I: Rs 3,500 per sq.ft (2024)
• Tiana Sky City Extension -III: Rs 3,450 per sq.ft (2024)
• Tiana Sky City: Rs 3,300 per sq.ft (2024)
• T.V.Lakshmipathi Street: Rs 830 per sq.ft (2024)
• T.V.Srinivasan Street: Rs 830 per sq.ft (2024)
• Vallalar Street: Rs 830 per sq.ft (2024)

Stamp duty and registration fee for property in Tiana Sky City Extension II - EGK Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,310 per sq.ft, the total guideline value amounts to Rs 23,10,000. The stamp duty at 7% would be Rs 1,61,700, and the registration fee at 2% would be Rs 46,200, bringing the total to Rs 2,07,900. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Tiana Sky City Extension II - EGK Street?

The Sub Registrar Office that covers Tiana Sky City Extension II - EGK Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Agaramthen. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When a buyer or seller approaches the registration office, the guideline value is assessed, and the applicable fees are calculated based on this value or the sale price, whichever is higher. This process helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value for Tiana Sky City Extension II - EGK Street?

The current guideline value for Tiana Sky City Extension II - EGK Street is Rs 2,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,100 per sq.ft from 2017 to 2023, and then it increased to Rs 2,310 per sq.ft in 2024, marking a 10% increase from the previous year.

What is the median guideline value in Agaramthen?

The median guideline value in Agaramthen is Rs 830 per sq.ft, with Tiana Sky City Extension II - EGK Street's value being above this median.

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

For a property valued at Rs 23,10,000, the stamp duty would be Rs 1,61,700, and the registration fee would be Rs 46,200, totaling Rs 2,07,900.

Which office handles property registrations for Tiana Sky City Extension II - EGK Street?

The Tambaram Joint 1 Sub Registrar Office handles property registrations for Tiana Sky City Extension II - EGK Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.