Guideline Value for Tonakilla Camp Road

Tonakilla Camp Road guideline value

The current guideline value of Tonakilla Camp Road is Rs 1,300 per sq.ft, effective from 1 July 2024. This road is located in Ayappakkam village, under the Ambattur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Tonakilla Camp Road has changed

Over the years, the guideline value of Tonakilla Camp Road has seen several revisions. The earliest recorded figure is from 2007, where it was Rs 400 per sq.ft. This increased significantly to Rs 1,200 per sq.ft in 2012, marking a 200% rise. However, in 2017, the value dropped to Rs 804 per sq.ft, reflecting a decrease of 33%. The value then rose again to Rs 1,200 per sq.ft in 2023, before reaching the current value of Rs 1,300 per sq.ft in 2024, which is an increase of 8% from the previous year. Overall, from 2007 to 2024, the guideline value has increased by 225%.

The register does not have figures for Tonakilla Camp Road for the years 2002 and 2003. This lack of data indicates that the values were not recorded for those years. The significant changes in guideline value highlight the fluctuations in property valuation over time.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,300 per sq.ft, which is equal to the current guideline value of Tonakilla Camp Road.

• T.N.H.B. Phase I & II (Residence): Rs 2,700 per sq.ft (2024)
• T.N.H.B. Phase I & II (Commercial): Rs 3,300 per sq.ft (2024)
• Thiruverkadu Road: Rs 1,600 per sq.ft (2024)
• Thiru Veedhi Amman Kovil Street: Rs 1,100 per sq.ft (2024)
• Thiruvalluvar street (Iyappan nagar): Rs 1,700 per sq.ft (2024)
• Veerapathiran street(Bhavani nagar): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Tonakilla Camp Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total fees to Rs 1,17,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Tonakilla Camp Road?

The Sub Registrar Office that covers Tonakilla Camp Road is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Ayappakkam. It is used to determine the stamp duty and registration fees applicable when buying or selling property. The guideline value is set by the government and reflects the minimum value at which properties should be registered.

When a property is sold, the sale price must be equal to or greater than the guideline value. If the sale price is lower than the guideline value, the stamp duty will be calculated based on the guideline value to ensure that the correct fees are collected at the time of registration.

Frequently asked questions

What is the current guideline value of Tonakilla Camp Road?

The current guideline value of Tonakilla Camp Road is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 400 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, marking an overall increase of 225% over the years.

What are the stamp duty rates for properties in Tonakilla Camp Road?

The stamp duty for properties in Tonakilla Camp Road is charged at 7% of the guideline value or the sale price, whichever is higher.

What is the registration fee for properties in Tonakilla Camp Road?

The registration fee for properties in Tonakilla Camp Road is charged at 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Tonakilla Camp Road?

The Sub Registrar Office for Tonakilla Camp Road is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.