Guideline Value for 100 Feet Road

100 Feet Road guideline value

The current guideline value of 100 Feet Road in Tharamani village is Rs 8,800 per sq.ft, as per the 2024 revision effective from 1 July 2024. This area falls under the Adayar SRO and is classified as Industries Special Type - I.

How the guideline value of 100 Feet Road has changed

The guideline value of 100 Feet Road has undergone several revisions over the years. In 2007, the value was Rs 4,000 per sq.ft, which increased to Rs 8,000 per sq.ft in 2012, marking a 100% rise. However, it decreased to Rs 5,360 per sq.ft in 2017, a decline of 33%. The value then saw a significant increase to Rs 8,000 per sq.ft in 2023, followed by a further rise to the current value of Rs 8,800 per sq.ft in 2024, which is a 10% increase.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 120%.

Guideline values in Tharamani

In Tharamani, there are 78 streets under the Adayar SRO that carry a 2024 guideline value, ranging from Rs 1,700 to Rs 8,800 per sq.ft. The median value for these streets is Rs 2,800 per sq.ft, placing 100 Feet Road's current value above this median.

• Yerikkarai Street: Rs 2,800 per sq.ft (2024)
• V.O.C. Street: Rs 2,800 per sq.ft (2024)
• Vinayagar Street: Rs 2,800 per sq.ft (2024)
• Vanjinathan Street: Rs 2,800 per sq.ft (2024)
• T.K. Kabali Street: Rs 2,800 per sq.ft (2024)
• Thiru.Vi.Ka. Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in 100 Feet Road

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, while the registration fee at 2% would be Rs 1,76,000. Together, the total cost for stamp duty and registration would be Rs 7,92,000. It is important to note that the 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 details.

Which Sub Registrar Office covers 100 Feet Road?

The Sub Registrar Office that covers 100 Feet Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Tharamani. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When buyers and sellers engage in a transaction, the guideline value helps ensure that the taxes are calculated based on a standardized value set by the government, reflecting the official worth of the property in that area.

Frequently asked questions

What is the current guideline value of 100 Feet Road?

The current guideline value of 100 Feet Road is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2007 to Rs 8,800 per sq.ft in 2024, with several revisions in between, including a decrease in 2017.

What is the land classification for 100 Feet Road?

100 Feet Road is classified as Industries Special Type - I, indicating its designation for specific industrial uses.

Where is the Sub Registrar Office for 100 Feet Road located?

The Adayar Sub Registrar Office, which covers 100 Feet Road, is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties on 100 Feet Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 6,16,000.