Guideline Value for B.B.THARKA ROAD

B.B.Tharka Road guideline value

The current guideline value of B.B.Tharka Road is Rs 2,800 per sq.ft, effective from 1 July 2024. This road is located in Thiruvottiyur village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - III.

How the guideline value of B.B.Tharka Road has changed

The guideline value for B.B.Tharka Road has undergone several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased significantly to Rs 2,600 per sq.ft in 2012. However, there was a decrease to Rs 1,742 per sq.ft in 2017. The value then rose to Rs 2,600 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 2,800 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the value increased by 49%, while from 2023 to 2024, there was an 8% rise. The overall change from 2007 to 2024 reflects a substantial increase of 367% in the guideline value per sq.ft.

Guideline values in Thiruvottiyur

In Thiruvottiyur, there are 177 streets under the Thiruvottiyur SRO that have a guideline value for 2024, ranging from Rs 1,300 to Rs 8,600 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, placing B.B.Tharka Road's 2024 figure below this median.

• Basin Road: Rs 2,200 per sq.ft (2024)
• Bharathi Nagar: Rs 3,300 per sq.ft (2024)
• Balakrishna Nagar: Rs 1,900 per sq.ft (2024)
• Bakthavasalam Nagar (Tsr Nagar): Rs 3,700 per sq.ft (2024)
• B.Sathanthapuram: Rs 2,800 per sq.ft (2024)
• Cauvery Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in B.B.Tharka Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, while the registration fee at 2% would be Rs 56,000. Together, the total cost for these fees would be Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers B.B.Tharka Road?

The Sub Registrar Office that covers B.B.Tharka Road is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

When buying or selling property in Thiruvottiyur, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is established by the government and reflects the minimum value at which a property can be registered.

It is essential for buyers and sellers to be aware of the guideline value as it directly affects the costs involved in the transaction. The higher the guideline value, the more significant the fees will be, making it a vital factor in property dealings.

Frequently asked questions

What is the current guideline value of B.B.Tharka Road?

The current guideline value of B.B.Tharka Road is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 367% over this period.

What are the stamp duty and registration fees for property in B.B.Tharka Road?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,52,000.

Which Sub Registrar Office covers B.B.Tharka Road?

The Thiruvottiyur Sub Registrar Office covers B.B.Tharka Road, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the median guideline value in Thiruvottiyur?

The median guideline value in Thiruvottiyur is Rs 3,300 per sq.ft, making B.B.Tharka Road's current value below this median.