Guideline Value for Bye Pass Road

Bye Pass Road guideline value

The current guideline value of Bye Pass Road in Thandalkazhani village, under the Redhills SRO, is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is classified as Commercial Class I Type - I.

How the guideline value of Bye Pass Road has changed

The guideline value for Bye Pass Road has seen significant changes over the years. Starting from the 2007 revision, the value was Rs 700 per sq.ft. It increased to Rs 2,500 per sq.ft in 2012, marking a substantial rise of 257%. However, the value then decreased to Rs 1,675 per sq.ft in 2017, reflecting a decline of 33%. The value continued to rise, reaching Rs 2,500 per sq.ft in 2023, before settling at the current rate of Rs 2,750 per sq.ft in 2024, which is an increase of 10% from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 293%.

Guideline values in Thandalkazhani

In Thandalkazhani, there are 27 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 2,750 per sq.ft, with a median value of Rs 880 per sq.ft. The guideline value of Bye Pass Road is above this median.

• Chandrabose Nagar: Rs 880 per sq.ft (2024)
• Dr. M. Varadaharasanar Street: Rs 880 per sq.ft (2024)
• Gandhi Street: Rs 1,210 per sq.ft (2024)
• Gnt Road: Rs 2,750 per sq.ft (2024)
• Gomathi Nagar In Sivaram city: Rs 2,750 per sq.ft (2024)
• Kamarajar Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Bye Pass Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. 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 information.

Which Sub Registrar Office covers Bye Pass Road?

The Bye Pass Road is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thandalkazhani. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Bye Pass Road?

The current guideline value of Bye Pass Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 700 per sq.ft in 2007 and reaching Rs 2,750 per sq.ft in 2024, with various fluctuations in between.

What is the land classification for Bye Pass Road?

Bye Pass Road is classified as Commercial Class I Type - I, which influences its guideline value.

What are the stamp duty and registration fees for property on Bye Pass Road?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Where can I find the Sub Registrar Office for Bye Pass Road?

The Sub Registrar Office covering Bye Pass Road is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.