Guideline Value for C.T.H.ROAD

C.T.H.Road guideline value

The current guideline value of C.T.H.Road in Paruthipattu village is Rs 3,300 per sq.ft, effective from 1 July 2024. This area falls under the Avadi SRO and is classified as Commercial Special Type - II.

How the guideline value of C.T.H.Road has changed

The guideline value for C.T.H.Road has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, it then decreased to Rs 2,010 per sq.ft in 2017. The value rose again to Rs 3,000 per sq.ft in 2023 and has now reached Rs 3,300 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

Between the revisions, the most notable change was from 2007 to 2012, where the value increased by 500%. From 2017 to 2023, there was a substantial increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 560%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO, with 2024 guideline values ranging from Rs 801 to Rs 4,730 per sq.ft. The median value for these streets is Rs 1,625 per sq.ft, making the guideline value of C.T.H.Road above the median.

• C.V.R.D.E.Quarters (Bharathiyar Nagar): Rs 801 per sq.ft (2024)
• Crown City Phase II: Rs 4,400 per sq.ft (2024)
• Crown City: Rs 4,400 per sq.ft (2024)
• Dayalan Nagar: Rs 950 per sq.ft (2024)
• Dhanalakshmi Avenue: Rs 950 per sq.ft (2024)
• Chinnamman Nagar: Rs 1,625 per sq.ft (2024)

Stamp duty and registration fee for property in C.T.H.Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that stamp duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers C.T.H.Road?

The Sub Registrar Office that covers C.T.H.Road is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Paruthipattu, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value serves as a benchmark for calculating stamp duty and registration fees. This ensures that the taxes paid reflect the value of the property, providing a standardized approach to property transactions within the region.

Frequently asked questions

What is the current guideline value of C.T.H.Road?

The current guideline value of C.T.H.Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 500 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, with various revisions in between.

What is the land classification for C.T.H.Road?

C.T.H.Road is classified as Commercial Special Type - II, indicating its suitability for commercial activities.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in C.T.H.Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at 7%.