Guideline Value for CTH ROAD

Cth Road guideline value

The current guideline value of Cth Road in Nadukuthagai village is Rs 1,980 per sq.ft, effective from 1 July 2024. This street falls under the Avadi SRO and is classified as Commercial Class I Type - II.

How the guideline value of Cth Road has changed

The guideline value for Cth Road has undergone several revisions over the years. The oldest recorded figure is from 2007, where the value was Rs 250 per sq.ft. This increased significantly to Rs 1,800 per sq.ft in 2012, marking a 620% rise. However, it decreased to Rs 1,206 per sq.ft in 2017, which was a 33% drop. The value then rose again to Rs 1,800 per sq.ft in 2023, and most recently, it has reached Rs 1,980 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no recorded figures for Cth Road in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 692%.

Guideline values in Nadukuthagai

Nadukuthagai village has 35 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,980 per sq.ft. The median value for these streets is Rs 880 per sq.ft, placing Cth Road's 2024 figure above this median.

• Devi Nagar Cth Road: Rs 1,980 per sq.ft (2024)
• Brindavanam Garden: Rs 660 per sq.ft (2024)
• Boombukar Nagar: Rs 1,100 per sq.ft (2024)
• Gayathri Nagar And Cross Street: Rs 600 per sq.ft (2024)
• Gokulam Street / Nagar: Rs 660 per sq.ft (2024)
• Indira Gandhi Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Cth Road

For a 1,000 sq.ft plot at the current rate of Rs 1,980 per sq.ft, the guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Cth Road?

The Sub Registrar Office that covers Cth 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 information.

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

The guideline value is a crucial factor when registering property transactions in Nadukuthagai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Cth Road?

The current guideline value of Cth Road is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 250 per sq.ft in 2007 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 692%.

What is the median guideline value in Nadukuthagai?

The median guideline value in Nadukuthagai for 2024 is Rs 880 per sq.ft, with Cth Road's value being above this median.

Where can I find the Sub Registrar Office for Cth Road?

The Sub Registrar Office for Cth Road 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 property transactions?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property valued at Rs 19,80,000 would incur a stamp duty of Rs 1,38,600 at 7%.