Guideline Value for Cemetry Road

Cemetry Road guideline value

The current guideline value of Cemetry Road in Tondaiarpet village, under the Royapuram SRO, is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is classified as Commercial Class I Type - I.

How the guideline value of Cemetry Road has changed

The guideline value for Cemetry Road has seen significant changes over the years. In 2007, the value was Rs 1,200 per sq.ft, which increased to Rs 3,500 per sq.ft in 2012, marking a substantial rise of 192%. However, it then decreased to Rs 2,345 per sq.ft in 2017, reflecting a decline of 33%. The value surged again to Rs 3,500 per sq.ft in 2023, and now stands at Rs 3,800 per sq.ft in 2024, showing an increase of 9%.

Notably, 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 217%.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1384 streets under the Royapuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, placing Cemetry Road's 2024 figure above this median.

• Butchammal Street: Rs 2,200 per sq.ft (2024)
• Chelliamman Koil Street: Rs 1,300 per sq.ft (2024)
• Cherian Nagar 1st Cross Street: Rs 1,300 per sq.ft (2024)
• Cherian Nagar 1st Street: Rs 1,300 per sq.ft (2024)
• Cherian Nagar 2nd Cross Street: Rs 1,300 per sq.ft (2024)
• Cherian Nagar 2nd Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Cemetry Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, together totaling Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Cemetry Road?

The Sub Registrar Office covering Cemetry Road is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Tondaiarpet. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Cemetry Road?

The current guideline value of Cemetry Road is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,200 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 217% over the years.

What is the land classification of Cemetry Road?

Cemetry Road is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions in this area is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Cemetry Road is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.