Guideline Value

Corporate

Guideline Value for DR. THOMAS ROAD 2 LANE

₹6600/sq.ft.

The guideline value for Dr. Thomas Road 2 Lane in Tnagar village (Thiyagaraya Nagar SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Tnagar

Village

Thiyagaraya Nagar

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1454 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1310 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

27/14,vetnari Hospital Road Panpet Nandhanam Chennai-35
044-24340958
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Dr. Thomas Road 2 Lane

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Dr. Thomas Road 2 Lane guideline value

The current guideline value of Dr. Thomas Road 2 Lane is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village, under the Thiyagaraya nagar SRO, and is classified as Residential Class III Type - I.

How the guideline value of Dr. Thomas Road 2 Lane has changed

The guideline value for Dr. Thomas Road 2 Lane has undergone several revisions over the years. In 2002, the guideline value was Rs 1,310 per sq.ft. This figure increased to Rs 1,454 per sq.ft in 2003, marking an increase of 11%. The value saw a significant rise to Rs 2,000 per sq.ft in 2007, representing a 38% increase. The next revision in 2012 saw a decrease to Rs 6,000 per sq.ft, which was a drop of 33%. The value then increased to Rs 4,020 per sq.ft in 2017, a rise of 49%. In 2023, the guideline value was Rs 6,000 per sq.ft, and it increased to Rs 6,600 per sq.ft in the 2024 revision, reflecting a 10% increase.

There are no figures available for the revisions in years other than those listed. Overall, from 2002 to 2024, the guideline value has increased by 404%.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO with a 2024 guideline value ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median value is Rs 11,000 per sq.ft, which means that the guideline value of Dr. Thomas Road 2 Lane is below this median.

Stamp duty and registration fee for property in Dr. Thomas Road 2 Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, while the registration fee at 2% would be Rs 1,32,000. Together, the total amount for stamp duty and registration fee would be Rs 5,94,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Dr. Thomas Road 2 Lane?

The Sub Registrar Office that covers Dr. Thomas Road 2 Lane is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Tnagar. It serves as the basis for calculating the stamp duty and registration fees that are payable at the time of property registration.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate fees are collected. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Dr. Thomas Road 2 Lane?

The current guideline value of Dr. Thomas Road 2 Lane is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,310 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 404% across the years.

What is the land classification for Dr. Thomas Road 2 Lane?

Dr. Thomas Road 2 Lane is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for property in Dr. Thomas Road 2 Lane?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fee would amount to Rs 5,94,000.

Which Sub Registrar Office covers the area of Dr. Thomas Road 2 Lane?

The Thiyagaraya nagar Sub Registrar Office covers Dr. Thomas Road 2 Lane, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.