Guideline Value for DR. THOMAS ROAD

Dr. Thomas Road guideline value

The current guideline value of Dr. Thomas Road is Rs 14,300 per sq.ft, effective from 1 July 2024. This road is located in Tnagar village, under the Thiyagaraya nagar SRO, and is classified as Mixed Special Type - I.

How the guideline value of Dr. Thomas Road has changed

The guideline value for Dr. Thomas Road has seen significant changes over the years. In 2002, the value was Rs 1,310 per sq.ft, which increased to Rs 1,695 per sq.ft in 2003, marking a 29% rise. By 2007, the value jumped to Rs 2,000 per sq.ft, reflecting an 18% increase. The 2012 revision saw the value rise to Rs 13,000 per sq.ft, a substantial 550% increase from 2007. However, between 2012 and 2017, the value decreased to Rs 8,710 per sq.ft, a decline of 33%. The value then rose again to Rs 13,000 per sq.ft in 2023, followed by the current value of Rs 14,300 per sq.ft in 2024, showing a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 992%. There are no figures available for revisions in years other than those listed.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO, with guideline values in 2024 ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median value is Rs 11,000 per sq.ft, and Dr. Thomas Road's current value is above this median.

• Dr. Thomas Road 2 Lane: Rs 6,600 per sq.ft (2024)
• Dr. Singaravelu Street: Rs 6,600 per sq.ft (2024)
• Dr. Sambasivarm Street: Rs 14,300 per sq.ft (2024)
• Dr. Sadasivam Street: Rs 13,200 per sq.ft (2024)
• Duraisamy Road: Rs 17,600 per sq.ft (2024)
• Dr. Nair Road: Rs 22,000 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 14,300 per sq.ft, the total guideline value would be Rs 1,43,00,000. The stamp duty at 7% would amount to Rs 10,01,000, and the registration fee at 2% would be Rs 2,86,000, totaling Rs 12,87,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Dr. Thomas Road?

The Sub Registrar Office that covers Dr. Thomas Road 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 crucial factor in the registration process when buying or selling property in Tnagar. It serves as the basis for calculating the stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable duties. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

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

The current guideline value of Dr. Thomas Road is Rs 14,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,310 per sq.ft in 2002 to Rs 14,300 per sq.ft in 2024, showing an overall increase of 992% over the years.

What is the median guideline value for streets in Tnagar?

The median guideline value for streets in Tnagar is Rs 11,000 per sq.ft, with Dr. Thomas Road's current value being above this median.

What are the stamp duty and registration fees for a property on Dr. Thomas Road?

For a property valued at Rs 1,43,00,000, the stamp duty would be Rs 10,01,000 and the registration fee would be Rs 2,86,000, totaling Rs 12,87,000.

Where is the Sub Registrar Office for Dr. Thomas Road located?

The Thiyagaraya nagar Sub Registrar Office is located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.