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Guideline Value

Corporate

Guideline Value for Hunters Road(or)ThirunarayanaGuru street

₹11000/sq.ft.

The guideline value for Hunters Road(or)thirunarayanaguru Street in Vepery village (Periamet SRO, Chennai zone) is Rs 11000 per sq.ft, effective 1 July 2024. It was Rs 10000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vepery

Village

Periamet

SRO

Commercial Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹11000 /sq.ft.
From 1-4-2023 ₹10000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹6700 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹10000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹3000 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

1103, Poonamallee High Road, Chennai-600 003.
044-25612486
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Hunters Road(or)thirunarayanaguru Street

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Hunters Road(or)ThirunarayanaGuru street guideline value

The current guideline value of Hunters Road(or)ThirunarayanaGuru street is Rs 11,000 per sq.ft, effective from 1 July 2024. This street is located in Vepery village, under the Periamet Sub Registrar Office (SRO), and is classified as Commercial Special Type - III.

How the guideline value of Hunters Road(or)ThirunarayanaGuru street has changed

The guideline value for Hunters Road(or)ThirunarayanaGuru street has undergone several revisions over the years. Starting from the 2007 revision, the value was Rs 3,000 per sq.ft. It then increased significantly to Rs 10,000 per sq.ft in the 2012 revision, marking a 233% rise. However, in the 2017 revision, the value decreased to Rs 6,700 per sq.ft, reflecting a 33% drop. The value rose again to Rs 10,000 per sq.ft in the 2023 revision, and finally increased by 10% to the current rate of Rs 11,000 per sq.ft in the 2024 revision.

Overall, from 2007 to 2024, the guideline value has increased by 267%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Vepery

In Vepery, there are 290 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 22,000 per sq.ft. The median guideline value in this area is Rs 4,800 per sq.ft, placing the 2024 figure for Hunters Road(or)ThirunarayanaGuru street above that median.

Stamp duty and registration fee for property in Hunters Road(or)ThirunarayanaGuru street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value would be Rs 1,10,00,000. The stamp duty at 7% would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, bringing the total costs together to Rs 9,90,000. Please note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Hunters Road(or)ThirunarayanaGuru street?

The Hunters Road(or)ThirunarayanaGuru street falls under the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Vepery. It serves as the basis for calculating stamp duty and registration fees during the property registration process. Buyers must ensure that the guideline value is considered to avoid any discrepancies in the transaction.

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

Frequently asked questions

What is the current guideline value of Hunters Road(or)ThirunarayanaGuru street?

The current guideline value of Hunters Road(or)ThirunarayanaGuru street is Rs 11,000 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 3,000 per sq.ft in 2007 to Rs 11,000 per sq.ft in 2024, marking an overall increase of 267% over the years.

What is the land classification for this street?

Hunters Road(or)ThirunarayanaGuru street is classified as Commercial Special Type - III, indicating its commercial significance within the area.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Hunters Road(or)ThirunarayanaGuru street is the Periamet SRO, located at 1103, Poonamallee High Road, Chennai-600 003.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 1,10,00,000 would incur a stamp duty of Rs 7,70,000 at 7%.