Guideline Value for ILLALORE ROAD

Illalore Road guideline value

The current guideline value of Illalore Road in Thiruporur village is Rs 880 per sq.ft, effective from 1 July 2024. This road falls under the Thiruporur SRO and is classified as Residential Class I Type - I.

How the guideline value of Illalore Road has changed

The guideline value for Illalore Road has undergone several revisions over the years. In 2007, the value was set at Rs 250 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012, marking a 220% rise. However, in 2017, the value decreased to Rs 536 per sq.ft, reflecting a decline of 33%. The value then rose again to Rs 800 per sq.ft in 2023, before reaching Rs 880 per sq.ft in the latest 2024 revision, which is a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 252%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Thiruporur

In Thiruporur, there are 31 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 495 to Rs 4,500 per sq.ft. The median value is Rs 880 per sq.ft, which is equal to the guideline value of Illalore Road.

• Harijan Colony: Rs 495 per sq.ft (2024)
• Isha Avni: Rs 1,650 per sq.ft (2024)
• Iyampettai Street: Rs 1,100 per sq.ft (2024)
• Gokul Avenue: Rs 1,320 per sq.ft (2024)
• Kacheri Santhu Street: Rs 770 per sq.ft (2024)
• Gandhi Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Illalore Road

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, resulting in a total of Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Illalore Road?

The Sub Registrar Office that covers Illalore Road is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

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

When a buyer or seller engages in a property transaction, the guideline value helps ensure that the property is registered at an appropriate value, which affects the costs associated with the transaction. This value is used to calculate the necessary fees and taxes that must be paid during the registration process.

Frequently asked questions

What is the current guideline value of Illalore Road?

The current guideline value of Illalore Road is Rs 880 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 250 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 252% over this period.

What is the land classification for Illalore Road?

Illalore Road is classified as Residential Class I Type - I, which indicates its suitability for residential development.

What are the stamp duty and registration fees for property on Illalore Road?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Where is the Sub Registrar Office for Illalore Road located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.