Guideline Value

Corporate

Guideline Value for KADAPPA TRUNK ROAD 8TH LANE

₹990/sq.ft.

The guideline value for Kadappa Trunk Road 8th Lane in Tiruttani village (Thiruttani SRO, Chennai zone) is Rs 990 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Tiruttani

Village

Thiruttani

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹990 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
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)

No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209
044-27881504
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Kadappa Trunk Road 8th Lane

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Kadappa Trunk Road 8th Lane guideline value

The current guideline value of Kadappa Trunk Road 8th Lane is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Tiruttani village and falls under the Thiruttani SRO with a land classification of Commercial Class I Type - II.

How the guideline value of Kadappa Trunk Road 8th Lane has changed

The guideline value for Kadappa Trunk Road 8th Lane has seen several revisions over the years. The earliest registered figure is from 2017, which was Rs 603 per sq.ft. This increased to Rs 900 per sq.ft in 2023, and then to the current Rs 990 per sq.ft in 2024, marking a 10% increase from the previous year. Notably, the increase from 2017 to 2023 was 49%, and from 2017 to 2024, the overall increase is 64%.

There are no registered figures for this street in the years 2002, 2003, 2007, and 2012. The changes reflect the evolving guideline values in the area, particularly in the last few years.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value ranging from Rs 548 to Rs 1,540 per sq.ft, with a median value of Rs 825 per sq.ft. The guideline value of Kadappa Trunk Road 8th Lane is above this median.

Stamp duty and registration fee for property in Kadappa Trunk Road 8th Lane

For a 1,000 sq.ft plot at the current rate of Rs 990 per sq.ft, the guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, totaling Rs 89,100. 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 Kadappa Trunk Road 8th Lane?

The Sub Registrar Office that covers Kadappa Trunk Road 8th Lane is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Tiruttani. It is utilized to determine the stamp duty and registration fees that need to be paid during the registration of property transactions. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value is compared with the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kadappa Trunk Road 8th Lane?

The current guideline value of Kadappa Trunk Road 8th Lane is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 603 per sq.ft in 2017 to Rs 900 per sq.ft in 2023, and then to Rs 990 per sq.ft in 2024. This represents a 64% increase from 2017 to 2024.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 9,90,000, the total fees would amount to Rs 89,100.

Which office handles registrations for Kadappa Trunk Road 8th Lane?

The Thiruttani Sub Registrar Office handles registrations for Kadappa Trunk Road 8th Lane, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209.

What is the land classification for Kadappa Trunk Road 8th Lane?

The land classification for Kadappa Trunk Road 8th Lane is Commercial Class I Type - II, indicating its suitability for commercial activities.