Guideline Value for OLD HOSPITAL STREET

Old Hospital Street guideline value

The current guideline value of Old Hospital Street in Tiruttani village, under the Thiruttani SRO, is Rs 825 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

How the guideline value of Old Hospital Street has changed

The guideline value for Old Hospital Street has seen significant changes over the years. In the 2017 revision, the value was Rs 502 per sq.ft, which increased to Rs 750 per sq.ft in the 2023 revision, marking a 49% rise. The current value of Rs 825 per sq.ft in the 2024 revision represents a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Old Hospital Street.

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. The median value is Rs 825 per sq.ft, which is equal to the guideline value of Old Hospital Street.

• Old Hospital Lane: Rs 550 per sq.ft (2024)
• Old Dharmaraja Koil Street: Rs 825 per sq.ft (2024)
• Old Bazar Street: Rs 770 per sq.ft (2024)
• Nsc Bose Road: Rs 990 per sq.ft (2024)
• Pappireddtyopalli Road: Rs 550 per sq.ft (2024)
• Pappireddtyopalli Road 1st Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Old Hospital Street

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value would be Rs 8,25,000. The stamp duty at 7% would amount to Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total to Rs 74,250. It is important to 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 Old Hospital Street?

The Sub Registrar Office that covers Old Hospital Street 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 is a crucial factor when buying or selling property in Tiruttani. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers must ensure that the sale price or the guideline value, whichever is higher, is considered for calculating these fees.

When a property is registered, the guideline value acts as a benchmark for the transaction. This means that both buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Old Hospital Street?

The current guideline value of Old Hospital Street is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 502 per sq.ft in 2017 to Rs 750 per sq.ft in 2023, and then to Rs 825 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What are the other streets in Tiruttani with their guideline values?

Other streets in Tiruttani include Old Hospital Lane at Rs 550 per sq.ft, Old Dharmaraja Koil Street at Rs 825 per sq.ft, and Old Bazar Street at Rs 770 per sq.ft, among others.

What fees are associated with buying property on Old Hospital Street?

When buying property on Old Hospital Street, buyers must pay stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Old Hospital Street located?

The Sub Registrar Office covering Old Hospital Street is located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.