Guideline Value for ORTIYAL ROAD

Ortiyal Road guideline value

The current guideline value of Ortiyal Road in Thandurai village, under the Avadi SRO, is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is classified as Commercial Class I Type - II.

How the guideline value of Ortiyal Road has changed

The guideline value for Ortiyal Road has undergone several revisions over the years. In 2012, the guideline value was set at Rs 1,200 per sq.ft. This value decreased by 33% to Rs 804 per sq.ft in 2017. Following this, the value saw a significant increase of 124%, reaching Rs 1,800 per sq.ft in 2023. The most recent revision in 2024 has further increased the guideline value by 10%, bringing it to Rs 1,980 per sq.ft.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 65%.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO, with guideline values ranging from Rs 800 to Rs 2,640 per sq.ft. The median guideline value in this area is Rs 988 per sq.ft, making Ortiyal Road's 2024 figure above that median.

• Other Cross Streets: Rs 800 per sq.ft (2024)
• Om Sri Mahalakshmi Nagar: Rs 989 per sq.ft (2024)
• Om Saravana Nagar: Rs 988 per sq.ft (2024)
• Om Ganapathy Nagar: Rs 801 per sq.ft (2024)
• Pallaikooda Cross St, M.K.Bharathi Nagar: Rs 988 per sq.ft (2024)
• North Bajar: Rs 1,950 per sq.ft (2024)

Stamp duty and registration fee for property in Ortiyal Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty, charged at 7%, would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600. Together, the total charges would be Rs 1,78,200. 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 Ortiyal Road?

The Sub Registrar Office covering Ortiyal Road is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the property registration process in Thandurai. It determines the minimum price at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it impacts the financial obligations associated with the transaction. Buyers should ensure that the sale price is aligned with the guideline value to avoid discrepancies during registration.

Frequently asked questions

What is the current guideline value of Ortiyal Road?

The current guideline value of Ortiyal Road is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification of Ortiyal Road?

Ortiyal Road is classified as Commercial Class I Type - II.

What are the other streets in Thandurai and their guideline values?

Other streets in Thandurai include Other Cross Streets at Rs 800 per sq.ft, Om Sri Mahalakshmi Nagar at Rs 989 per sq.ft, and several others with varying values as listed above.

Where is the Sub Registrar Office for Ortiyal Road located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.