Guideline Value for P.H. ROAD

P.H. Road guideline value

The current guideline value of P.H. Road is Rs 550 per sq.ft, effective from 1 July 2024. This road is located in Vellivoyal village, under the Thiruvottiyur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of P.H. Road has changed

The guideline value for P.H. Road has seen significant changes over the years. The earliest recorded revision is from 2017, where the value was Rs 335 per sq.ft. This figure increased to Rs 500 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 550 per sq.ft, which is a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for P.H. Road. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Vellivoyal

In Vellivoyal village, there are 23 streets under the Thiruvottiyur SRO that have a guideline value for 2024, ranging from Rs 275 to Rs 715 per sq.ft. The median value for these streets is Rs 440 per sq.ft, placing P.H. Road's 2024 figure above this median.

• Perumal Koil Street: Rs 440 per sq.ft (2024)
• Nehru Nagar: Rs 440 per sq.ft (2024)
• Mrf Nagar: Rs 550 per sq.ft (2024)
• M G R Nagar: Rs 275 per sq.ft (2024)
• Meenachi Nagar: Rs 440 per sq.ft (2024)
• Maruthi Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in P.H. Road

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, making the total cost for these fees Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers P.H. Road?

The Sub Registrar Office that covers P.H. Road is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Vellivoyal. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value as it directly impacts the costs associated with property transactions. Ensuring that the guideline value is accurately reflected in the sale agreement can help avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of P.H. Road?

The current guideline value of P.H. Road is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, and then to Rs 550 per sq.ft in 2024. This reflects an overall increase of 64% from 2017 to 2024.

What is the land classification for P.H. Road?

P.H. Road is classified as Commercial Class I Type - I. This classification can affect the types of developments and activities permitted on the property.

Where can I find the Sub Registrar Office for P.H. Road?

The Sub Registrar Office for P.H. Road is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. This office handles the registration of properties in the area.

How is the stamp duty calculated for properties in Vellivoyal?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 5,50,000 incurs a stamp duty of Rs 38,500 at 7%.