Guideline Value for Rich Wood Avenue

Rich Wood Avenue guideline value

The current guideline value of Rich Wood Avenue is Rs 2,239 per sq.ft, as per the 2023 revision. This street is located in the Thaiyur-A village and falls under the Thiruporur SRO. The land classification for this area is Commercial Class I Type - III.

How the guideline value of Rich Wood Avenue has changed

The guideline value for Rich Wood Avenue has seen notable changes over the years. In the 2017 revision, the guideline value was Rs 1,500 per sq.ft. This increased to Rs 2,239 per sq.ft in the 2023 revision, marking a significant rise of 49% over the six-year period.

There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street. Therefore, the only revisions with recorded values are from 2017 and 2023.

Guideline values in Thaiyur-A

Currently, there are no village figures available for Thaiyur-A. Rich Wood Avenue is one of the streets in this area, but no other streets in Thaiyur-A have been provided with guideline value figures.

Stamp duty and registration fee for property in Rich Wood Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,239 per sq.ft, the total guideline value would be Rs 22,39,000. The stamp duty at 7% would amount to Rs 1,56,730, and the registration fee at 2% would be Rs 44,780, bringing the total cost together to Rs 2,01,510. 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 Rich Wood Avenue?

The Sub Registrar Office that covers Rich Wood Avenue is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Thaiyur-A

The guideline value is a crucial factor during the registration of property transactions in Thaiyur-A. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value serves as a benchmark for calculating these fees. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, ensuring that the appropriate fees are paid based on the property's value.

Frequently asked questions

What is the current guideline value of Rich Wood Avenue?

The current guideline value of Rich Wood Avenue is Rs 2,239 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

The guideline value increased from Rs 1,500 per sq.ft in the 2017 revision to Rs 2,239 per sq.ft in the 2023 revision, representing a 49% increase.

Are there any guideline values for other years for Rich Wood Avenue?

No, the register has no figures for the revisions in 2002, 2003, 2007, 2012, and 2024 for Rich Wood Avenue.

What are the stamp duty and registration fees for properties in Rich Wood Avenue?

For a property valued at Rs 22,39,000, the stamp duty at 7% would be Rs 1,56,730, and the registration fee at 2% would be Rs 44,780, totaling Rs 2,01,510.

Which office handles property registrations for Rich Wood Avenue?

The Thiruporur Sub Registrar Office handles property registrations for Rich Wood Avenue, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.