Guideline Value for River Side Road

River Side Road guideline value

The current guideline value of River Side Road in Thirumangalam village is Rs 3,300 per sq.ft, effective from 1 July 2024. This street falls under the AnnaNagar SRO and is classified as Residential Class II Type - I.

How the guideline value of River Side Road has changed

Over the years, the guideline value of River Side Road has seen several revisions. The earliest recorded figure is from 2007, where it was Rs 1,300 per sq.ft. This increased to Rs 3,000 per sq.ft in 2012, marking a significant rise of 131%. However, in 2017, the value decreased to Rs 2,010 per sq.ft, a decline of 33%. The value then rose again to Rs 3,000 per sq.ft in 2023, followed by a further increase to the current Rs 3,300 per sq.ft in 2024, reflecting a 10% rise.

From 2017 to 2023, the increase was substantial at 49%. Overall, from the 2007 figure to the current 2024 value, there has been a total increase of 154%. It is important to note that for the years 2002 and 2003, the register has no figure for this street.

Guideline values in Thirumangalam

In Thirumangalam, there are 149 streets under the AnnaNagar SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 15,900 per sq.ft. The median value of these streets is Rs 11,500 per sq.ft, placing River Side Road's 2024 figure below this median.

• Rani Anna Nagar: Rs 4,400 per sq.ft (2024)
• Sangam Apartments: Rs 13,200 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 12,600 per sq.ft (2024)
• Periyar Street: Rs 3,300 per sq.ft (2024)
• Periyar Nagar: Rs 4,400 per sq.ft (2024)
• Old Thirumangalam End Point to 17th Main Road Facing West: Rs 13,200 per sq.ft (2024)

Stamp duty and registration fee for property in River Side Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers River Side Road?

The Sub Registrar Office that covers River Side Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Thirumangalam. It serves as the basis for calculating stamp duty and registration fees during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value helps determine the official valuation of the property, which is essential for legal documentation. This ensures transparency in property transactions and helps in assessing the appropriate taxes that need to be paid.

Frequently asked questions

What is the current guideline value of River Side Road?

The current guideline value of River Side Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 154%.

What is the registration office for River Side Road?

The registration office for River Side Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties on River Side Road?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value would be Rs 33,00,000, leading to a stamp duty of Rs 2,31,000.

What are the other streets in Thirumangalam with guideline values?

Other streets in Thirumangalam include Rani Anna Nagar at Rs 4,400 per sq.ft, Sangam Apartments at Rs 13,200 per sq.ft, and Pillaiyar Koil Street at Rs 12,600 per sq.ft, among others.