Guideline Value for T.H. Road ( Ward No.20 )

T.H. Road ( Ward No.20 ) guideline value

The current guideline value for T.H. Road ( Ward No.20 ) is Rs 3,300 per sq.ft, effective from 1 July 2024. This road is located in Madhavaram village, under the Madhavaram SRO, and falls under the Commercial Class I Type - I land classification.

How the guideline value of T.H. Road ( Ward No.20 ) has changed

The guideline value for T.H. Road ( Ward No.20 ) has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which remained unchanged until the 2023 revision, where it was again Rs 3,000 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 3,300 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the current 2024 revision, there has been a 10% increase in the guideline value.

Guideline values in Madhavaram

The guideline values for streets in Madhavaram vary significantly. As of the 2024 revision, the values range from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value for T.H. Road ( Ward No.20 ) is above this median, reflecting its commercial classification.

• Thoothukudi Velaisamy St (Ward-10): Rs 1,300 per sq.ft (2024)
• Thulasi Nagar: Rs 1,300 per sq.ft (2024)
• Thulasi Nagar, Vinayagapuram (Ward-29): Rs 1,300 per sq.ft (2024)
• Thiyagi Sankarlinganar St, Lakshmipuram (Ward-25): Rs 1,300 per sq.ft (2024)
• Tirupur Kumuran Street (Ponniamman Medu) (Ward-22): Rs 1,300 per sq.ft (2024)
• Thiru.Vi.Ka 6th Street (Ward-13): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in T.H. Road ( Ward No.20 )

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, leading to a total cost of Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers T.H. Road ( Ward No.20 )?

The Sub Registrar Office that covers T.H. Road ( Ward No.20 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Madhavaram. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transactions are recorded at a fair value as per the government regulations.

When a property is sold, the guideline value helps in assessing the appropriate charges that need to be paid during the registration process. Buyers and sellers should be aware of the current guideline value to ensure compliance with the legal requirements during property transactions.

Frequently asked questions

What is the current guideline value of T.H. Road ( Ward No.20 )?

The current guideline value of T.H. Road ( Ward No.20 ) 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 3,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase. There were no changes recorded for the years 2002, 2003, 2007, and 2017 for this street.

What is the land classification for T.H. Road ( Ward No.20 )?

T.H. Road ( Ward No.20 ) is classified as Commercial Class I Type - I, which influences its guideline value.

What are the stamp duty and registration fees for properties on T.H. Road ( Ward No.20 )?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for T.H. Road ( Ward No.20 )?

The Sub Registrar Office for T.H. Road ( Ward No.20 ) is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of property transactions in the area.