Guideline Value for T.H. Road (Cemetry Road - Mint Manigoondu to H.1 Police Station)

T.H. Road (Cemetry Road - Mint Manigoondu to H.1 Police Station) guideline value

The current guideline value for T.H. Road (Cemetry Road - Mint Manigoondu to H.1 Police Station) is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO, and it falls under the Commercial Class I Type - II land classification.

How the guideline value of T.H. Road (Cemetry Road - Mint Manigoondu to H.1 Police Station) has changed

The guideline value for T.H. Road has seen significant changes over the years. In 2007, the value was Rs 1,200 per sq.ft, which increased dramatically to Rs 6,000 per sq.ft by 2012, reflecting a 400% rise. However, from 2012 to 2017, the value decreased to Rs 4,020 per sq.ft, marking a decline of 33%. Following this, the value rose again to Rs 6,000 per sq.ft in 2023, and further increased to Rs 6,600 per sq.ft in 2024, which is a 10% increase from the previous year. The register has no figures for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 450%. The revisions show a significant fluctuation in the values, with the most considerable increase occurring between 2007 and 2012, and a consistent rise in recent years.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value for T.H. Road (Cemetry Road - Mint Manigoondu to H.1 Police Station) is above this median.

• T.H. Road (Cemetry to Cholra Hospital): Rs 6,600 per sq.ft (2024)
• T.H. Road (Chalra Hospital to Tolgate Bus Terminus): Rs 6,600 per sq.ft (2024)
• T.H. Road 1st Lane: Rs 3,300 per sq.ft (2024)
• Throupathy Amman Koil Lane: Rs 1,300 per sq.ft (2024)
• Thoppai Vinayagar Koil Street: Rs 1,300 per sq.ft (2024)
• Thulasingam Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in T.H. Road (Cemetry Road - Mint Manigoondu to H.1 Police Station)

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total fees to Rs 5,94,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers T.H. Road (Cemetry Road - Mint Manigoondu to H.1 Police Station)?

The T.H. Road (Cemetry Road - Mint Manigoondu to H.1 Police Station) falls under the jurisdiction of the Royapuram Sub Registrar Office. The office is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Tondaiarpet. It is used to determine the stamp duty and registration fees that must be paid when registering a property sale. Buyers and sellers should be aware that the guideline value can significantly impact the overall costs associated with property transactions.

When a property is sold, the guideline value serves as a benchmark to ensure that the sale price is adequately reflected in the registration process. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value for T.H. Road (Cemetry Road - Mint Manigoondu to H.1 Police Station)?

The current guideline value for T.H. Road (Cemetry Road - Mint Manigoondu to H.1 Police Station) is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 1,200 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, marking an overall increase of 450% over the years.

What is the registration office for T.H. Road?

The registration office for T.H. Road (Cemetry Road - Mint Manigoondu to H.1 Police Station) is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What are the stamp duty and registration fees for properties in T.H. Road?

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000 and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000. These fees are based on the guideline value or the sale price, whichever is higher.

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

T.H. Road (Cemetry Road - Mint Manigoondu to H.1 Police Station) is classified as Commercial Class I Type - II, which is important for understanding the potential uses of the property in this area.