Guideline Value for T.H. Road (Cemetry to Cholra Hospital)

T.H. Road (Cemetry to Cholra Hospital) guideline value

The current guideline value of T.H. Road (Cemetry to Cholra Hospital) is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO, classified as Commercial Class I Type - II.

How the guideline value of T.H. Road (Cemetry to Cholra Hospital) has changed

The guideline value for T.H. Road has seen several revisions over the years. In 2007, the value was Rs 1,500 per sq.ft, which increased significantly to Rs 6,000 per sq.ft in 2012, marking a 300% increase. However, the value dropped to Rs 4,020 per sq.ft in 2017, a decrease of 33% from the previous revision.

From 2017 to 2023, the guideline value rose to Rs 6,000 per sq.ft, representing a 49% increase. The most recent revision in 2024 set the value at Rs 6,600 per sq.ft, a 10% increase from the 2023 figure. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value is Rs 1,600 per sq.ft, placing T.H. Road (Cemetry to Cholra Hospital) above this median.

• T.H. Road (Cemetry Road - Mint Manigoondu to H.1 Police Station): 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 to Cholra Hospital)

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 amount to Rs 4,62,000, while the registration fee at 2% would be Rs 1,32,000, bringing the total fees together to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further assistance, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers T.H. Road (Cemetry to Cholra Hospital)?

The Sub Registrar Office that covers T.H. Road (Cemetry to Cholra Hospital) is the Royapuram Sub Registrar Office, 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 an essential factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Tondaiarpet, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties are aware of the financial implications of the transaction.

It is crucial for buyers and sellers to understand that the guideline value may differ from the actual sale price. The registration process will consider the higher of the two values to determine the applicable fees, which can impact the overall cost of the property transaction.

Frequently asked questions

What is the current guideline value of T.H. Road (Cemetry to Cholra Hospital)?

The current guideline value of T.H. Road (Cemetry to Cholra Hospital) 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 several times, starting from Rs 1,500 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 340% over the years.

What are the registration fees for a property on T.H. Road?

For a property valued at Rs 6,600 per sq.ft, the total registration fees would include a stamp duty of 7% and a registration fee of 2%, totaling Rs 5,94,000 for a 1,000 sq.ft plot.

Which office handles property registrations for T.H. Road?

The Royapuram Sub Registrar Office handles property registrations for T.H. Road (Cemetry to Cholra Hospital), located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum registration value for properties and is essential for calculating stamp duty and registration fees during property transactions in Tondaiarpet.