Guideline Value for T.H. Road 2nd Lane

T.H. Road 2nd Lane guideline value

The current guideline value of T.H. Road 2nd Lane is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of T.H. Road 2nd Lane has changed

The guideline value for T.H. Road 2nd Lane has undergone several revisions over the years. The earliest available figure is from the 2012 revision, which set the value at Rs 2,000 per sq.ft. The most recent revision in 2024 increased this to Rs 2,700 per sq.ft, marking a change of +35% from the 2012 figure.

There are no figures available for the revisions in 2002, 2003, 2007, 2017, and 2023 for this street. The 2024 guideline value of Rs 2,700 per sq.ft aligns with the median value for 1318 streets in Kodungaiyur, which ranges from Rs 1,900 to Rs 4,000 per sq.ft.

Guideline values in Kodungaiyur

In Kodungaiyur, the guideline values for various streets reflect a range of prices, with the median being Rs 2,700 per sq.ft. T.H. Road 2nd Lane's value is equal to this median, indicating its positioning within the local market.

• T.H. Road 1st Lane: Rs 2,700 per sq.ft (2024)
• T.H. Road 3rd Lane: Rs 2,700 per sq.ft (2024)
• Thoppai Vinayagar Koil Street: Rs 2,200 per sq.ft (2024)
• Tholkappiar Street: Rs 2,200 per sq.ft (2024)
• Thiyagarayar Street: Rs 2,200 per sq.ft (2024)
• Thiyagaraya Nagar 2nd Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in T.H. Road 2nd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost for these fees to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers T.H. Road 2nd Lane?

The Sub Registrar Office that covers T.H. Road 2nd Lane 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 Kodungaiyur

The guideline value is a crucial factor during the registration of property transactions in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation and ensuring that the appropriate taxes are collected by the government. Buyers and sellers must be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of T.H. Road 2nd Lane?

The current guideline value of T.H. Road 2nd Lane is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 2,000 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, reflecting a change of +35%. There are no figures available for the years 2002, 2003, 2007, 2017, and 2023 for this street.

What is the median guideline value in Kodungaiyur?

The median guideline value in Kodungaiyur is Rs 2,700 per sq.ft, which is the same as the current value for T.H. Road 2nd Lane.

What are the stamp duty rates for properties in T.H. Road 2nd Lane?

The stamp duty rate for properties in T.H. Road 2nd Lane is 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Where can I find the Sub Registrar Office for T.H. Road 2nd Lane?

The Sub Registrar Office for T.H. Road 2nd Lane is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.