Guideline Value for T.H. Road 3rd Lane

T.H. Road 3rd Lane guideline value

The current guideline value of T.H. Road 3rd 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 3rd Lane has changed

The guideline value for T.H. Road 3rd Lane has undergone several revisions over the years. In 2012, the guideline value was set at Rs 2,000 per sq.ft. This figure decreased to Rs 1,675 per sq.ft in the 2017 revision, marking a decline of 16%. However, in the 2024 revision, the guideline value increased significantly to Rs 2,700 per sq.ft, representing a 61% increase from the previous revision.

Overall, from 2012 to 2024, the guideline value has increased by 35%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2023 in the register for this street.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1318 streets under the Madhavaram SRO that carry a 2024 guideline value, ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, which is the same as the current guideline value for T.H. Road 3rd Lane.

• T.H. Road 2nd Lane: Rs 2,700 per sq.ft (2024)
• T.H. Road 1st 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 3rd Lane

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, leading to a total of Rs 2,43,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers T.H. Road 3rd Lane?

The Sub Registrar Office that covers T.H. Road 3rd 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 in the registration process of property transactions in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of properties.

When a property is registered, the guideline value is used to calculate the fees, ensuring that both buyers and sellers are aware of the official value assigned to the property in question. This helps maintain transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of T.H. Road 3rd Lane?

The current guideline value of T.H. Road 3rd 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 for T.H. Road 3rd Lane has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, and then to Rs 2,700 per sq.ft in 2024.

What is the land classification for T.H. Road 3rd Lane?

T.H. Road 3rd Lane is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for T.H. Road 3rd Lane?

The Sub Registrar Office for T.H. Road 3rd Lane is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in T.H. Road 3rd Lane?

Stamp duty for properties in T.H. Road 3rd Lane is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 2,43,000.