Guideline Value for T.H.ROAD

T.H.Road guideline value

The current guideline value of T.H.Road in Ariyanvoyal village under the Ponneri SRO is Rs 440 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of T.H.Road has changed

The guideline value for T.H.Road has undergone several revisions over the years. In 2003, the value was Rs 299 per sq.ft, which increased to Rs 400 per sq.ft in 2012. However, it dropped to Rs 268 per sq.ft in 2017 before rising significantly to Rs 400 per sq.ft in 2023. The most recent revision in 2024 saw the guideline value increase to Rs 440 per sq.ft, reflecting a 10% rise from the previous year.

Between the revisions, the changes were notable. From 2017 to 2023, there was a significant increase of 49%. The 2012 to 2017 period saw a decrease of 33%. Overall, from 2003 to 2024, the guideline value has increased by 47%. The register does not contain figures for the years 2002 and 2007 for this street.

Guideline values in Ariyanvoyal

Ariyanvoyal village has 26 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 880 per sq.ft. The median value is Rs 330 per sq.ft, and T.H.Road's 2024 figure is above this median.

• Union Carbide Employees Co-Operative Nagar: Rs 600 per sq.ft (2024)
• Thirupathy Nagar: Rs 440 per sq.ft (2024)
• Thangavelpuram: Rs 440 per sq.ft (2024)
• Vignesh Nagar: Rs 330 per sq.ft (2024)
• Sri Lakshmi Avenue: Rs 330 per sq.ft (2024)
• Singaraswami Nagar: Rs 330 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers T.H.Road?

The Sub Registrar Office that covers T.H.Road is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Ariyanvoyal. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

During the registration process, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

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

The current guideline value of T.H.Road is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 299 per sq.ft in 2003 to Rs 440 per sq.ft in 2024, with several revisions in between, including a drop and subsequent increases.

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

The land classification for T.H.Road is Residential Class I Type - I, indicating its designation for residential use.

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

The Sub Registrar Office for T.H.Road is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated for properties on T.H.Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, a 1,000 sq.ft plot at Rs 440 per sq.ft incurs a total stamp duty and registration fee of Rs 39,600.