Guideline Value for T.H.ROAD

T.H.Road guideline value

The current guideline value of T.H.Road in Satthankadu village, under the Thiruvottiyur SRO, is Rs 5,500 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Special Type - I.

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

The guideline value for T.H.Road has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 1,200 per sq.ft. This increased significantly to Rs 5,000 per sq.ft in 2012, marking a rise of 317%. However, in the 2017 revision, the value decreased to Rs 3,350 per sq.ft, reflecting a decline of 33%. The subsequent 2023 revision saw another increase to Rs 5,000 per sq.ft, which was then further raised to Rs 5,500 per sq.ft in 2024, a change of 10%.

Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 358%. The register does not provide figures for the years 2002 and 2003 for this street.

Guideline values in Satthankadu

In Satthankadu, there are 71 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value for these streets is Rs 3,400 per sq.ft, indicating that T.H.Road's current guideline value is above this median.

• Thulasiram Nagar: Rs 3,400 per sq.ft (2024)
• Udayasooriyan Link Road: Rs 3,400 per sq.ft (2024)
• Udayasooriyan Street: Rs 3,400 per sq.ft (2024)
• Thirupurasundarai Nagar (Corner Plots): Rs 3,800 per sq.ft (2024)
• Thirupurasundarai Nagar: Rs 2,800 per sq.ft (2024)
• Upparapalayam Streets: Rs 3,400 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 guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, while the registration fee at 2% would be Rs 1,10,000. Therefore, the total cost for these fees would be Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers T.H.Road?

The Sub Registrar Office that covers T.H.Road is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. For more details, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Satthankadu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both parties are aware of the financial implications of the transaction. This helps in maintaining transparency and facilitates a smoother registration experience.

Frequently asked questions

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

The current guideline value of T.H.Road is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 358% over the years.

What are the other streets in Satthankadu and their guideline values?

Other streets in Satthankadu include Thulasiram Nagar, Udayasooriyan Link Road, and Udayasooriyan Street, all valued at Rs 3,400 per sq.ft in 2024, among others.

What fees are associated with buying property on T.H.Road?

The fees associated with buying property on T.H.Road include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for T.H.Road is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.