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Guideline Value

Corporate

Guideline Value for T.H.Road (Chalra Hospital to Tolgate Bus Terminus)

₹6600/sq.ft.

The guideline value for T.h.road (chalra Hospital To Tolgate Bus Terminus) in Tondaiarpet village (Royapuram SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Tondaiarpet

Village

Royapuram

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1200 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.
044-25960108
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on T.h.road (chalra Hospital To Tolgate Bus Terminus)

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T.H.Road (Chalra Hospital to Tolgate Bus Terminus) guideline value

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

How the guideline value of T.H.Road (Chalra Hospital to Tolgate Bus Terminus) has changed

The guideline value for T.H.Road has seen several revisions over the years. The earliest recorded value in 2007 was Rs 1,200 per sq.ft, which then increased significantly by 400% to Rs 6,000 per sq.ft in 2012. However, in 2017, the value dropped to Rs 4,020 per sq.ft, marking a decrease of 33%. The value then rose to Rs 6,000 per sq.ft in 2023, before increasing by 10% to the current rate of Rs 6,600 per sq.ft in 2024.

Between 2017 and 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 450%. The register for the years 2002 and 2003 does not have figures for this street.

Guideline values in Tondaiarpet

Tondaiarpet village has a total of 1,384 streets under the Royapuram SRO, with guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, indicating that T.H.Road (Chalra Hospital to Tolgate Bus Terminus) is above the median with its current rate of Rs 6,600 per sq.ft.

Stamp duty and registration fee for property in T.H.Road (Chalra Hospital to Tolgate Bus Terminus)

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, and the registration fee at 2% would be Rs 1,32,000, bringing the total cost for these fees 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 calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers T.H.Road (Chalra Hospital to Tolgate Bus Terminus)?

The Sub Registrar Office that covers T.H.Road (Chalra Hospital to Tolgate Bus Terminus) 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 a crucial factor when registering property transactions in Tondaiarpet. It serves as the basis for calculating stamp duty and registration fees, which are mandatory costs incurred during the buying and selling process.

When a property is sold, the guideline value helps determine the official value of the property for registration purposes. Buyers and sellers should be aware that the duty is calculated on either the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for T.H.Road (Chalra Hospital to Tolgate Bus Terminus)?

The current guideline value for T.H.Road (Chalra Hospital to Tolgate Bus Terminus) 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 significantly from Rs 1,200 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What is the land classification for T.H.Road (Chalra Hospital to Tolgate Bus Terminus)?

T.H.Road (Chalra Hospital to Tolgate Bus Terminus) is classified as Commercial Class I Type - II, indicating its commercial significance in the area.

Where can I find the Royapuram Sub Registrar Office?

The Royapuram Sub Registrar Office is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. This is the office that covers T.H.Road (Chalra Hospital to Tolgate Bus Terminus).

How are stamp duty and registration fees calculated for properties on T.H.Road?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. These fees are based on the higher of the guideline value or the sale price of the property.