Guideline Value

Corporate

Guideline Value for T.H.Road 1st Lane

₹3300/sq.ft.

The guideline value for T.h.road 1st Lane in Tondaiarpet village (Royapuram SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Tondaiarpet

Village

Royapuram

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1100 /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 1st Lane

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T.H.Road 1st Lane guideline value

The current guideline value of T.H.Road 1st Lane in Tondaiarpet village is Rs 3,300 per sq.ft, effective from 1 July 2024. This property falls under the Royapuram SRO and is classified as Residential Special Type - I.

How the guideline value of T.H.Road 1st Lane has changed

The guideline value for T.H.Road 1st Lane has seen several revisions over the years. The earliest recorded value was Rs 1,100 per sq.ft in 2007. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a 173% rise. However, it then decreased to Rs 2,010 per sq.ft in 2017, a drop of 33%. Following this, the value surged to Rs 3,000 per sq.ft in 2023, which was a 49% increase. The latest revision in 2024 sets the value at Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 200%.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, placing T.H.Road 1st Lane above this median.

Stamp duty and registration fee for property in T.H.Road 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for precise calculations based on your property details.

Which Sub Registrar Office covers T.H.Road 1st Lane?

The Sub Registrar Office that covers T.H.Road 1st Lane is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. For more information, you can find your SRO.

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

The guideline value is a crucial factor during property registration in Tondaiarpet. It serves as the baseline for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a standard value determined by the local government.

When buying or selling property, the guideline value helps in establishing a fair price for taxation purposes. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of T.H.Road 1st Lane?

The current guideline value of T.H.Road 1st Lane is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 200% over the years.

What is the land classification for T.H.Road 1st Lane?

T.H.Road 1st Lane is classified as Residential Special Type - I under the guideline value register.

Where can I find the Sub Registrar Office for T.H.Road 1st Lane?

The Sub Registrar Office for T.H.Road 1st Lane is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is stamp duty calculated for properties in T.H.Road 1st Lane?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at 7%.