Guideline Value for T.N.H.B. ROAD

T.N.H.B. Road guideline value

The current guideline value of T.N.H.B. Road is Rs 3,520 per sq.ft, effective from 1 July 2024. This road is located in Thiruvanmiyur village under the Chennai South Joint I SRO, classified as Residential Class V Type - III.

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

The guideline value of T.N.H.B. Road has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 1,022 per sq.ft. This increased to Rs 1,131 per sq.ft in 2003, marking a change of +11%. The value then rose significantly to Rs 1,800 per sq.ft in 2007, which was a +59% increase. By 2012, the value reached Rs 3,200 per sq.ft, reflecting a +78% change from the previous revision.

In the 2017 revision, the guideline value was set at Rs 2,144 per sq.ft, which was a decrease of -33% from 2012. This was followed by a substantial increase to Rs 3,200 per sq.ft in 2023, showing a +49% change. Finally, the current 2024 revision has set the guideline value at Rs 3,520 per sq.ft, representing a +10% increase from the previous year. There are no figures available for the revisions in years not listed.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median value for these streets is Rs 9,900 per sq.ft, placing T.N.H.B. Road's 2024 figure below that median.

• T.N.H.B Ext: Rs 3,520 per sq.ft (2024)
• T.Munusamy Maistry Street: Rs 9,900 per sq.ft (2024)
• Tiger Varadhachariar Road: Rs 11,000 per sq.ft (2024)
• Tidel Park: Rs 12,650 per sq.ft (2024)
• Vaigai Street: Rs 11,000 per sq.ft (2024)
• Thiruveethiamman Koil 3rd Street / Extn: Rs 3,520 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total cost together to Rs 3,16,800. It is important to note that 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 further calculations.

Which Sub Registrar Office covers T.N.H.B. Road?

The Sub Registrar Office that covers T.N.H.B. Road is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. To find your SRO, you can visit the provided link.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruvanmiyur. It is used to determine the stamp duty and registration fees that must be paid at the time of registration. The higher of the guideline value or the sale price is considered for calculating these fees.

When a property transaction occurs, the guideline value ensures that the government receives appropriate revenue from property transactions. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property dealings.

Frequently asked questions

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

The current guideline value of T.N.H.B. Road is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,022 per sq.ft in 2002 to Rs 3,520 per sq.ft in 2024, showing an overall increase of +244% over this period.

What is the median guideline value in Thiruvanmiyur?

The median guideline value for streets in Thiruvanmiyur is Rs 9,900 per sq.ft, while T.N.H.B. Road's value is below this median.

What are the stamp duty and registration fees for T.N.H.B. Road?

For a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400, and the registration fee would be Rs 70,400, totaling Rs 3,16,800.

Which office handles registrations for T.N.H.B. Road?

The Chennai South Joint I Sub Registrar Office handles registrations for T.N.H.B. Road, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.