Guideline Value for THANGAL BUTT ROAD

Thangal Butt Road guideline value

The current guideline value of Thangal Butt 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. The land classification for this area is Residential Class V Type - III.

How the guideline value of Thangal Butt Road has changed

The guideline value for Thangal Butt Road has seen several revisions over the years. In 2002, the value was Rs 1,947 per sq.ft, which increased to Rs 2,154 per sq.ft in 2003, marking an increase of 11%. The value then rose significantly to Rs 3,000 per sq.ft in 2007, reflecting a 39% increase. In 2012, the value remained at Rs 3,200 per sq.ft, before dropping to Rs 2,144 per sq.ft in 2017, which was a decrease of 33%. Following this, the value rose to Rs 3,200 per sq.ft in 2023, and finally to Rs 3,520 per sq.ft in 2024, showing a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 81%. The register has no figures for the revisions in years not mentioned above.

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 Thangal Butt Road's 2024 figure below this median.

• Teachers Colony (Jayaram Nagar): Rs 7,150 per sq.ft (2024)
• Teachers Colony 4th Street: Rs 7,150 per sq.ft (2024)
• Teachers Colony 3rd Street: Rs 7,150 per sq.ft (2024)
• Teachers Colony 2nd Street: Rs 7,150 per sq.ft (2024)
• Teachers Colony 1st Street: Rs 7,150 per sq.ft (2024)
• Tamilnadu Sum Clearance Board: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Thangal Butt 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, resulting in a total of Rs 3,16,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thangal Butt Road?

The Sub Registrar Office that covers Thangal Butt 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. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Thiruvanmiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, it is essential to be aware of the current guideline value, as it impacts the overall cost of the transaction. Buyers should consider this value to understand the financial implications of their property purchase, including the associated fees.

Frequently asked questions

What is the current guideline value of Thangal Butt Road?

The current guideline value of Thangal Butt 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 1,947 per sq.ft in 2002 to Rs 3,520 per sq.ft in 2024, marking an overall increase of 81% over this period.

What is the land classification for Thangal Butt Road?

The land classification for Thangal Butt Road is Residential Class V Type - III.

Where can I find the Sub Registrar Office for Thangal Butt Road?

The Sub Registrar Office for Thangal Butt Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for properties in Thangal Butt Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 35,20,000, the stamp duty at 7% would be Rs 2,46,400.