Guideline Value for THANJAVUR ROAD

Thanjavur Road guideline value

The current guideline value of Thanjavur Road is Rs 11,000 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village and falls under the Thiyagaraya nagar SRO, classified as Residential Special Type - I.

How the guideline value of Thanjavur Road has changed

The guideline value for Thanjavur Road has undergone several revisions over the years. In 2002, the value was Rs 1,274 per sq.ft, which increased to Rs 1,900 per sq.ft in 2003, marking a change of +49%. The value then rose to Rs 3,000 per sq.ft in 2007, a significant increase of +58%. Following this, the value saw a substantial jump to Rs 10,000 per sq.ft in 2012, which represented an increase of +233%. However, in 2017, the value decreased to Rs 6,700 per sq.ft, reflecting a decline of -33%. The most recent revisions show the value at Rs 10,000 per sq.ft in 2023, and it has now increased to Rs 11,000 per sq.ft in 2024, marking a rise of +10%.

Overall, from 2002 to 2024, the guideline value has increased by +763%. There are no figures available for the revisions of years not listed in the register for this street.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO, with guideline values ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median guideline value is Rs 11,000 per sq.ft, which is equal to the current value of Thanjavur Road.

• Thanikachalam Road: Rs 17,600 per sq.ft (2024)
• Thangavalu Street: Rs 6,600 per sq.ft (2024)
• Thiagaraya Grammani Street: Rs 8,800 per sq.ft (2024)
• Thilak Street: Rs 11,000 per sq.ft (2024)
• Thilak Street Extension: Rs 17,600 per sq.ft (2024)
• Thirumalai Pillai 1st Street: Rs 14,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thanjavur Road

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value would be Rs 1,10,00,000. The stamp duty at 7% would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, bringing the total to Rs 9,90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thanjavur Road?

The Sub Registrar Office that covers Thanjavur Road is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is used as a benchmark for determining the minimum value of properties during registration. When a property is bought or sold, the guideline value helps in calculating the stamp duty and registration fees that are applicable.

It is essential for buyers and sellers to be aware of the guideline value as it ensures compliance with local regulations during the registration process. This value also aids in transparency in property transactions.

Frequently asked questions

What is the current guideline value of Thanjavur Road?

The current guideline value of Thanjavur Road is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,274 per sq.ft in 2002 to Rs 11,000 per sq.ft in 2024, reflecting an overall increase of +763% across the years.

What is the land classification for Thanjavur Road?

Thanjavur Road is classified as Residential Special Type - I under the Thiyagaraya nagar SRO.

Where can I find the Sub Registrar Office for Thanjavur Road?

The Sub Registrar Office for Thanjavur Road is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.

How is stamp duty calculated for properties on Thanjavur Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot valued at Rs 1,10,00,000, the stamp duty would be Rs 7,70,000.