Guideline Value for THAZHAMBUR ROAD

Thazhambur Road guideline value

The current guideline value of Thazhambur Road is Rs 1,400 per sq.ft, as per the 2023 revision. This street is located in Navaloor village and falls under the Thiruporur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Thazhambur Road has changed

The guideline value for Thazhambur Road has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 475 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2012 revision, marking a significant increase of 111%. However, the 2017 revision saw a decrease to Rs 670 per sq.ft, which was a decline of 33%. The most recent revision in 2023 brought the guideline value back up to Rs 1,400 per sq.ft, reflecting an increase of 109% from the previous figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 195%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Navaloor

Currently, there are no specific village figures available for Navaloor. Thazhambur Road is the only street mentioned in the context of the guideline value. There are no other streets in Navaloor listed under the Thiruporur SRO.

Stamp duty and registration fee for property in Thazhambur Road

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total to Rs 1,26,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thazhambur Road?

The Thiruporur Sub Registrar Office covers Thazhambur Road. The office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor when buying or selling property in Navaloor, as it determines the minimum value at which a property can be registered. Buyers should be aware that the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the sale price must be equal to or greater than the guideline value to avoid any legal complications. This ensures that the transaction is conducted transparently and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Thazhambur Road?

The current guideline value of Thazhambur Road is Rs 1,400 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 475 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2023, representing an overall increase of 195% over the years.

What are the stamp duty and registration fees for properties on Thazhambur Road?

For a property valued at Rs 14,00,000, the stamp duty would be Rs 98,000 and the registration fee would be Rs 28,000, totaling Rs 1,26,000.

Which Sub Registrar Office is responsible for Thazhambur Road?

The Thiruporur Sub Registrar Office is responsible for Thazhambur Road, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

Are there any other streets in Navaloor with guideline values?

No specific figures or other streets in Navaloor have been provided under the Thiruporur SRO besides Thazhambur Road.