Guideline Value for THEKKALUR ROAD

Thekkalur Road guideline value

The current guideline value of Thekkalur Road is Rs 550 per sq.ft, effective from 1 July 2024. This road is located in Tiruttani village under the Thiruttani SRO, classified as Residential Class V Type - I.

How the guideline value of Thekkalur Road has changed

The guideline value for Thekkalur Road has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 335 per sq.ft. This increased significantly to Rs 500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision has further increased the value to Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value ranging from Rs 548 to Rs 1,540 per sq.ft, with a median value of Rs 825 per sq.ft. The guideline value of Thekkalur Road is below this median.

• Theepanji Amman Koil Street: Rs 770 per sq.ft (2024)
• Thasildhar Quarters: Rs 550 per sq.ft (2024)
• Thanigesan Nagar: Rs 548 per sq.ft (2024)
• Thanigai Meenakshi Amman Koil Street: Rs 825 per sq.ft (2024)
• Thirukulam Area: Rs 825 per sq.ft (2024)
• Super Market: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thekkalur Road

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. 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 more details.

Which Sub Registrar Office covers Thekkalur Road?

Thekkalur Road falls under the jurisdiction of the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Tiruttani. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property in a legal context. It is essential for 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 Thekkalur Road?

The current guideline value of Thekkalur Road is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, and then to Rs 550 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What is the land classification of Thekkalur Road?

Thekkalur Road is classified as Residential Class V Type - I under the Thiruttani SRO.

What are the stamp duty and registration fees for property on Thekkalur Road?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500, and the registration fee would be Rs 11,000, totaling Rs 49,500.

Where is the Sub Registrar Office for Thekkalur Road located?

The Thiruttani Sub Registrar Office is located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.