Guideline Value for THIRUCHINAGUPPAM ROAD

Thiruchinaguppam Road guideline value

The current guideline value of Thiruchinaguppam Road is Rs 2,800 per sq.ft, effective from 1 July 2024. This road is located in Thiruvottiyur village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - III.

How the guideline value of Thiruchinaguppam Road has changed

Thiruchinaguppam Road has seen several revisions in its guideline value over the years. In the 2007 revision, the value was Rs 600 per sq.ft, which increased significantly to Rs 2,600 per sq.ft in the 2012 revision, marking a rise of 333%. However, in the 2017 revision, the value decreased to Rs 1,742 per sq.ft, reflecting a decline of 33%. The value then rose again to Rs 2,600 per sq.ft in the 2023 revision, with an increase of 49% before reaching the current value of Rs 2,800 per sq.ft in the 2024 revision, which is an 8% increase from the previous year.

The register has no figure for Thiruchinaguppam Road for the years 2002 and 2003. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 367%.

Guideline values in Thiruvottiyur

In Thiruvottiyur, there are 177 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 8,600 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value of Thiruchinaguppam Road is below this median.

• Thirumalai Avenue: Rs 3,700 per sq.ft (2024)
• Thilagar Nagar: Rs 1,900 per sq.ft (2024)
• Thirunagar: Rs 3,700 per sq.ft (2024)
• Thirunagar Extn: Rs 3,700 per sq.ft (2024)
• Thiruvallur Street: Rs 5,500 per sq.ft (2024)
• Teachers Nagar: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruchinaguppam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total fees together to Rs 2,52,000. Please 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 information.

Which Sub Registrar Office covers Thiruchinaguppam Road?

The Sub Registrar Office covering Thiruchinaguppam Road is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Thiruvottiyur. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction.

When you register a property, the guideline value is used to calculate the applicable charges, ensuring that both the buyer and seller are aware of the financial obligations involved in the sale.

Frequently asked questions

What is the current guideline value of Thiruchinaguppam Road?

The current guideline value of Thiruchinaguppam Road is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, marking an overall increase of 367% over the years.

What are the stamp duty and registration fees for properties on this road?

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which office handles registrations for Thiruchinaguppam Road?

The Thiruvottiyur Sub Registrar Office handles registrations for Thiruchinaguppam Road, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the land classification for Thiruchinaguppam Road?

Thiruchinaguppam Road is classified as Residential Special Type - III, indicating its specific zoning for residential purposes.