Guideline Value for THIRUVOTTHIYUR HIGH ROAD

Thiruvotthiyur High Road guideline value

The current guideline value of Thiruvotthiyur High Road is Rs 3,800 per sq.ft, effective from 1 July 2024. This road is located in Ernavur village and falls under the Thiruvottiyur SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Thiruvotthiyur High Road has changed

Over the years, the guideline value of Thiruvotthiyur High Road has seen significant changes. The 2007 revision set the value at Rs 1,200 per sq.ft, which increased dramatically to Rs 3,500 per sq.ft in 2012, marking a rise of 192%. However, from 2012 to 2017, the value decreased to Rs 2,345 per sq.ft, a drop of 33%. The subsequent revisions saw the value rise again to Rs 3,500 per sq.ft in 2023, and it has now reached Rs 3,800 per sq.ft in the 2024 revision, reflecting an increase of 9% from the previous year.

In summary, the guideline value has increased from Rs 1,200 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, which is an overall increase of 217%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Ernavur

In Ernavur, there are 82 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 7,300 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value for Thiruvotthiyur High Road is above this median, indicating a higher valuation compared to many other streets in the area.

• Thiruveethiyamman Koil Street: Rs 1,400 per sq.ft (2024)
• Thiruvalluvar Nagar/Street: Rs 1,600 per sq.ft (2024)
• Thirumoorthi Nagar: Rs 3,300 per sq.ft (2024)
• Valluvar Nagar: Rs 1,400 per sq.ft (2024)
• Varadharaja Perumal Nagar: Rs 3,300 per sq.ft (2024)
• Vasantham Colony: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvotthiyur High Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total fees to Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvotthiyur High Road?

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

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ernavur. It serves as a benchmark for determining the minimum value of the property, which is essential for calculating the stamp duty and registration fees.

When a property is sold, the sale price is compared to the guideline value. The higher of the two values is used to calculate the applicable duties and fees, ensuring that all transactions are conducted fairly and transparently.

Frequently asked questions

What is the current guideline value of Thiruvotthiyur High Road?

The current guideline value of Thiruvotthiyur High Road is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,200 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, with various fluctuations in between, including a peak of Rs 3,500 per sq.ft in 2012 and 2023.

What are the stamp duty and registration fees for property in Thiruvotthiyur High Road?

For a 1,000 sq.ft plot, the total guideline value is Rs 38,00,000. The stamp duty at 7% amounts to Rs 2,66,000, and the registration fee at 2% is Rs 76,000, totaling Rs 3,42,000.

Which office handles property registrations for Thiruvotthiyur High Road?

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

What is the land classification for Thiruvotthiyur High Road?

The land classification for Thiruvotthiyur High Road is Commercial Class I Type - I, indicating its suitability for commercial activities.