Guideline Value for THIRUVOTTIYUR HIGH ROAD(MADRAS-ENNORE ROAD)

Thiruvottiyur High Road(Madras-Ennore Road) guideline value

The current guideline value of Thiruvottiyur High Road (Madras-Ennore Road) is Rs 5,500 per sq.ft, effective from 1 July 2024. This road is located in Thiruvottiyur village, under the Thiruvottiyur SRO, and is classified as Mixed Special Type - I.

How the guideline value of Thiruvottiyur High Road(Madras-Ennore Road) has changed

The guideline value for Thiruvottiyur High Road has seen several revisions over the years. The register shows no figures for the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 5,000 per sq.ft in the 2023 revision, which increased by 10% to Rs 5,500 per sq.ft in the 2024 revision.

This change reflects the adjustments made in the guideline values over time. The 2024 figure is the most recent update and indicates an upward trend from the previous year's value.

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 for Thiruvottiyur High Road is above this median.

• Thiruvottiyur High Road: Rs 5,500 per sq.ft (2024)
• Thiruvottiyur Kuppam: Rs 2,150 per sq.ft (2024)
• Thiryagarajan Street: Rs 3,700 per sq.ft (2024)
• Thiyagarayapuram: Rs 2,800 per sq.ft (2024)
• Thiyagi Sathiyamorthi Nagar: Rs 2,800 per sq.ft (2024)
• Thulukkana Naicken Street: Rs 3,700 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvottiyur High Road(Madras-Ennore Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees to Rs 4,95,000. 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 Thiruvottiyur High Road(Madras-Ennore Road)?

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

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

The guideline value plays a crucial role in the registration process of property transactions in Thiruvottiyur. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is considered to ensure that the relevant taxes are accurately assessed. This process helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value for Thiruvottiyur High Road?

The current guideline value for Thiruvottiyur High Road (Madras-Ennore Road) is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Thiruvottiyur High Road has changed from Rs 5,000 per sq.ft in 2023 to Rs 5,500 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Thiruvottiyur High Road?

Thiruvottiyur High Road is classified as Mixed Special Type - I. This classification affects the guideline value and regulations pertaining to property in this area.

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. This office handles the registration of properties in the Thiruvottiyur area.

How is the stamp duty calculated for properties in Thiruvottiyur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 55,00,000 would incur a stamp duty of Rs 3,85,000 at a rate of 7%.