Guideline Value for THIRUVOTTIYUR HIGH ROAD

Thiruvottiyur High Road guideline value

The current guideline value of Thiruvottiyur High Road is Rs 1,320 per sq.ft as per the 2024 revision, effective from 1 July 2024. This street is located in Minjur village under the Ponneri SRO and is classified as Residential Special Type - I.

How the guideline value of Thiruvottiyur High Road has changed

The guideline value for Thiruvottiyur High Road has seen significant changes over the years. The 2017 revision set the value at Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% increase. The most recent 2024 revision raised the guideline value to Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,320 per sq.ft, with a median value of Rs 550 per sq.ft. Thiruvottiyur High Road's 2024 guideline value is above this median.

• Thiruvudaiyamman Nagar: Rs 550 per sq.ft (2024)
• T.K.R. Road: Rs 1,320 per sq.ft (2024)
• T.R.Reddiyar Nagar: Rs 440 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 880 per sq.ft (2024)
• Udhaya Nagar: Rs 440 per sq.ft (2024)
• Union Carbide Employees Co Operative Nagar Phase-II: Rs 580 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvottiyur High Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvottiyur High Road?

The Sub Registrar Office that covers Thiruvottiyur High Road is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor when it comes to the registration of property transactions in Minjur. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum value at which the property can be registered. This means that if the sale price is lower than the guideline value, the duty will be charged based on the guideline value instead.

Frequently asked questions

What is the current guideline value of Thiruvottiyur High Road?

The current guideline value of Thiruvottiyur High Road is Rs 1,320 per sq.ft as per the 2024 revision, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023, and then to Rs 1,320 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What is the land classification for Thiruvottiyur High Road?

Thiruvottiyur High Road is classified as Residential Special Type - I, which is an important classification for property transactions in the area.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles registrations for properties in the Thiruvottiyur High Road area.

How is the stamp duty calculated for properties?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 13,20,000, the stamp duty at 7% would be Rs 92,400.