Guideline Value for THIRUVOTTIYUR HIGH ROAD

Thiruvottiyur High Road guideline value

The current guideline value of Thiruvottiyur High Road is Rs 1,200 per sq.ft, effective from 1 July 2024. This road is located in Ponneri 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. In 2002, the value was Rs 113 per sq.ft, which increased to Rs 294 per sq.ft in 2003, marking a 160% rise. The subsequent revisions showed an increase to Rs 800 per sq.ft in 2012, followed by a slight rise to Rs 804 per sq.ft in 2017. The value then jumped to Rs 1,200 per sq.ft in both 2023 and 2024, indicating a 49% increase from 2017 to 2023. Notably, there is no figure available for the year 2007 in the register.

Overall, from 2002 to 2024, the guideline value has increased by 962%. The revisions reflect a consistent upward trend, with the most recent figures showing no change from 2023 to 2024, remaining at Rs 1,200 per sq.ft.

Guideline values in Ponneri

Ponneri village features 120 streets under the Ponneri SRO, with guideline values ranging from Rs 201 to Rs 1,200 per sq.ft. The median guideline value in this area is Rs 700 per sq.ft, positioning Thiruvottiyur High Road above this median.

• Thiruvallur Salai: Rs 700 per sq.ft (2024)
• Udayam Nagar: Rs 700 per sq.ft (2024)
• Vallalar Street: Rs 700 per sq.ft (2024)
• Theradi Cross Street: Rs 1,200 per sq.ft (2024)
• Theradi Burma Nagar: Rs 1,200 per sq.ft (2024)
• Vaniamkulam Salai: Rs 700 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 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total charges to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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, in the Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ponneri. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thiruvottiyur High Road?

The current guideline value of Thiruvottiyur High Road is Rs 1,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 113 per sq.ft in 2002 to Rs 1,200 per sq.ft in 2024, marking an overall increase of 962%.

What is the median guideline value in Ponneri?

The median guideline value in Ponneri is Rs 700 per sq.ft, with Thiruvottiyur High Road's value being above this median.

What are the stamp duty and registration fees for properties on Thiruvottiyur High Road?

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000.

Where is the Sub Registrar Office for Thiruvottiyur High Road located?

The Sub Registrar Office for Thiruvottiyur High Road is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.