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 street is located in Ponneri_2 village under the Ponneri SRO, classified as Residential Special Type - I.

How the guideline value of Thiruvottiyur High Road has changed

The guideline value for Thiruvottiyur High Road has undergone several revisions over the years. The oldest recorded figure is from the 2017 revision, which was Rs 804 per sq.ft. This figure saw a significant increase of 49% to Rs 1,200 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Ponneri_2

In Ponneri_2, there are 75 streets under the Ponneri SRO with a 2024 guideline value ranging from Rs 700 to Rs 1,300 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, placing Thiruvottiyur High Road's value above this median.

• T.H. Road: Rs 702 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)
• Varadhappa Naicken St: Rs 1,200 per sq.ft (2024)
• Thaiyuman Chetty St: Rs 1,200 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 rate of Rs 1,200 per sq.ft, the 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, totaling Rs 1,08,000. 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 Ponneri_2

The guideline value is a crucial factor in the registration process when buying or selling property in Ponneri_2. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures compliance with local regulations and helps in maintaining transparency in 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 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 2024, marking a 49% increase overall from 2017 to 2024.

What are the guideline values of other streets in Ponneri_2?

Other streets in Ponneri_2 have varying guideline values, with rates ranging from Rs 700 to Rs 1,300 per sq.ft. Thiruvottiyur High Road's value is above the median of Rs 700 per sq.ft.

What fees are associated with property transactions on Thiruvottiyur High Road?

For transactions on Thiruvottiyur High Road, the stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Thiruvottiyur High Road?

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