Guideline Value for THIRUVOTTIYUR HIGH ROAD

Thiruvottiyur High Road guideline value

The current guideline value of Thiruvottiyur High Road is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Thiruvottiyur village and falls under the jurisdiction of the Thiruvottiyur SRO. The land classification for this area is Mixed Special Type - I.

How the guideline value of Thiruvottiyur High Road has changed

The guideline value of Thiruvottiyur High Road has seen several revisions over the years. In 2007, the guideline value was Rs 1,200 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012. However, it decreased to Rs 3,350 per sq.ft in 2017 before rising again to Rs 5,000 per sq.ft in 2023. The latest revision in 2024 has set the guideline value at Rs 5,500 per sq.ft.

From 2007 to 2024, the overall increase in guideline value is 358%. The most notable change occurred between 2007 and 2012, where the value surged by 317%. However, from 2012 to 2017, there was a decline of 33%. The increase from 2023 to 2024 is 10%, while the jump from 2017 to 2023 was 49%. Notably, there are no figures available for the years 2002 and 2003 for this street.

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 of Thiruvottiyur High Road is above this median, reflecting its significant valuation.

• Thiruvottiyur High Road(Madras-Ennore 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

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, while the registration fee at 2% would be Rs 1,10,000, bringing the total cost for these fees to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating your fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvottiyur 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 details.

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

The guideline value plays a crucial role in the registration of property transactions in Thiruvottiyur. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the government receives the correct revenue from property transactions.

It is important for buyers and sellers to be aware of the current guideline value, as it can affect the overall cost of the transaction. Knowing the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Thiruvottiyur High Road?

The current guideline value of Thiruvottiyur High 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 has changed significantly from Rs 1,200 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting a total increase of 358% over the years.

What are the other streets in Thiruvottiyur with their guideline values?

Other streets in Thiruvottiyur include Thiruvottiyur Kuppam at Rs 2,150 per sq.ft, Thiryagarajan Street at Rs 3,700 per sq.ft, and Thulukkana Naicken Street at Rs 3,700 per sq.ft, among others.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 4,95,000.

Which Sub Registrar Office covers Thiruvottiyur High Road?

The Thiruvottiyur High Road is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.