Guideline Value for THIRYAGARAJAN STREET

Thiryagarajan Street guideline value

The current guideline value of Thiryagarajan Street is Rs 3,700 per sq.ft, effective from 1 July 2024. This street is located in Thiruvottiyur village, under the Thiruvottiyur SRO, with a land classification of Mixed Special Type - II.

How the guideline value of Thiryagarajan Street has changed

The guideline value for Thiryagarajan Street has seen several revisions over the years. In the 2007 revision, the value was set at Rs 800 per sq.ft, which increased significantly to Rs 3,400 per sq.ft in 2012, marking a rise of 325%. However, in the 2017 revision, the value dropped to Rs 2,278 per sq.ft, reflecting a decrease of 33%. The subsequent revision in 2023 raised the guideline value to Rs 3,400 per sq.ft, and the latest revision in 2024 further increased it to Rs 3,700 per sq.ft, a change of 9% from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 363%. It is important to note that the register has no figures 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 guideline value for 2024, ranging from Rs 1,300 to Rs 8,600 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Thiryagarajan Street's 2024 figure above that median.

• Thiruvottiyur Kuppam: Rs 2,150 per sq.ft (2024)
• Thiruvottiyur High Road(Madras-Ennore Road): Rs 5,500 per sq.ft (2024)
• Thiruvottiyur High Road: Rs 5,500 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 Thiryagarajan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,700 per sq.ft, the total guideline value would be Rs 37,00,000. The stamp duty at 7% would amount to Rs 2,59,000, and the registration fee at 2% would be Rs 74,000, bringing the total to Rs 3,33,000. 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 Thiryagarajan Street?

The Sub Registrar Office that covers Thiryagarajan Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Thiruvottiyur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers must be aware of the guideline value to ensure they comply with the legal requirements during the registration process.

When registering a property, the guideline value serves as a benchmark for calculating the taxes involved. This ensures that the transaction is recorded accurately and that the appropriate fees are collected by the authorities.

Frequently asked questions

What is the current guideline value of Thiryagarajan Street?

The current guideline value of Thiryagarajan Street is Rs 3,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 800 per sq.ft in 2007 to Rs 3,700 per sq.ft in 2024, marking an overall increase of 363% over the years.

What is the land classification of Thiryagarajan Street?

The land classification of Thiryagarajan Street is Mixed Special Type - II.

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.

How is the stamp duty calculated for property in Thiryagarajan Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 37,00,000, the stamp duty would be Rs 2,59,000 at 7%.