Guideline Value

Corporate

Guideline Value for THIYAGARAYA ROAD / PONDY BAZAAR

₹27500/sq.ft.

The guideline value for Thiyagaraya Road / Pondy Bazaar in Tnagar village (Thiyagaraya Nagar SRO, Chennai zone) is Rs 27500 per sq.ft, effective 1 July 2024. It was Rs 25000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Tnagar

Village

Thiyagaraya Nagar

SRO

Commercial Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹27500 /sq.ft.
From 1-4-2023 ₹25000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹16750 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

27/14,vetnari Hospital Road Panpet Nandhanam Chennai-35
044-24340958
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Thiyagaraya Road / Pondy Bazaar

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Thiyagaraya Road / Pondy Bazaar guideline value

The current guideline value of Thiyagaraya Road / Pondy Bazaar is Rs 27,500 per sq.ft, effective from 1 July 2024. This area falls under Tnagar village, governed by the Thiyagaraya nagar SRO, and is classified as Commercial Special Type - I.

How the guideline value of Thiyagaraya Road / Pondy Bazaar has changed

The guideline value for Thiyagaraya Road / Pondy Bazaar has undergone several revisions. The oldest recorded revision was in 2017, where the value was Rs 16,750 per sq.ft. This increased to Rs 25,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 27,500 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median guideline value in this area is Rs 11,000 per sq.ft, placing Thiyagaraya Road / Pondy Bazaar above this median.

Stamp duty and registration fee for property in Thiyagaraya Road / Pondy Bazaar

For a 1,000 sq.ft plot at the current guideline value of Rs 27,500 per sq.ft, the total guideline value amounts to Rs 2,75,00,000. The stamp duty at 7% would be Rs 19,25,000, and the registration fee at 2% would be Rs 5,50,000, bringing the total cost to Rs 24,75,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiyagaraya Road / Pondy Bazaar?

The Thiyagaraya Road / Pondy Bazaar area is covered by the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35. For more information, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Tnagar. It is used to determine the stamp duty and registration fees payable during the registration of property. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements and to accurately assess the costs involved in a transaction.

When purchasing property, the guideline value is compared with the sale price. The higher of the two figures is used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thiyagaraya Road / Pondy Bazaar?

The current guideline value of Thiyagaraya Road / Pondy Bazaar is Rs 27,500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

From the 2017 revision to the 2024 revision, the guideline value has increased by 64%, from Rs 16,750 per sq.ft to Rs 27,500 per sq.ft.

What is the median guideline value for streets in Tnagar?

The median guideline value for streets in Tnagar is Rs 11,000 per sq.ft, with Thiyagaraya Road / Pondy Bazaar being above this median.

What are the stamp duty rates for property transactions in Thiyagaraya Road / Pondy Bazaar?

The stamp duty for property transactions in Thiyagaraya Road / Pondy Bazaar is charged at 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Thiyagaraya Road / Pondy Bazaar?

The Thiyagaraya nagar Sub Registrar Office handles property registrations for Thiyagaraya Road / Pondy Bazaar, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.