Guideline Value for THIYAGARAYAR ROAD

Thiyagarayar Road guideline value

The current guideline value of Thiyagarayar Road is Rs 3,850 per sq.ft, effective from 1 July 2024. This road is located in Hastinapuram village, under the Pallavaram SRO, and is classified as Mixed Type - II land.

How the guideline value of Thiyagarayar Road has changed

Over the years, the guideline value of Thiyagarayar Road has seen several revisions. The earliest recorded value is from 2012, which was Rs 3,500 per sq.ft. In 2017, this value decreased to Rs 2,345 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 3,500 per sq.ft, reflecting a 49% rise. The latest revision in 2024 has set the value at Rs 3,850 per sq.ft, which is a 10% increase from the previous year, 2023.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Hastinapuram

In Hastinapuram, there are 277 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 4,400 per sq.ft. The median value among these streets is Rs 2,970 per sq.ft, positioning Thiyagarayar Road's 2024 figure above this median.

• Thiyagarajan Street: Rs 2,420 per sq.ft (2024)
• Thoilkapiyam Street: Rs 2,970 per sq.ft (2024)
• Thiru.Vi.Ka Nagar Main Road: Rs 3,850 per sq.ft (2024)
• Thiru.Vi.Ka.Nagar 2nd Street: Rs 2,380 per sq.ft (2024)
• Thiru.VI.Ka 1 And 2nd Cross Street: Rs 2,380 per sq.ft (2024)
• Thiruvaluvar Nagar & Street: Rs 2,380 per sq.ft (2024)

Stamp duty and registration fee for property in Thiyagarayar Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, making the total fees together Rs 3,46,500. 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 detailed calculations.

Which Sub Registrar Office covers Thiyagarayar Road?

The Sub Registrar Office that covers Thiyagarayar Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Hastinapuram. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue based on the property's assessed value, which is vital for maintaining public services and infrastructure.

Frequently asked questions

What is the current guideline value of Thiyagarayar Road?

The current guideline value of Thiyagarayar Road is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,850 per sq.ft in 2024. It was Rs 2,345 per sq.ft in 2017 and Rs 3,500 per sq.ft in 2012, showing various fluctuations over the years.

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

For a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500, and the registration fee would be Rs 77,000, totaling Rs 3,46,500.

Which office handles property registrations for Thiyagarayar Road?

The Pallavaram Sub Registrar Office handles property registrations for Thiyagarayar Road, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the land classification of Thiyagarayar Road?

Thiyagarayar Road is classified as Mixed Type - II land, which indicates a blend of residential and commercial usage.