Guideline Value for THOTTAKARA STREET

Thottakara Street guideline value

The current guideline value of Thottakara Street is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Tiruttani village, under the Thiruttani SRO, and is classified as Residential Class III Type - I.

How the guideline value of Thottakara Street has changed

The guideline value for Thottakara Street has seen several revisions over the years. The earliest recorded revision is from 2017, where the value was Rs 502 per sq.ft. This increased significantly to Rs 750 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 825 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions from 2002, 2003, 2007, and 2012, indicating that the guideline value for Thottakara Street was not recorded during these years. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value, ranging from Rs 548 to Rs 1,540 per sq.ft. The median value is Rs 825 per sq.ft, which is equal to the current guideline value of Thottakara Street.

• Thuraivari Pettai Road: Rs 1,099 per sq.ft (2024)
• Thirukulam Area: Rs 825 per sq.ft (2024)
• Thekkalur Road: Rs 550 per sq.ft (2024)
• Theepanji Amman Koil Street: Rs 770 per sq.ft (2024)
• Thasildhar Quarters: Rs 550 per sq.ft (2024)
• Thanigesan Nagar: Rs 548 per sq.ft (2024)

Stamp duty and registration fee for property in Thottakara Street

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value would be Rs 8,25,000. The stamp duty at 7% would amount to Rs 57,750, and the registration fee at 2% would be Rs 16,500, resulting in a total of Rs 74,250. 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 Thottakara Street?

The Sub Registrar Office that covers Thottakara Street is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Tiruttani. It serves as a benchmark for determining the applicable stamp duty and registration fees during the transaction process.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thottakara Street?

The current guideline value of Thottakara Street is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 502 per sq.ft in 2017 to Rs 750 per sq.ft in 2023, and then to Rs 825 per sq.ft in 2024. Overall, this represents a 64% increase from 2017 to 2024.

What are the stamp duty and registration fees for property in Thottakara Street?

For a 1,000 sq.ft plot at the guideline value of Rs 825 per sq.ft, the total guideline value is Rs 8,25,000. The stamp duty would be Rs 57,750, and the registration fee would be Rs 16,500, totaling Rs 74,250.

Which office handles property registration for Thottakara Street?

The Thiruttani Sub Registrar Office handles property registration for Thottakara Street. It is located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

What is the land classification for Thottakara Street?

Thottakara Street is classified as Residential Class III Type - I. This classification affects the guideline value and other regulatory aspects related to property transactions in the area.