Guideline Value for THURAIVARI PETTAI ROAD

Thuraivari Pettai Road guideline value

The current guideline value of Thuraivari Pettai Road is Rs 1,099 per sq.ft, effective from 1 July 2024. This road is located in Tiruttani village, under the Thiruttani SRO, and is classified as Residential Class I Type - I.

How the guideline value of Thuraivari Pettai Road has changed

The guideline value for Thuraivari Pettai Road has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,099 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 1,000 per sq.ft. Prior to that, in 2017, the guideline value was Rs 670 per sq.ft, showing a significant increase of 49% to the 2023 figure. There are no registered figures for this street for the years 2002, 2003, 2007, and 2012.

Overall, from 2017 to 2024, the guideline value has increased by 64%. This demonstrates a steady rise in the guideline value over the years, reflecting changes in the real estate landscape in the area.

Guideline values in Tiruttani

Tiruttani village has a total of 160 streets under the Thiruttani SRO, with guideline values for 2024 ranging from Rs 548 to Rs 1,540 per sq.ft. The median guideline value in the village is Rs 825 per sq.ft, placing Thuraivari Pettai Road's 2024 figure above this median.

• Thottakara Street: Rs 825 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 Thuraivari Pettai Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,099 per sq.ft, the total guideline value would be Rs 10,99,000. The stamp duty at 7% would amount to Rs 76,930, and the registration fee at 2% would be Rs 21,980, bringing the total cost for these fees to Rs 98,910. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thuraivari Pettai Road?

The Sub Registrar Office that covers Thuraivari Pettai Road 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 registering property transactions in Tiruttani. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Thuraivari Pettai Road?

The current guideline value of Thuraivari Pettai Road is Rs 1,099 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 670 per sq.ft in 2017 to Rs 1,099 per sq.ft in 2024, which is an overall increase of 64%.

What is the median guideline value in Tiruttani?

The median guideline value in Tiruttani village is Rs 825 per sq.ft, with Thuraivari Pettai Road's current value being above this median.

What are the registration fees for property in Thuraivari Pettai Road?

The registration fees include a stamp duty of 7% and a registration fee of 2% on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Thuraivari Pettai Road?

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