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Guideline Value

Corporate

Guideline Value for Thamodarapuram Main Road

₹6600/sq.ft.

The guideline value for Thamodarapuram Main Road in Urur village (Adayar SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Urur

Village

Adayar

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1706 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1443 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.161(71/6), L.b Road (dr.muthulakshmi Salai) Tnhb Building,third Floor,thiruvanmiyur,chennai-600041
044-24415011
[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 Thamodarapuram Main Road

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Thamodarapuram Main Road guideline value

The current guideline value of Thamodarapuram Main Road is Rs 6,600 per sq.ft, effective from 1 July 2024. This road is located in Urur village, under the Adayar SRO, and is classified as Residential Class II Type - I.

How the guideline value of Thamodarapuram Main Road has changed

The guideline value for Thamodarapuram Main Road has seen several revisions over the years. In 2002, the guideline value was Rs 1,443 per sq.ft, which increased to Rs 1,706 per sq.ft in 2003, marking an 18% rise. The value continued to grow, reaching Rs 2,500 per sq.ft in 2007, a significant increase of 47%. By 2012, the value was Rs 6,000 per sq.ft, reflecting a 140% increase from the previous revision. However, it dropped to Rs 4,020 per sq.ft in 2017, showing a decrease of 33%.

From 2017 to 2023, the guideline value rose sharply to Rs 6,000 per sq.ft, which was a 49% increase. The latest revision in 2024 set the value at Rs 6,600 per sq.ft, a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 357%. There are no figures available for revisions in years not mentioned.

Guideline values in Urur

In Urur, there are 176 streets under the Adayar SRO, with guideline values ranging from Rs 4,400 to Rs 15,400 per sq.ft. The median value for these streets is Rs 6,600 per sq.ft, which is equal to the current value for Thamodarapuram Main Road. Below are the guideline values for other streets in Urur:

Stamp duty and registration fee for property in Thamodarapuram Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000. Together, the total cost for these fees would be Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thamodarapuram Main Road?

The Thamodarapuram Main Road falls under the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Urur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid to the government. Buyers should be aware that the guideline value is used to calculate these fees, ensuring that the transaction is officially recorded.

When a property is sold, the guideline value helps establish a fair price for the transaction, which is essential for legal and financial purposes. It is advisable for both buyers and sellers to be informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thamodarapuram Main Road?

The current guideline value of Thamodarapuram Main Road is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,443 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 357% over the years.

What is the stamp duty rate for properties in Thamodarapuram Main Road?

The stamp duty rate for properties in Thamodarapuram Main Road is 7% of the guideline value or the sale price, whichever is higher.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What are the guideline values of other streets in Urur?

Other streets in Urur have varying guideline values, with Thamodarapuram 3rd Street, 2nd Street, 1st Street, and Thamotharapuram 4th Street all valued at Rs 6,100 per sq.ft, while Theni Thottam and Thamodhapuram Lane are valued at Rs 4,400 per sq.ft.