Guideline Value for Thargass Road

Thargass Road guideline value

The current guideline value of Thargass Road is Rs 770 per sq.ft, effective from the 2024 revision. This road is located in Theerthangiriyampattu village, under the Redhills SRO, and is classified as Industries Type - I.

How the guideline value of Thargass Road has changed

The guideline value for Thargass Road has seen several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft, which increased to Rs 700 per sq.ft in 2012, marking a 40% rise. However, from 2012 to 2017, the value decreased to Rs 469 per sq.ft, a drop of 33%. The subsequent revision in 2017 raised the value to Rs 700 per sq.ft in 2023, reflecting a significant increase of 49%. The latest revision in 2024 set the value at Rs 770 per sq.ft, a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 54%.

Guideline values in Theerthangiriyampattu

Theerthangiriyampattu village has 24 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 880 per sq.ft. The median value for these streets is Rs 605 per sq.ft, placing Thargass Road's 2024 figure above this median.

• Thiruvalluvar Street: Rs 605 per sq.ft (2024)
• Thiru.Vi.Ka. Street: Rs 440 per sq.ft (2024)
• Sothupakkam Salai: Rs 770 per sq.ft (2024)
• Vivek Akbar Avenue: Rs 605 per sq.ft (2024)
• Vivek Akbar Avenue Extn: Rs 605 per sq.ft (2024)
• V.O.C. Street: Rs 605 per sq.ft (2024)

Stamp duty and registration fee for property in Thargass Road

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total charges to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thargass Road?

The Sub Registrar Office covering Thargass Road is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Theerthangiriyampattu. It determines the minimum value at which a property can be registered, ensuring that the government receives an appropriate stamp duty based on this value.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It is essential to consider this value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Thargass Road?

The current guideline value of Thargass Road is Rs 770 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 770 per sq.ft in 2024, representing an overall increase of 54%.

What is the registration office for Thargass Road?

The registration office for Thargass Road is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties on Thargass Road?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 770 per sq.ft, the stamp duty would be Rs 53,900.

What are the other streets in Theerthangiriyampattu?

Other streets in Theerthangiriyampattu include Thiruvalluvar Street, Thiru.Vi.Ka. Street, Sothupakkam Salai, Vivek Akbar Avenue, Vivek Akbar Avenue Extn, and V.O.C. Street, with varying guideline values.