Guideline Value for Thinakothan Road

Thinakothan Road guideline value

The current guideline value of Thinakothan Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Urur village under the Adayar SRO, classified as Residential Class IV Type - III.

How the guideline value of Thinakothan Road has changed

The guideline value for Thinakothan Road has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 330 per sq.ft. This increased to Rs 391 per sq.ft in 2003, marking an 18% rise. The value continued to climb significantly, reaching Rs 1,500 per sq.ft in 2007, which was a 284% increase from the previous figure. In 2012, the value was recorded at Rs 4,000 per sq.ft, reflecting a 167% increase from 2007. However, it dropped by 33% to Rs 2,680 per sq.ft in 2017.

From 2017 to 2023, the value rose sharply by 49% to Rs 4,000 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, a 10% increase from the previous year. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Urur

In Urur, there are 176 streets under the Adayar SRO with a 2024 guideline value ranging from Rs 4,400 to Rs 15,400 per sq.ft. The median guideline value in this area is Rs 6,600 per sq.ft, placing Thinakothan Road's current value below this median.

• Theni Thottam: Rs 4,400 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 6,100 per sq.ft (2024)
• Thiruvalluvar Nagar 1st Street: Rs 6,100 per sq.ft (2024)
• Thiruvalluvar Nagar 2nd Street: Rs 6,100 per sq.ft (2024)
• Thiruvalluvar Nagar 3rd Street: Rs 6,100 per sq.ft (2024)
• Thamotharapuram 4th Street: Rs 6,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thinakothan Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost to Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thinakothan Road?

The Sub Registrar Office that covers Thinakothan Road is 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 during property registration in Urur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value. Buyers and sellers must consider this value when negotiating the sale price.

When purchasing a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This means that understanding the guideline value is essential for both parties to ensure compliance with legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value of Thinakothan Road?

The current guideline value of Thinakothan Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 330 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 1233% over this period.

What is the land classification for Thinakothan Road?

Thinakothan Road is classified as Residential Class IV Type - III, indicating its suitability for residential development.

What are the stamp duty rates for properties in Thinakothan Road?

The stamp duty rate for properties in Thinakothan Road is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Thinakothan Road located?

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