Guideline Value for Thirunarayan Guru Road(Hunters Road)

Thirunarayan Guru Road(Hunters Road) guideline value

The current guideline value of Thirunarayan Guru Road (Hunters Road) is Rs 12,100 per sq.ft, effective from 1 July 2024. This road is located in Vepery village under the Periamet SRO, classified as Commercial Special Type - IV.

How the guideline value of Thirunarayan Guru Road(Hunters Road) has changed

The guideline value for Thirunarayan Guru Road (Hunters Road) has seen significant changes over the years. In 2007, the guideline value was Rs 3,000 per sq.ft, which increased dramatically to Rs 11,000 per sq.ft in 2012, marking a rise of 267%. However, this value decreased to Rs 7,370 per sq.ft in 2017, a decline of 33%. The value then increased to Rs 11,000 per sq.ft in 2023, and finally, it rose to Rs 12,100 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 303%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Vepery

In Vepery, there are 290 streets under the Periamet SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 22,000 per sq.ft, with a median value of Rs 4,800 per sq.ft. Thirunarayan Guru Road (Hunters Road) has a guideline value that is above this median.

• Thiruvengadam Street: Rs 9,900 per sq.ft (2024)
• Thiru Vi.ka.NagarExtension: Rs 4,400 per sq.ft (2024)
• ThoppaiStreet: Rs 4,800 per sq.ft (2024)
• Thottikalai Kumarappa Mudali street: Rs 7,700 per sq.ft (2024)
• Thulasi Naicken street: Rs 4,800 per sq.ft (2024)
• Sydenhams Road: Rs 13,000 per sq.ft (2024)

Stamp duty and registration fee for property in Thirunarayan Guru Road(Hunters Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 12,100 per sq.ft, the total guideline value would be Rs 1,21,00,000. The stamp duty at 7% would amount to Rs 8,47,000, and the registration fee at 2% would be Rs 2,42,000, making the total cost for these fees Rs 10,89,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirunarayan Guru Road(Hunters Road)?

The Sub Registrar Office that covers Thirunarayan Guru Road (Hunters Road) is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Vepery. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to assess the applicable stamp duty and registration fees. Buyers must ensure that the sale price is at least equal to the guideline value to avoid any legal complications during the registration process.

Frequently asked questions

What is the current guideline value of Thirunarayan Guru Road (Hunters Road)?

The current guideline value of Thirunarayan Guru Road (Hunters Road) is Rs 12,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 3,000 per sq.ft in 2007 to Rs 12,100 per sq.ft in 2024, showing an overall increase of 303% over the years.

What is the land classification for Thirunarayan Guru Road (Hunters Road)?

Thirunarayan Guru Road (Hunters Road) is classified as Commercial Special Type - IV, indicating its use for commercial purposes.

Where can I find the Sub Registrar Office for Thirunarayan Guru Road (Hunters Road)?

The Sub Registrar Office for Thirunarayan Guru Road (Hunters Road) is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is the stamp duty calculated for properties in Vepery?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a property valued at Rs 1,21,00,000, the stamp duty would be calculated at 7% of this amount.