Guideline Value for Thiruthangal College Road

Thiruthangal College Road guideline value

The current guideline value of Thiruthangal College Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This road is located in Selavoyal village, under the Madhavaram SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Thiruthangal College Road has changed

Over the years, the guideline value for Thiruthangal College Road has seen several revisions. The 2012 revision set the value at Rs 1,800 per sq.ft, which decreased to Rs 1,340 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, raising the value to Rs 2,000 per sq.ft. The most recent revision in 2024 saw another increase of 10%, bringing the guideline value to Rs 2,200 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 22%.

Guideline values in Selavoyal

In Selavoyal, there are 170 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 3,300 per sq.ft. The median value is Rs 2,200 per sq.ft, which is equal to the 2024 figure for Thiruthangal College Road.

• Thiruthangal Avenue: Rs 2,200 per sq.ft (2024)
• Thiruthangal Nagar: Rs 2,200 per sq.ft (2024)
• Thiruthangal Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Thiruthangal Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Thiruthangal Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Thiruthangal Nagar 4th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruthangal College Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. 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 information.

Which Sub Registrar Office covers Thiruthangal College Road?

The Thiruthangal College Road is covered by the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of properties in Selavoyal. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps maintain transparency in property transactions and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Thiruthangal College Road?

The current guideline value of Thiruthangal College Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What are the other streets in Selavoyal with the same guideline value?

Other streets in Selavoyal, such as Thiruthangal Avenue, Thiruthangal Nagar, and several others, also have a guideline value of Rs 2,200 per sq.ft in 2024.

What fees are associated with buying property on Thiruthangal College Road?

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

Where can I find the Sub Registrar Office for Thiruthangal College Road?

The Madhavaram Sub Registrar Office covers Thiruthangal College Road, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.