Guideline Value for Thiruverkadu Road

Thiruverkadu Road guideline value

The current guideline value of Thiruverkadu Road is Rs 1,600 per sq.ft, effective from 1 July 2024. This road is located in Ayappakkam village under the Ambattur SRO, classified as Residential Special Type - III.

How the guideline value of Thiruverkadu Road has changed

Over the years, the guideline value for Thiruverkadu Road has seen significant changes. The 2007 revision set the value at Rs 400 per sq.ft, which increased to Rs 1,500 per sq.ft in 2012. However, this value dropped to Rs 1,005 per sq.ft in 2017. The 2023 revision marked a rise to Rs 1,500 per sq.ft, and the most recent 2024 revision has further increased the value to Rs 1,600 per sq.ft. The register has no figures for the years 2002 and 2003.

From 2007 to 2024, the guideline value has increased by 300%. Notably, the increase from 2023 to 2024 was 7%, while the jump from 2017 to 2023 was 49%. The value saw a substantial rise of 275% from 2007 to 2012, but it experienced a decrease of 33% from 2012 to 2017.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,300 per sq.ft. Thiruverkadu Road's 2024 guideline value of Rs 1,600 per sq.ft is above this median.

• Thiru Veedhi Amman Kovil Street: Rs 1,100 per sq.ft (2024)
• Thiruvalluvar street (Iyappan nagar): Rs 1,700 per sq.ft (2024)
• T.N.H.B. Phase I & II (Commercial): Rs 3,300 per sq.ft (2024)
• T.N.H.B. Phase I & II (Residence): Rs 2,700 per sq.ft (2024)
• Tonakilla Camp Road: Rs 1,300 per sq.ft (2024)
• Thamarai street (Iyappan nagar extn.): Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruverkadu Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, while the registration fee at 2% would be Rs 32,000, bringing the total fees to Rs 1,44,000. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruverkadu Road?

The Sub Registrar Office that covers Thiruverkadu Road is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Ayappakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property transaction takes place, the guideline value is assessed against the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thiruverkadu Road?

The current guideline value of Thiruverkadu Road is Rs 1,600 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 400 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, marking an overall increase of 300% over the years.

What is the land classification of Thiruverkadu Road?

Thiruverkadu Road is classified as Residential Special Type - III, which influences its guideline value and potential uses.

Where is the Ambattur Sub Registrar Office located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated on Thiruverkadu Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at Rs 1,600 per sq.ft incurs a total guideline value of Rs 16,00,000.