Guideline Value

Corporate

Guideline Value for Thottakkara Street

₹200/sq.ft.

The guideline value for Thottakkara Street in Periyapalayam village (Arani_tiruvallur SRO, Chennai zone) is Rs 200 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Periyapalayam

Village

Arani_Tiruvallur

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹200 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.10, S.p Kovil Street, Arani,ponneri(tk),thiruvallur(dt) - 601 101
044-27927859
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Thottakkara Street

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Thottakkara Street guideline value

The current guideline value of Thottakkara Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Periyapalayam village and falls under the Arani_Tiruvallur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Thottakkara Street has changed

Looking at the revisions, the guideline value for Thottakkara Street has seen several changes over the years. The 2007 revision recorded a value of Rs 100 per sq.ft, which increased to Rs 200 per sq.ft in the 2012 revision. However, this figure dropped to Rs 134 per sq.ft in 2017. The 2023 revision maintained the value at Rs 200 per sq.ft, and the 2024 revision also holds the same figure. Notably, the register has no figures for the years 2002 and 2003.

From 2017 to 2023, there was a significant increase of 49%, while the value saw a decrease of 33% from 2012 to 2017. The jump from 2007 to 2012 was substantial, with a 100% increase. Overall, from 2007 to 2024, the guideline value has increased by 100%.

Guideline values in Periyapalayam

In Periyapalayam, there are 31 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 160 to Rs 600 per sq.ft, with a median value of Rs 200 per sq.ft. Thottakkara Street's 2024 guideline value is equal to this median.

Stamp duty and registration fee for property in Thottakkara Street

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thottakkara Street?

The Sub Registrar Office that covers Thottakkara Street is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri(tk), Thiruvallur(dt) - 601 101. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Periyapalayam. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers must be aware that the guideline value will influence the stamp duty and registration fees applicable during the transaction.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees. It is essential for both buyers and sellers to understand that these fees are based on the guideline value or the sale price, whichever is higher, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of Thottakkara Street?

The current guideline value of Thottakkara Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 100 per sq.ft in 2007, increasing to Rs 200 in 2012, dropping to Rs 134 in 2017, and then returning to Rs 200 in both 2023 and 2024.

What is the land classification for Thottakkara Street?

Thottakkara Street is classified as Residential Class III Type - I, indicating its use for residential purposes.

Where can I find the Sub Registrar Office for Thottakkara Street?

The Sub Registrar Office for Thottakkara Street is located at No.10, S.p Kovil Street, Arani, Ponneri(tk), Thiruvallur(dt) - 601 101.

How is the stamp duty calculated for properties in Thottakkara Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at a rate of 7%.