Guideline Value for Tiruttani Road

Tiruttani Road guideline value

The current guideline value of Tiruttani Road in Thirupachur village is Rs 2,000 per sq.ft, effective from 1 July 2024. This area falls under the Tiruvallur Joint 1 SRO and is classified as Residential Special Type - I.

How the guideline value of Tiruttani Road has changed

Over the years, the guideline value for Tiruttani Road has seen significant changes. The earliest recorded figure is from 2007, which was Rs 50 per sq.ft. This rose dramatically to Rs 2,000 per sq.ft in 2012, marking an increase of 3900%. However, in 2017, the value decreased to Rs 1,340 per sq.ft, a drop of 33%. The value then increased to Rs 2,000 per sq.ft in 2023, and remained the same in the 2024 revision, reflecting no change from the previous year.

It is important to note that there are no figures for the years 2002 and 2003 in the register for this street. The overall change from 2007 to 2024 is an increase of 3900%, highlighting the substantial growth in the guideline value over the years.

Guideline values in Thirupachur

In Thirupachur, there are 19 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value figure, ranging from Rs 300 to Rs 2,000 per sq.ft. The median value for these streets is Rs 550 per sq.ft, placing Tiruttani Road's 2024 figure above this median.

• Tirupachur colony: Rs 550 per sq.ft (2024)
• Vaniya street: Rs 1,000 per sq.ft (2024)
• Veda Vinayagar Nagar: Rs 626 per sq.ft (2024)
• Vellalar street: Rs 550 per sq.ft (2024)
• Vettaikaran street: Rs 1,000 per sq.ft (2024)
• Pookara street/kavari street: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Tiruttani Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, while the registration fee at 2% would be Rs 40,000, bringing the total fees together to Rs 1,80,000. It is 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 Tiruttani Road?

The Sub Registrar Office covering Tiruttani Road is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more details.

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

The guideline value is an essential factor when registering property transactions in Thirupachur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction. This process helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Tiruttani Road?

The current guideline value of Tiruttani Road is Rs 2,000 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 50 per sq.ft in 2007 to Rs 2,000 per sq.ft in 2012, then decreasing to Rs 1,340 per sq.ft in 2017, and rising back to Rs 2,000 per sq.ft in 2023 and 2024.

What is the median guideline value for streets in Thirupachur?

The median guideline value for the 19 streets in Thirupachur is Rs 550 per sq.ft, with Tiruttani Road's value being above this median.

What are the stamp duty and registration fees for property in Tiruttani Road?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees amount to Rs 1,80,000.

Which office handles registrations for Tiruttani Road?

The Tiruvallur Joint 1 Sub Registrar Office handles registrations for Tiruttani Road, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.