Guideline Value for Assori Street

Assori Street guideline value

The current guideline value of Assori Street in Thiruvallur village, under the Tiruvallur Joint 1 SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is classified as Residential Special Type - I.

How the guideline value of Assori Street has changed

The guideline value for Assori Street has seen several revisions over the years. In the 2007 revision, the value was Rs 320 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in the 2012 revision, marking a substantial rise of 525%. However, in the 2017 revision, the value decreased to Rs 1,340 per sq.ft, which was a decline of 33%. The 2023 revision saw the value increase to Rs 2,000 per sq.ft, and finally, the current 2024 revision set the value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for Assori Street. Overall, from 2007 to 2024, there has been a remarkable increase of 588% in the guideline value.

Guideline values in Thiruvallur

In Thiruvallur village, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,850 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Assori Street's 2024 figure above this median.

• Athiyaman Street: Rs 550 per sq.ft (2024)
• Avaishanmugam Street: Rs 1,100 per sq.ft (2024)
• Arun Excello Apartment: Rs 1,100 per sq.ft (2024)
• Aroram Nagar: Rs 1,100 per sq.ft (2024)
• Aringar anna Street: Rs 550 per sq.ft (2024)
• Aringar anna Cross Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Assori Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that 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 details on fees applicable to your property transactions.

Which Sub Registrar Office covers Assori Street?

The Sub Registrar Office covering Assori Street 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 information.

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

The guideline value is a crucial factor in property transactions in Thiruvallur. It serves as a benchmark for determining the minimum value of a property, which is used for calculating stamp duty and registration fees during the sale or purchase of real estate. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When registering a property, the guideline value helps in assessing the legal and financial obligations associated with the transaction. It is essential for both parties to understand the implications of the guideline value to avoid any disputes during the registration process.

Frequently asked questions

What is the current guideline value of Assori Street?

The current guideline value of Assori Street 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 increased from Rs 320 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 588% over the years.

What is the classification of land on Assori Street?

Assori Street is classified as Residential Special Type - I, indicating its intended use for residential purposes.

What are the stamp duty and registration fees for property in Assori Street?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

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

The Sub Registrar Office for Assori Street is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.