Guideline Value for Began Street

Began Street guideline value

The current guideline value of Began Street in Thiruvallur village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Began Street has changed

The guideline value for Began Street has seen significant changes over the years. In the 2007 revision, the value was Rs 200 per sq.ft. This increased dramatically to Rs 1,000 per sq.ft in the 2012 revision, marking a 400% increase. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft, a decline of 33%. The value then rose to Rs 1,000 per sq.ft in the 2023 revision, followed by a further increase to Rs 1,100 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 450%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Thiruvallur

In Thiruvallur, 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 guideline value for these streets is Rs 1,100 per sq.ft, which is equal to the current guideline value of Began Street.

• Bazar Street: Rs 3,300 per sq.ft (2024)
• Barathidasan Street: Rs 1,100 per sq.ft (2024)
• Bala Vinayagar Street: Rs 1,650 per sq.ft (2024)
• Bharathiyar Street: Rs 1,100 per sq.ft (2024)
• Bypass Road: Rs 3,300 per sq.ft (2024)
• Chekkadi Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Began Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Began Street?

The Sub Registrar Office that covers Began 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 plays a crucial role when buying or selling property in Thiruvallur. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used for calculating the applicable duties.

When registering a property, the guideline value ensures that the government receives the correct amount of revenue from property transactions. This value is updated periodically, reflecting changes in the real estate market and local development.

Frequently asked questions

What is the current guideline value of Began Street?

The current guideline value of Began Street is Rs 1,100 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 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 450% over this period.

What is the registration office for Began Street?

The registration office for Began Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is stamp duty calculated for properties on Began 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 11,00,000, the stamp duty at 7% would be Rs 77,000.

Are there other streets in Thiruvallur with similar guideline values?

Yes, there are other streets in Thiruvallur with similar guideline values, including Barathidasan Street and Bharathiyar Street, both also valued at Rs 1,100 per sq.ft in 2024.