Guideline Value for Dr.M.Varadharasanar St

Dr.M.Varadharasanar St guideline value

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

How the guideline value of Dr.M.Varadharasanar St has changed

The guideline value for Dr.M.Varadharasanar St has undergone several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 200 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, followed by a decrease to Rs 670 per sq.ft in 2017. The value then rose to Rs 1,000 per sq.ft in 2023 and further increased to Rs 1,100 per sq.ft in 2024.

From 2007 to 2012, the value saw a remarkable increase of 400%. However, it decreased by 33% from 2012 to 2017. The subsequent rise from 2017 to 2023 was 49%, and the latest revision from 2023 to 2024 reflects a 10% increase. Overall, from 2007 to 2024, the guideline value has increased by 450%. Notably, there are no figures available for the years 2002 and 2003 for this street.

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 guideline value is Rs 1,100 per sq.ft, making the current value of Dr.M.Varadharasanar St equal to this median.

• Dr.M.Varadharasanar Cross St: Rs 1,100 per sq.ft (2024)
• Dr. Radhaakrishanan Street: Rs 1,100 per sq.ft (2024)
• Dr.ambetkar Street: Rs 770 per sq.ft (2024)
• East tank Street: Rs 2,750 per sq.ft (2024)
• Edappalayam Thalakancheri road: Rs 1,650 per sq.ft (2024)
• Ekkadu Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Dr.M.Varadharasanar St

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value totals Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and 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.

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

Which Sub Registrar Office covers Dr.M.Varadharasanar St?

The Sub Registrar Office that covers Dr.M.Varadharasanar St 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 during property transactions in Thiruvallur. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory when registering property. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is sold, the transaction must be registered at the relevant Sub Registrar Office, where the guideline value is used to determine the applicable fees. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value for Dr.M.Varadharasanar St?

The current guideline value for Dr.M.Varadharasanar St 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 from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What are the stamp duty rates for properties in Thiruvallur?

The stamp duty rate for properties in Thiruvallur is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What is the significance of the guideline value?

The guideline value is significant as it determines the stamp duty and registration fees during property transactions, ensuring compliance with local regulations.