Guideline Value for East tank Street

East tank Street guideline value

The current guideline value of East tank Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village under the Tiruvallur Joint 1 SRO, classified as Residential Special Type - IV.

How the guideline value of East tank Street has changed

Since the 2007 revision, the guideline value for East tank Street has seen significant changes. In 2007, the value was Rs 320 per sq.ft, which increased dramatically to Rs 2,500 per sq.ft in 2012, marking a rise of 681%. However, from 2012 to 2017, the value decreased to Rs 1,675 per sq.ft, a drop of 33%. The value then rose again to Rs 2,500 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 saw the guideline value increase to Rs 2,750 per sq.ft, a rise of 10% from the previous year.

There are no figures available for the revisions in 2002 and 2003 for East tank Street. Overall, from 2007 to 2024, the guideline value has increased by 759%.

Guideline values in Thiruvallur

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

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

Stamp duty and registration fee for property in East tank Street

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. 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 East tank Street?

The Sub Registrar Office covering East tank 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 the property registration process in Thiruvallur. It serves as the basis for calculating stamp duty and registration fees, which are mandatory when buying or selling a property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of East tank Street?

The current guideline value of East tank Street is Rs 2,750 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 320 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 759% over this period.

What is the land classification for East tank Street?

East tank Street is classified as Residential Special Type - IV under the Tiruvallur Joint 1 SRO.

Where can I find the Sub Registrar Office for East tank Street?

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

How is the stamp duty calculated for properties in Thiruvallur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 at 7%.