Guideline Value for KALAIVANAR STREET, THIRUVALLUVAR STREET

Kalaivanar Street, Thiruvalluvar Street guideline value

The current guideline value of Kalaivanar Street, Thiruvalluvar Street is Rs 988 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village and falls under the Avadi SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kalaivanar Street, Thiruvalluvar Street has changed

Since 2012, the guideline value for Kalaivanar Street, Thiruvalluvar Street has seen several revisions. In 2012, the value was Rs 900 per sq.ft, which decreased to Rs 603 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 900 per sq.ft. The most recent revision in 2024 raised the guideline value to Rs 988 per sq.ft, reflecting a 10% increase from the previous year.

The register has no figure for this street in 2002, 2003, and 2007. Overall, comparing the 2012 figure to the current 2024 value, there has been a total increase of 10%.

Guideline values in Thandurai

Thandurai village has a total of 331 streets under the Avadi SRO, with the 2024 guideline values ranging from Rs 800 to Rs 2,640 per sq.ft. The median guideline value is Rs 988 per sq.ft, which is equal to the current value of Kalaivanar Street, Thiruvalluvar Street.

• Kalaivanayar St, Thiruvalluvar Nagar: Rs 800 per sq.ft (2024)
• Kalaigar St, Kakkanji Nagar: Rs 988 per sq.ft (2024)
• Kakkanji St (Gandhi Nagar): Rs 988 per sq.ft (2024)
• Kakkanji Nagar 2nd Cross St: Rs 988 per sq.ft (2024)
• Kakkanji Nagar 1st Cross St: Rs 988 per sq.ft (2024)
• Kamarajapuram (Thiruvalluvar Street): Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaivanar Street, Thiruvalluvar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value would be Rs 9,88,000. The stamp duty at 7% would amount to Rs 69,160, and the registration fee at 2% would be Rs 19,760, bringing the total fees together to Rs 88,920. 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 detailed calculations.

Which Sub Registrar Office covers Kalaivanar Street, Thiruvalluvar Street?

The Sub Registrar Office that covers Kalaivanar Street, Thiruvalluvar Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for additional information.

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

The guideline value plays a crucial role in the registration process of property transactions in Thandurai. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kalaivanar Street, Thiruvalluvar Street?

The current guideline value of Kalaivanar Street, Thiruvalluvar Street is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 988 per sq.ft in 2024.

What is the land classification for this area?

The land classification for Kalaivanar Street, Thiruvalluvar Street is Residential Class II Type - I.

What are the stamp duty and registration fees for properties here?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 9,88,000, the total fees would be Rs 88,920.

Which office handles registrations for this street?

The Avadi Sub Registrar Office handles registrations for Kalaivanar Street, Thiruvalluvar Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.