Guideline Value for Paventhar Street

Paventhar Street guideline value

The current guideline value of Paventhar Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Paventhar Street has changed

The guideline value for Paventhar Street has undergone several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012, marking a rise of 500%. However, it then decreased to Rs 804 per sq.ft in 2017, a drop of 33%. Following this, the value saw a substantial increase to Rs 1,200 per sq.ft in 2023, and then further to Rs 1,320 per sq.ft in the 2024 revision, reflecting a 10% increase.

There are no figures available for Paventhar Street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 560%.

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, with the median being Rs 1,100 per sq.ft. Paventhar Street's 2024 figure of Rs 1,320 per sq.ft is above this median.

• Pathiyalpeettai: Rs 1,650 per sq.ft (2024)
• Periyakuppam Colony: Rs 880 per sq.ft (2024)
• Parimelalakar Street: Rs 1,100 per sq.ft (2024)
• Periyathambi Street: Rs 1,100 per sq.ft (2024)
• Panagal Street: Rs 2,750 per sq.ft (2024)
• Pallavan Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Paventhar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, leading to a total of Rs 1,18,800. 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 Paventhar Street?

The Sub Registrar Office covering Paventhar 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 registration process when buying or selling property in Thiruvallur. It determines the minimum price at which a property can be registered, ensuring that transactions are conducted transparently and fairly.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Paventhar Street?

The current guideline value of Paventhar Street is Rs 1,320 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 1,320 per sq.ft in 2024, reflecting an overall increase of 560% over the years.

What is the land classification for Paventhar Street?

Paventhar Street is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the registration office for Paventhar Street?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 1,18,800.