Guideline Value for Sir.C.V Raman Street

Sir.C.V Raman Street guideline value

The current guideline value of Sir.C.V Raman Street 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, and is classified as Residential Class I Type - III.

How the guideline value of Sir.C.V Raman Street has changed

The guideline value for Sir.C.V Raman Street has undergone several revisions over the years. In 2007, the value was set at Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, it then decreased to Rs 670 per sq.ft in 2017, reflecting a decline of 33%. The value saw a substantial increase to Rs 1,000 per sq.ft in 2023, and further rose by 10% to the current value of Rs 1,100 per sq.ft in 2024.

Notably, the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

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 value is Rs 1,100 per sq.ft, which is equal to the guideline value of Sir.C.V Raman Street.

• Sir.C.V Raman Corss Street: Rs 1,100 per sq.ft (2024)
• Sithivinayagar Koil Street: Rs 1,650 per sq.ft (2024)
• Sivam Nagar: Rs 1,100 per sq.ft (2024)
• Solan Street: Rs 1,100 per sq.ft (2024)
• South tank Street: Rs 2,200 per sq.ft (2024)
• Seran Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sir.C.V Raman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty, charged at 7%, would be Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total cost 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 detailed calculations.

Which Sub Registrar Office covers Sir.C.V Raman Street?

The Sir.C.V Raman Street falls under the jurisdiction of 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 is the basis for calculating the stamp duty and registration fees, which are mandatory for legalizing the sale of property. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is considered to determine the official value of the property being sold. This ensures that the appropriate taxes are collected by the government, reflecting the value of the property in the current market.

Frequently asked questions

What is the current guideline value of Sir.C.V Raman Street?

The current guideline value of Sir.C.V Raman 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 from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, showing an increase of 450% overall.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles registrations for Sir.C.V Raman Street?

The Tiruvallur Joint 1 Sub Registrar Office handles registrations for Sir.C.V Raman Street, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What is the land classification for Sir.C.V Raman Street?

Sir.C.V Raman Street is classified as Residential Class I Type - III, indicating its suitability for residential development.