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 Periyakuppam village under the Tiruvallur Joint 1 SRO, 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 since 2007. In 2007, the value was Rs 350 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a rise of 186%. However, it then decreased to Rs 670 per sq.ft in 2017, a drop of 33%. The value saw a substantial increase of 49% to reach Rs 1,000 per sq.ft in 2023, before rising again by 10% to the current value of Rs 1,100 per sq.ft in 2024.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 214%.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO with a 2024 guideline value ranging from Rs 550 to Rs 3,300 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.

• Siddi Vinayagar Kovil Street: Rs 1,320 per sq.ft (2024)
• Sivasubramaniyam Street: Rs 550 per sq.ft (2024)
• Skp - Nagar: Rs 879 per sq.ft (2024)
• Sowbhagyam Nagar: Rs 879 per sq.ft (2024)
• Sozhan Street: Rs 1,100 per sq.ft (2024)
• Sera Sabarathinam 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 would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is essential to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Sir.C.V.Raman 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 Periyakuppam

The guideline value is a critical factor in the registration process when buying or selling property in Periyakuppam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are calculated based on a standardized value.

When a property transaction occurs, the guideline value helps in assessing the fair value of the property for taxation purposes. This ensures that both buyers and sellers are aware of the financial obligations involved in the registration process.

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 350 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, representing an overall increase of 214% over the years.

What are the other streets in Periyakuppam with their guideline values?

Other streets in Periyakuppam include Siddi Vinayagar Kovil Street at Rs 1,320 per sq.ft, Sivasubramaniyam Street at Rs 550 per sq.ft, and Sozhan Street at Rs 1,100 per sq.ft among others.

What is the stamp duty rate for properties in Sir.C.V.Raman Street?

The stamp duty rate for properties in Sir.C.V.Raman Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sir.C.V.Raman Street?

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