Guideline Value for T.V.K Street

T.V.K Street guideline value

The current guideline value of T.V.K Street in Thiruvallur village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of T.V.K Street has changed

The guideline value for T.V.K Street has seen significant changes over the years. In 2007, the value was Rs 200 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012. However, it decreased to Rs 670 per sq.ft in 2017. The 2023 revision set the value at Rs 1,000 per sq.ft, which rose to Rs 1,100 per sq.ft in the 2024 revision. The register has no figures for the years 2002 and 2003 for this street.

From 2007 to 2012, the value increased by 400%, followed by a decrease of 33% from 2012 to 2017. The value then saw a substantial increase of 49% from 2017 to 2023. Finally, the jump from 2023 to 2024 was 10%. 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 have a guideline value for 2024, ranging from Rs 550 to Rs 3,850 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, which is equal to the current value of T.V.K Street.

• T.T.K Street: Rs 1,100 per sq.ft (2024)
• U.V Saminthaiyyer Street: Rs 1,100 per sq.ft (2024)
• Vaishnavi Nagar: Rs 1,650 per sq.ft (2024)
• Vallalar Street: Rs 1,650 per sq.ft (2024)
• Vallalar Street Lane: Rs 1,320 per sq.ft (2024)
• Vallalpari Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in T.V.K 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 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 T.V.K Street?

The Sub Registrar Office that covers T.V.K 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 plays a crucial role in the registration of property transactions in Thiruvallur. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property transactions. Accurate knowledge of these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of T.V.K Street?

The current guideline value of T.V.K 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 significantly, starting from Rs 200 per sq.ft in 2007, increasing to Rs 1,100 per sq.ft in 2024, with various fluctuations in between.

What is the land classification of T.V.K Street?

T.V.K Street is classified as Residential Class I Type - III, indicating its suitability for residential purposes.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for T.V.K Street located?

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