Guideline Value for THIRUVALLUR SALAI

Thiruvallur Salai guideline value

The current guideline value of Thiruvallur Salai is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Ponneri village, under the Ponneri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Thiruvallur Salai has changed

The guideline value for Thiruvallur Salai has seen significant changes over the years. The register has no figure for this street in 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 300 per sq.ft, which increased to Rs 700 per sq.ft in the 2024 revision, marking a change of +133%.

With the 2024 revision, the guideline value for Thiruvallur Salai is now equal to the median value of Rs 700 per sq.ft for the 120 streets in Ponneri under the Ponneri SRO, which range from Rs 201 to Rs 1,200 per sq.ft.

Guideline values in Ponneri

Ponneri village has a range of guideline values, with the median being Rs 700 per sq.ft for the 2024 revision. Thiruvallur Salai's guideline value aligns with this median.

• Thiruvottiyur High Road: Rs 1,200 per sq.ft (2024)
• Theradi Cross Street: Rs 1,200 per sq.ft (2024)
• Theradi Burma Nagar: Rs 1,200 per sq.ft (2024)
• Thayumanavar St: Rs 900 per sq.ft (2024)
• Thandabani Nadar St: Rs 700 per sq.ft (2024)
• Thaiyuman Chetty St: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvallur Salai

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. 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 information.

Which Sub Registrar Office covers Thiruvallur Salai?

The Sub Registrar Office that covers Thiruvallur Salai is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Ponneri. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When you register a property, the guideline value is compared with 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 Thiruvallur Salai?

The current guideline value of Thiruvallur Salai is Rs 700 per sq.ft, effective from 1 July 2024.

How much did the guideline value increase from 2023 to 2024?

The guideline value increased by +133% from Rs 300 per sq.ft in 2023 to Rs 700 per sq.ft in 2024.

What is the land classification of Thiruvallur Salai?

Thiruvallur Salai is classified as Residential Class II Type - I.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the stamp duty calculated for properties in Thiruvallur Salai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, on a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 at 7%.