Guideline Value for THIRUVALLUR STREET

Thiruvallur Street guideline value

The current guideline value of Thiruvallur Street in Perumbakkam village is Rs 850 per sq.ft, effective from 1 July 2024. This street falls under the Selaiyur SRO and is classified as Residential Class V Type - I.

How the guideline value of Thiruvallur Street has changed

The guideline value for Thiruvallur Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 700 per sq.ft, which decreased to Rs 469 per sq.ft in the 2017 revision. Following this, the value saw a significant increase to Rs 800 per sq.ft in 2023, and then further rose to Rs 850 per sq.ft in the 2024 revision, marking a 6% increase from the previous year. The register has no figure for the years 2002, 2003, and 2007.

From 2017 to 2023, the value increased by 71%, while the change from 2012 to 2017 reflected a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 21%.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median value is Rs 2,725 per sq.ft, indicating that Thiruvallur Street's 2024 figure is below this median.

• Urban Tree Oxygen: Rs 1,175 per sq.ft (2024)
• Vaidhiyalingam Salai: Rs 2,725 per sq.ft (2024)
• Valar Garden: Rs 1,650 per sq.ft (2024)
• Valmigi Street: Rs 3,300 per sq.ft (2024)
• Vanchinathan Street: Rs 3,300 per sq.ft (2024)
• Veeramamunivar Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvallur Street

For a 1,000 sq.ft plot at the current guideline value of Rs 850 per sq.ft, the total guideline value amounts to Rs 8,50,000. The stamp duty at 7% would be Rs 59,500, and the registration fee at 2% would be Rs 17,000, bringing the total cost for these fees to Rs 76,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvallur Street?

The Sub Registrar Office covering Thiruvallur Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Perumbakkam. 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 registry.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly influences the costs associated with property registration. 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 Thiruvallur Street?

The current guideline value of Thiruvallur Street is Rs 850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 850 per sq.ft in 2024.

What is the median guideline value for streets in Perumbakkam?

The median guideline value for streets in Perumbakkam is Rs 2,725 per sq.ft, which is higher than the current value of Thiruvallur Street.

What are the stamp duty and registration fees for properties in Thiruvallur Street?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees amount to Rs 76,500.

Where can I find the Sub Registrar Office for Thiruvallur Street?

The Sub Registrar Office for Thiruvallur Street is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.