Guideline Value for THIRUVALLUR STREET

Thiruvallur Street guideline value

The current guideline value of Thiruvallur Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Thiruvottiyur village, under the Thiruvottiyur SRO, and is classified as Mixed Special 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 2007, the value was set at Rs 900 per sq.ft, which increased significantly to Rs 5,000 per sq.ft by 2012. However, this figure decreased to Rs 3,350 per sq.ft in 2017. The 2023 revision saw a rise to Rs 5,000 per sq.ft, and the most recent revision in 2024 has set the value at Rs 5,500 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2007 to 2012, the value increased by 456%, but then decreased by 33% from 2012 to 2017. A significant rise of 49% was observed from 2017 to 2023, followed by a 10% increase from 2023 to 2024. Overall, the guideline value has increased by 511% from 2007 to 2024.

Guideline values in Thiruvottiyur

In Thiruvottiyur village, there are 177 streets under the Thiruvottiyur SRO that have a 2024 guideline value ranging from Rs 1,300 to Rs 8,600 per sq.ft, with a median value of Rs 3,300 per sq.ft. Thiruvallur Street's 2024 guideline value is above this median.

• Thirunagar Extn: Rs 3,700 per sq.ft (2024)
• Thirunagar: Rs 3,700 per sq.ft (2024)
• Thirumalai Avenue: Rs 3,700 per sq.ft (2024)
• Thiruchinaguppam Road: Rs 2,800 per sq.ft (2024)
• Thilagar Nagar: Rs 1,900 per sq.ft (2024)
• Thiruvottiyur High Road: Rs 5,500 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 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees to Rs 4,95,000. 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 details.

Which Sub Registrar Office covers Thiruvallur Street?

The Sub Registrar Office that covers Thiruvallur Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Thiruvottiyur. It determines the minimum value at which properties can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation and ensuring compliance with local regulations. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Thiruvallur Street?

The current guideline value of Thiruvallur Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, increasing from Rs 900 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, marking an overall increase of 511% over this period.

What is the stamp duty rate for properties in Thiruvallur Street?

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

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What are the guideline values of other streets in Thiruvottiyur?

Other streets in Thiruvottiyur have varying guideline values, ranging from Rs 1,300 to Rs 8,600 per sq.ft, with Thirunagar Extn, Thirunagar, and Thirumalai Avenue all valued at Rs 3,700 per sq.ft in 2024.