Guideline Value for THIRUVALLUR ST

Thiruvallur St guideline value

The current guideline value of Thiruvallur St in Mitnamalle village is Rs 804 per sq.ft, effective from 1 July 2024. This street falls under the Avadi SRO and is classified as Residential Class II Type - II.

How the guideline value of Thiruvallur St has changed

The guideline value for Thiruvallur St has seen several revisions over the years. In 2012, the guideline value was set at Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in 2017. Following this, the value increased significantly to Rs 400 per sq.ft in 2023, and then to Rs 804 per sq.ft in 2024, marking a substantial increase of 101% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 101%.

Between the revisions, the changes were as follows: from 2017 to 2023, the value increased by 49%, while the change from 2012 to 2017 was a decrease of 33%. The register has no figure for Thiruvallur St in the years 2002, 2003, and 2007.

Guideline values in Mitnamalle

In Mitnamalle, there are 53 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,550 per sq.ft. The median guideline value for these streets is Rs 802 per sq.ft, placing Thiruvallur St's 2024 figure above this median.

• Thirowbathy Amman Koil St: Rs 806 per sq.ft (2024)
• The Panjamabal Nagar: Rs 802 per sq.ft (2024)
• Udhaya Sooriyan Nagar: Rs 806 per sq.ft (2024)
• Valluvar St: Rs 806 per sq.ft (2024)
• St.Maichels Nagar: Rs 802 per sq.ft (2024)
• Sri Sapthagiri Nagar: Rs 808 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvallur St

For a 1,000 sq.ft plot at the current guideline value of Rs 804 per sq.ft, the total guideline value would be Rs 8,04,000. The stamp duty at 7% would be Rs 56,280, and the registration fee at 2% would be Rs 16,080, bringing the total cost for these fees to Rs 72,360. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Thiruvallur St?

The Thiruvallur St falls under the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Mitnamalle. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, which are mandatory charges during the registration process.

It is essential to be aware that the guideline value may influence the sale price, as it serves as a benchmark for property transactions. Buyers and sellers should ensure that they are informed about the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Thiruvallur St?

The current guideline value of Thiruvallur St is Rs 804 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 804 per sq.ft in 2024.

What is the land classification for Thiruvallur St?

Thiruvallur St is classified as Residential Class II Type - II under the Avadi SRO.

What are the stamp duty and registration fees for property in Thiruvallur St?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 72,360.

Which office handles registrations for Thiruvallur St?

The Avadi Sub Registrar Office handles registrations for Thiruvallur St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.