Guideline Value for THIRUVALLUR ST

Thiruvallur St guideline value

The current guideline value of Thiruvallur St in Paleripattu village is Rs 990 per sq.ft, effective from 1 July 2024. This street falls under the Avadi SRO and is classified as Residential Class II Type - I.

How the guideline value of Thiruvallur St has changed

In the 2012 revision, the guideline value was Rs 900 per sq.ft. This figure decreased to Rs 603 per sq.ft in the 2017 revision, marking a reduction of 33%. However, from 2017 to 2023, the value increased significantly to Rs 900 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 990 per sq.ft, which is a 10% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Paleripattu

Paleripattu village has a total of 111 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 4,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, which matches the 2024 guideline value for Thiruvallur St.

• Telugu Pallikooda St: Rs 990 per sq.ft (2024)
• Varadharajan St: Rs 990 per sq.ft (2024)
• Velayudham St: Rs 1,980 per sq.ft (2024)
• Sri Sabthagiri Nagar: Rs 990 per sq.ft (2024)
• Sri Ramakrishna Nagar: Rs 990 per sq.ft (2024)
• Venkateswara Oil Mill St: Rs 990 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 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total cost for these fees to Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvallur St?

The Sub Registrar Office that covers Thiruvallur St is 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 more details.

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

The guideline value is a crucial factor during the registration of property transactions in Paleripattu. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair price according to government standards.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. This ensures that both buyers and sellers are aware of the financial obligations involved in the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Thiruvallur St?

The current guideline value of Thiruvallur St is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the value decreasing from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017. It then increased to Rs 900 per sq.ft in 2023 and finally to Rs 990 per sq.ft in 2024.

What is the land classification for Thiruvallur St?

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

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

For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300, and the registration fee would be Rs 19,800, totaling Rs 89,100.

Which office handles the registration for Thiruvallur St?

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