Guideline Value for THIRUVALLUR ST

Thiruvallur St guideline value

The current guideline value for Thiruvallur St in Vilingiyambakkam village, under the Avadi SRO, is Rs 935 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class II Type - II.

How the guideline value of Thiruvallur St has changed

Looking at the historical revisions, the guideline value for Thiruvallur St saw a significant change from Rs 569 per sq.ft in 2017 to Rs 850 per sq.ft in 2023, marking a 49% increase. However, the 2012 revision also recorded a value of Rs 850 per sq.ft, indicating a decrease of 33% from the 2017 figure. The register has no figures for the years 2002, 2003, and 2007.

With the latest revision in 2024, the guideline value rose to Rs 935 per sq.ft, reflecting a 10% increase from the previous year’s figure of Rs 850 per sq.ft. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft. The median value is Rs 935 per sq.ft, which is the same as the guideline value for Thiruvallur St.

• Thiruvallur To Chennai High Road: Rs 1,590 per sq.ft (2024)
• THIRUVALLUR to CHENNAI RAILWAY LINE: Rs 1,320 per sq.ft (2024)
• THIRUVALLUR to CHENNAI ROAD: Rs 1,650 per sq.ft (2024)
• Thiruvallur Nagar, Gandhi St 1st Cross St: Rs 935 per sq.ft (2024)
• Thiruvallur 2nd Cross St: Rs 935 per sq.ft (2024)
• Thiruvallur 1st Cross St: Rs 935 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 935 per sq.ft, the total guideline value would be Rs 9,35,000. The stamp duty at 7% would amount to Rs 65,450, while the registration fee at 2% would be Rs 18,700, bringing the total charges to Rs 84,150. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

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 more information.

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

The guideline value plays a crucial role during property transactions in Vilingiyambakkam. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. The guideline value is essential for ensuring that the government collects the appropriate taxes associated with property transactions.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two will be used to calculate the applicable duties and fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Thiruvallur St?

The current guideline value of Thiruvallur St is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 850 per sq.ft to Rs 935 per sq.ft in 2024, reflecting an overall increase of 10% over this period.

What is the land classification for Thiruvallur St?

Thiruvallur St is classified as Residential Class II Type - II, indicating its suitability for residential development.

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

For a property valued at Rs 9,35,000, the stamp duty would be Rs 65,450, and the registration fee would be Rs 18,700, totaling Rs 84,150.

Which office handles the registration for Thiruvallur St?

The registration for Thiruvallur St is handled by the Avadi Sub Registrar Office, located in Thandurai Village, Avadi Taluk, Tiruvallur District.