Guideline Value for THIRUVALLUVAR STREET

Thiruvalluvar Street guideline value

The current guideline value of Thiruvalluvar Street in SingaperumalKoil village is Rs 800 per sq.ft, effective from the 2024 revision. This street falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - II.

How the guideline value of Thiruvalluvar Street has changed

The guideline value for Thiruvalluvar Street has undergone several changes over the years. In the 2007 revision, the value was Rs 100 per sq.ft, which increased significantly to Rs 800 per sq.ft in the 2012 revision, marking a substantial increase of 700%. However, in the 2017 revision, the value decreased to Rs 536 per sq.ft, reflecting a decline of 33%. The value then rose to Rs 800 per sq.ft in the 2023 revision, remaining unchanged in the 2024 revision.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the value has increased by 700%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in SingaperumalKoil

In SingaperumalKoil, there are 33 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft, with a median value of Rs 1,100 per sq.ft. Thiruvalluvar Street's 2024 figure is below this median.

• Theradi Street (A) Kamarajar Street: Rs 1,500 per sq.ft (2024)
• Thangammal Nagar: Rs 1,100 per sq.ft (2024)
• Thangammal Kalani: Rs 1,100 per sq.ft (2024)
• T.G.Balabathiran Street: Rs 1,100 per sq.ft (2024)
• Sri Perumbudur Road: Rs 1,500 per sq.ft (2024)
• Sannadhi Street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Street

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Street?

The Sub Registrar Office that covers Thiruvalluvar Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 SingaperumalKoil

The guideline value is an important factor during the registration of property transactions in SingaperumalKoil. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value.

When buying or selling property, the guideline value helps in assessing the official worth of the property, which is crucial for legal documentation and compliance. Buyers and sellers should be aware of the guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street?

The current guideline value of Thiruvalluvar Street is Rs 800 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017, and returned to Rs 800 per sq.ft in 2023 and 2024.

What is the land classification of Thiruvalluvar Street?

Thiruvalluvar Street is classified as Residential Class I Type - II under the Chengleput Joint II SRO.

How does the guideline value affect property transactions?

The guideline value is used to calculate stamp duty and registration fees during property transactions. It serves as a standardized measure for assessing the official worth of properties in SingaperumalKoil.

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

The Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, covers Thiruvalluvar Street. You can find more information about your SRO online.