Guideline Value for THIRUVALLUVAR STREET

Thiruvalluvar Street guideline value

The current guideline value of Thiruvalluvar Street in Chinnasekkadu village is Rs 1,500 per sq.ft, effective from 1 July 2024. This street falls under the jurisdiction of the Thiruvottiyur SRO and is classified as Residential Special Type - I.

How the guideline value of Thiruvalluvar Street has changed

The guideline value for Thiruvalluvar Street has undergone several revisions since 2002. In 2002, the guideline value was Rs 129 per sq.ft, which increased to Rs 150 per sq.ft in 2003. Following this, the value saw a significant rise to Rs 500 per sq.ft in 2007, and then it further increased to Rs 1,400 per sq.ft in 2012. However, between 2012 and 2017, the value decreased to Rs 938 per sq.ft. The guideline value then rose to Rs 1,400 per sq.ft in 2023, and currently stands at Rs 1,500 per sq.ft as of the 2024 revision.

From 2023 to 2024, there was an increase of 7%. The increase from 2017 to 2023 was 49%, while the decrease from 2012 to 2017 was 33%. The rise from 2007 to 2012 was 180%, and from 2003 to 2007, it increased by 233%. Overall, from 2002 to 2024, the guideline value has increased by 1,063%.

Guideline values in Chinnasekkadu

In Chinnasekkadu, there are 49 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, making Thiruvalluvar Street's current value above that median.

• Thiruvengadam Street: Rs 1,001 per sq.ft (2024)
• Thiru.VI.Ka Street: Rs 1,300 per sq.ft (2024)
• Vallivel Nadar Street: Rs 1,001 per sq.ft (2024)
• Swamidas Street: Rs 1,001 per sq.ft (2024)
• Vedhachalam Street: Rs 1,001 per sq.ft (2024)
• Vedhagiri Pillai Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, resulting in a total of Rs 1,35,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Street?

The Thiruvottiyur Sub Registrar Office covers Thiruvalluvar Street, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your SRO, please visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Chinnasekkadu. It serves as a reference point for determining the stamp duty and registration fees applicable during the transaction. Buyers must ensure that the sale price is at least equal to the guideline value to avoid discrepancies during registration.

When a property is registered, the guideline value is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions, which is essential for maintaining public services and infrastructure.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 129 per sq.ft in 2002 to Rs 1,500 per sq.ft in 2024, showing an overall increase of 1,063% over this period.

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

The stamp duty rate for properties in Thiruvalluvar Street is 7% of the guideline value or 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 is the median guideline value in Chinnasekkadu?

The median guideline value for streets in Chinnasekkadu is Rs 1,100 per sq.ft, with Thiruvalluvar Street's current value above this median.