Guideline Value for THIRUVALLUVAR 2NDSTREET

Thiruvalluvar 2ndstreet guideline value

The current guideline value of Thiruvalluvar 2ndstreet in Pallikaranai village is Rs 1,650 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Class IV Type - I.

How the guideline value of Thiruvalluvar 2ndstreet has changed

The guideline value for Thiruvalluvar 2ndstreet has seen several revisions over the years. The 2012 revision set the guideline value at Rs 1,500 per sq.ft. However, in the 2023 revision, it decreased to Rs 1,200 per sq.ft, marking a decline of 20%. The most recent revision in 2024 has increased the value to Rs 1,650 per sq.ft, reflecting a significant increase of 38% from the previous year.

Overall, comparing the 2012 and 2024 revisions, there has been a net increase of 10% in the guideline value. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which is equal to the current guideline value of Thiruvalluvar 2ndstreet.

• Thiruvalluvar Street: Rs 1,650 per sq.ft (2024)
• THIRUVALLUVAR STREET 1st CROSS: Rs 1,650 per sq.ft (2024)
• Thiruvalluvar Street Vgp Shanthi Nagar: Rs 2,750 per sq.ft (2024)
• Thiruvalluvar Strete 2nd Cross St: Rs 1,650 per sq.ft (2024)
• Thirukkural Nagar: Rs 1,320 per sq.ft (2024)
• Thiruvengadam Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar 2ndstreet

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000. Together, the total cost for stamp duty and registration fee would be Rs 1,48,500. It is important to note that the 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 information.

Which Sub Registrar Office covers Thiruvalluvar 2ndstreet?

The Thiruvalluvar 2ndstreet is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Pallikaranai. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded accurately in the official records.

Additionally, the guideline value is an important reference point for buyers and sellers to understand the legal valuation of the property. It helps in ensuring transparency and compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Thiruvalluvar 2ndstreet?

The current guideline value of Thiruvalluvar 2ndstreet is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,200 per sq.ft in 2023, and then increased to Rs 1,650 per sq.ft in 2024.

What is the land classification for Thiruvalluvar 2ndstreet?

Thiruvalluvar 2ndstreet is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for Thiruvalluvar 2ndstreet?

The Sub Registrar Office for Thiruvalluvar 2ndstreet is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for properties in Thiruvalluvar 2ndstreet?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 16,50,000 would incur a stamp duty of Rs 1,15,500 at 7%.