Guideline Value for THIRUVALLUVAR KOIL STREET

Thiruvalluvar Koil Street guideline value

The current guideline value of Thiruvalluvar Koil Street is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class IV Type - III.

How the guideline value of Thiruvalluvar Koil Street has changed

The guideline value for Thiruvalluvar Koil Street has undergone several revisions since 2002. In 2002, the value was Rs 1,121 per sq.ft, which increased to Rs 1,245 per sq.ft in 2003, marking an 11% rise. The value then saw a 24% increase to Rs 1,540 per sq.ft in 2007, followed by a significant jump of 322% to Rs 6,500 per sq.ft in 2012. However, the value decreased by 33% to Rs 4,355 per sq.ft in 2017. The latest revision in 2024 brought the guideline value to Rs 7,100 per sq.ft, which is a 63% increase from the 2017 figure.

The register has no figure for this street in 2023. Overall, from 2002 to 2024, the guideline value has increased by 533%.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft, with a median value of Rs 8,800 per sq.ft. Thiruvalluvar Koil Street's current value is below this median.

• Thiruvalluvarpettai Street: Rs 7,100 per sq.ft (2024)
• Thiruveedhi Amman Koil (Mandaveli): Rs 8,200 per sq.ft (2024)
• Thiruveedhi Amman Koil (Royapettah): Rs 8,200 per sq.ft (2024)
• Thiruvengadam 2nd Street: Rs 7,100 per sq.ft (2024)
• Thippu Sahib Street: Rs 3,300 per sq.ft (2024)
• Thiruvenkadam Street: Rs 14,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would amount to Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, totaling Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Koil Street?

The Sub Registrar Office that covers Thiruvalluvar Koil Street is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, crescent Street, Alwarpet, Chennai -600018. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Mylapore, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for legal ownership transfer.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration regulations and to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Koil Street?

The current guideline value of Thiruvalluvar Koil Street is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,121 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 533% over the years.

What is the median guideline value in Mylapore?

The median guideline value in Mylapore is Rs 8,800 per sq.ft, with Thiruvalluvar Koil Street's current value being below this median.

What are the stamp duty and registration fees for properties in Thiruvalluvar Koil Street?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 6,39,000.

Where is the Sub Registrar Office for Thiruvalluvar Koil Street located?

The Sub Registrar Office for Thiruvalluvar Koil Street is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, crescent Street, Alwarpet, Chennai -600018.