Guideline Value for THIRUVALLUVAR SALAI (WARD -6)

Thiruvalluvar Salai (Ward -6) guideline value

The current guideline value of Thiruvalluvar Salai (Ward -6) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Thiruvalluvar Salai (Ward -6) has changed

The guideline value for Thiruvalluvar Salai has undergone several revisions over the years. In 2012, the guideline value was Rs 2,000 per sq.ft. This figure remained unchanged until 2017, when it decreased to Rs 1,340 per sq.ft, marking a decline of 33%. Following this, the value increased significantly to Rs 2,000 per sq.ft in 2023, and then further rose to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Thiruvalluvar Salai (Ward -6) is positioned above this median.

• Thiruvalluvar Street (Ward -18): Rs 661 per sq.ft (2024)
• Thiruvalluvar Street (Ward -4): Rs 2,200 per sq.ft (2024)
• Thiruvarutpa Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Thiruvasagar Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Thiruthakka Devar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Thiru VI Ka Nagar: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Salai (Ward -6)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, together totaling Rs 1,98,000. 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 further calculations.

Which Sub Registrar Office covers Thiruvalluvar Salai (Ward -6)?

The Sub Registrar Office that covers Thiruvalluvar Salai (Ward -6) 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 Peramanoor

The guideline value is a critical factor in the registration process for property transactions in Peramanoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government collects appropriate stamp duty and registration fees.

When buying or selling property, the guideline value provides clarity on the expected costs involved in the transaction. Buyers and sellers should be aware that the guideline value may differ from the actual sale price, but the higher of the two will be considered for calculating duties and fees.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Salai (Ward -6)?

The current guideline value of Thiruvalluvar Salai (Ward -6) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen various revisions, starting from Rs 2,000 in 2012, dropping to Rs 1,340 in 2017, and then increasing to Rs 2,000 in 2023, before reaching Rs 2,200 in 2024.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft property at Rs 2,200 per sq.ft incurs a total fee of Rs 1,98,000.

Where is the Chengleput Joint II SRO located?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for properties in the area.

What is the land classification for Thiruvalluvar Salai (Ward -6)?

The land classification for Thiruvalluvar Salai (Ward -6) is Residential Special Type - I, indicating its suitability for residential development.