Guideline Value for THIRUVALLUVAR SALAI

Thiruvalluvar Salai guideline value

The current guideline value of Thiruvalluvar Salai in Thiruvanmiyur village is Rs 12,650 per sq.ft, effective from 1 July 2024. This property falls under the Chennai South Joint I SRO and is classified as Residential Special Type - I.

How the guideline value of Thiruvalluvar Salai has changed

The guideline value for Thiruvalluvar Salai has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 1,116 per sq.ft. In 2003, it increased to Rs 1,235 per sq.ft, marking a rise of 11%. The value then rose significantly to Rs 1,800 per sq.ft in 2007, reflecting a 46% increase. The 2012 revision saw the value jump to Rs 11,500 per sq.ft, a remarkable 539% increase. However, in 2017, the value dropped to Rs 7,705 per sq.ft, a decrease of 33%. The guideline value then rose again to Rs 11,500 per sq.ft in 2023, and finally increased to Rs 12,650 per sq.ft in the 2024 revision, which is a 10% rise.

Overall, from the 2002 revision to the 2024 revision, the guideline value has increased by 1,034%. There are no figures available for the revisions in the years not mentioned above.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a guideline value for 2024, ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median value for these streets is Rs 9,900 per sq.ft, and Thiruvalluvar Salai's 2024 figure is above this median.

• Thiruvalluvar Nagar 9th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 8th Main Road: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 8th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 7th Main Road: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 7th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 6th Main Road: Rs 7,150 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 12,650 per sq.ft, the total guideline value amounts to Rs 1,26,50,000. The stamp duty at 7% would be Rs 8,85,500, and the registration fee at 2% would be Rs 2,53,000, bringing the total charges to Rs 11,38,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Salai?

The Sub Registrar Office that covers Thiruvalluvar Salai 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. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Salai?

The current guideline value of Thiruvalluvar Salai is Rs 12,650 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 1,116 per sq.ft in 2002 to Rs 12,650 per sq.ft in 2024, showing an overall increase of 1,034% over this period.

What is the land classification for Thiruvalluvar Salai?

Thiruvalluvar Salai is classified as Residential Special Type - I under the Chennai South Joint I SRO.

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

The Sub Registrar Office for Thiruvalluvar Salai is 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 Salai?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 1,26,50,000, the stamp duty would be calculated at 7% of that amount.