Guideline Value for THIRUVALLUVAR SALAI

Thiruvalluvar Salai guideline value

The current guideline value of Thiruvalluvar Salai in Chemmancheri village, under the Neelankarai SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class IV Type - II.

How the guideline value of Thiruvalluvar Salai has changed

The guideline value for Thiruvalluvar Salai has seen significant changes over the years. In 2003, the value was Rs 87 per sq.ft, which increased to Rs 300 per sq.ft in 2007, marking a rise of 245%. By 2012, it had further increased to Rs 1,000 per sq.ft, reflecting a substantial growth of 233%. However, between 2012 and 2017, the value decreased to Rs 670 per sq.ft, a drop of 33%. The value then rose to Rs 1,000 per sq.ft in 2023, showing an increase of 49%. The current guideline value of Rs 1,100 per sq.ft in 2024 indicates a 10% increase from the previous year.

It is important to note that there is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 1164%.

Guideline values in Chemmancheri

In Chemmancheri, there are 195 streets under the Neelankarai SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 6,600 per sq.ft, with a median value of Rs 1,700 per sq.ft. The guideline value for Thiruvalluvar Salai is below this median.

• Thirunavukarasu Garden: Rs 1,100 per sq.ft (2024)
• Thulukanathamman Koil Street: Rs 1,700 per sq.ft (2024)
• Time Of India: Rs 3,900 per sq.ft (2024)
• Uma Garden: Rs 3,300 per sq.ft (2024)
• Vallabhai Patel Road: Rs 2,800 per sq.ft (2024)
• Telugu Cherrinathan: Rs 1,000 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 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, making a total of Rs 99,000. It is essential 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 Salai?

The Sub Registrar Office that covers Thiruvalluvar Salai is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Chemmancheri. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded accurately and that the appropriate fees are collected. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Salai?

The current guideline value of Thiruvalluvar Salai is Rs 1,100 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 87 per sq.ft in 2003 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 1164% over this period.

What is the land classification of Thiruvalluvar Salai?

Thiruvalluvar Salai is classified as Residential Class IV Type - II.

Where can I find the registration office for Thiruvalluvar Salai?

The Neelankarai Sub Registrar Office covers Thiruvalluvar Salai, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in Thiruvalluvar Salai?

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 11,00,000 would incur a stamp duty of Rs 77,000 at a rate of 7%.