Guideline Value for THIRUVALLUVAR SALAI

Thiruvalluvar Salai guideline value

The current guideline value of Thiruvalluvar Salai is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in the Sholinganallur - 1 village under the Neelankarai SRO and is classified as Residential Class II Type - I.

How the guideline value of Thiruvalluvar Salai has changed

In the 2023 revision, the guideline value was Rs 3,000 per sq.ft. The latest revision in 2024 has increased this value to Rs 3,300 per sq.ft, marking a change of +10%. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the only revisions with figures for Thiruvalluvar Salai are from 2023 and 2024. The increase in the guideline value reflects the current valuation as per the latest register.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. Thiruvalluvar Salai's 2024 figure is above this median.

• Thiruvengadam Street: Rs 2,200 per sq.ft (2024)
• Thiruvengadam Street (Grama Nedunchalai 8th Cross Street): Rs 2,200 per sq.ft (2024)
• Thulukanam Thottam: Rs 1,700 per sq.ft (2024)
• Thulukkanam Street (Grama Nedunchalai Cross Street): Rs 2,200 per sq.ft (2024)
• Thiraviam Salai: Rs 4,400 per sq.ft (2024)
• Trit Wood Drive Avenue: Rs 4,400 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 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 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 Sholinganallur - 1

The guideline value is essential in determining the stamp duty and registration fees when buying or selling property in Sholinganallur - 1. It serves as a benchmark for the value of the property and is used by the registration department to calculate the applicable fees.

When a property is registered, the guideline value ensures that the transaction is documented at a value that reflects the current market conditions as per the official register. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Salai?

The current guideline value of Thiruvalluvar Salai is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, representing a 10% increase. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the classification of Thiruvalluvar Salai?

Thiruvalluvar Salai is classified as Residential Class II Type - I according to the Neelankarai SRO guidelines.

What are the stamp duty rates applicable in Thiruvalluvar Salai?

The stamp duty rate for property transactions in Thiruvalluvar Salai is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Neelankarai Sub Registrar Office?

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