Guideline Value for THIRUVALLUVAR STREET (SRI JAYENDRA COLONY)

Thiruvalluvar Street (Sri Jayendra Colony) guideline value

The current guideline value of Thiruvalluvar Street (Sri Jayendra Colony) is Rs 6,100 per sq.ft, effective from 1 July 2024. This street is located in Perungudi village under the Neelankarai SRO and is classified as Residential Special Type - III.

How the guideline value of Thiruvalluvar Street (Sri Jayendra Colony) has changed

The guideline value for Thiruvalluvar Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 800 per sq.ft. This increased significantly to Rs 5,500 per sq.ft in 2012, marking a rise of 588%. However, it then decreased to Rs 3,685 per sq.ft in 2017, a decline of 33%. The value saw a substantial increase again, reaching Rs 5,500 per sq.ft in 2023, which is a 49% rise from the previous revision. The latest revision in 2024 has set the guideline value at Rs 6,100 per sq.ft, reflecting an 11% increase from 2023.

It is important to note that there are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 663%.

Guideline values in Perungudi

In Perungudi, there are 249 streets under the Neelankarai SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft, with a median value of Rs 3,300 per sq.ft. Thiruvalluvar Street's 2024 guideline value of Rs 6,100 per sq.ft is above this median.

• Thiruvalluvar Street: Rs 6,100 per sq.ft (2024)
• Thiruvalluvar Nagar Part-1: Rs 2,800 per sq.ft (2024)
• Thiruvalluvar Nagar Part: Rs 2,800 per sq.ft (2024)
• Thiruvenkadam Nagar 1st Cross Street: Rs 4,400 per sq.ft (2024)
• Thiruvenkadam Nagar 2nd Cross Street: Rs 3,300 per sq.ft (2024)
• Thiruvenkadam Nagar 2nd Main Road: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Street (Sri Jayendra Colony)

For a 1,000 sq.ft plot at the current guideline value of Rs 6,100 per sq.ft, the total guideline value amounts to Rs 61,00,000. The stamp duty at 7% would be Rs 4,27,000, and the registration fee at 2% would be Rs 1,22,000, bringing the total cost for these fees to Rs 5,49,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluvar Street (Sri Jayendra Colony)?

The Sub Registrar Office that covers Thiruvalluvar Street (Sri Jayendra Colony) 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 details.

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

The guideline value plays a crucial role in the registration process of property transactions in Perungudi. It is used to determine the stamp duty and registration fees that are applicable when a property is bought or sold. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in a property transaction, it is essential to be aware of the current guideline value to ensure compliance with the registration requirements. This helps in accurately calculating the costs associated with the transaction.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street?

The current guideline value of Thiruvalluvar Street (Sri Jayendra Colony) is Rs 6,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 800 per sq.ft in 2007, increasing to Rs 5,500 in 2012, and then fluctuating to Rs 3,685 in 2017. The value rose to Rs 5,500 in 2023 and is now Rs 6,100 in 2024.

What is the land classification of Thiruvalluvar Street?

Thiruvalluvar Street is classified as Residential Special Type - III under the Neelankarai SRO.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 61,00,000, the stamp duty would be Rs 4,27,000, and the registration fee would be Rs 1,22,000, totaling Rs 5,49,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Thiruvalluvar Street located?

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