Guideline Value for THIRUVALLUVAR STREET (WARD -18)

Thiruvalluvar Street (Ward -18) guideline value

The current guideline value of Thiruvalluvar Street (Ward -18) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - III.

How the guideline value of Thiruvalluvar Street (Ward -18) has changed

The guideline value for Thiruvalluvar Street has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017. Following this, the value increased significantly to Rs 600 per sq.ft in 2023, and then further to Rs 660 per sq.ft in 2024, marking a 10% increase from the previous year. The register has no figure for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but overall, from 2012 to 2024, the guideline value has increased by 10%. The most notable change occurred between 2017 and 2023, where the value rose by 49%.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, indicating that Thiruvalluvar Street's 2024 figure is below this median.

• 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)
• Thiruvalluvar Salai (Ward -6): Rs 2,200 per sq.ft (2024)
• Thiru. V.K. Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Thiyagarajar Street (Ward -7): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Street (Ward -18)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty, charged at 7%, would be Rs 46,200, while the registration fee at 2% would be Rs 13,200, bringing the total cost for these fees to Rs 59,400. It is important 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 Street (Ward -18)?

The Sub Registrar Office that covers Thiruvalluvar Street (Ward -18) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO for additional information.

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

The guideline value is a crucial factor when registering property transactions in Kattankollatur. It serves as a benchmark for determining the minimum value at which property can be sold and is used to calculate stamp duty and registration fees during the registration process.

When buying or selling property, the guideline value ensures that the transaction reflects a fair value in accordance with government regulations. It is essential for both buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration of the property.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street (Ward -18)?

The current guideline value of Thiruvalluvar Street (Ward -18) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Thiruvalluvar Street (Ward -18)?

Thiruvalluvar Street (Ward -18) is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for Thiruvalluvar Street (Ward -18)?

The Chengleput Joint II Sub Registrar Office covers Thiruvalluvar Street (Ward -18) and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Thiruvalluvar Street (Ward -18)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200.