Guideline Value for THIRUVALLUVAR STREET (WARD -18)

Thiruvalluvar Street (Ward -18) guideline value

The current guideline value of Thiruvalluvar Street (Ward -18) is Rs 661 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this area is 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 earliest recorded revision is from 2012, where the guideline value was Rs 600 per sq.ft. In 2017, this figure decreased to Rs 402 per sq.ft, marking a decline of 33%. However, the subsequent revisions showed significant increases, with the value rising to Rs 600 per sq.ft in 2023, and further increasing by 10% to Rs 661 per sq.ft in 2024.

Between the 2017 and 2023 revisions, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. 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 VI Ka Nagar: Rs 990 per sq.ft (2024)
• Thiru. V.K. Street (Ward -8): 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 661 per sq.ft, the total guideline value would be Rs 6,61,000. The stamp duty at 7% would amount to Rs 46,270, while the registration fee at 2% would be Rs 13,220. Together, the total cost for stamp duty and registration would be Rs 59,490. It is important to note that duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

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, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on a standardized value set by the government.

When buying or selling property, the guideline value helps in establishing a fair transaction price, as it reflects the current market conditions for the area. Buyers and sellers should be aware of these values to ensure compliance with legal requirements during the registration process.

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 661 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 back up to Rs 600 per sq.ft in 2023, and finally to Rs 661 per sq.ft in 2024.

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

The land classification for Thiruvalluvar Street (Ward -18) is Residential Class I Type - III.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would amount to Rs 46,270.