Guideline Value for THIRUVALLUVAR STREET (WARD-20)

Thiruvalluvar Street (Ward-20) guideline value

The current guideline value of Thiruvalluvar Street (Ward-20) is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Konathi village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Thiruvalluvar Street (Ward-20) has changed

The guideline value for Thiruvalluvar Street has seen several revisions over the years. In 2012, the value was set at Rs 800 per sq.ft, which was then reduced to Rs 536 per sq.ft in 2017. This was a decrease of 33%. Following that, the value increased significantly to Rs 800 per sq.ft in 2023, and further rose to the current rate of Rs 880 per sq.ft in 2024, marking a 10% increase from the previous year.

Between 2017 and 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Konathi

In Konathi village, there are 131 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,500 per sq.ft. The median guideline value is Rs 770 per sq.ft, placing Thiruvalluvar Street's 2024 figure above this median.

• Thiruvalluvar Street (Ward-21): Rs 660 per sq.ft (2024)
• Thiruveeka Street (Ward-21): Rs 660 per sq.ft (2024)
• Thulukkanathamman Koil Street (Ward -1): Rs 770 per sq.ft (2024)
• Thirumurugan Nagar Main Road (Ward -1): Rs 770 per sq.ft (2024)
• Vallalar Nagar Ambedkar Street (Ward-21): Rs 660 per sq.ft (2024)
• Vallancheri Anna Street (Ward -1): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Street (Ward-20)

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty is charged at 7%, which totals Rs 61,600, and the registration fee is 2%, amounting to Rs 17,600. Together, these fees come to Rs 79,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Street (Ward-20)?

The Sub Registrar Office that covers Thiruvalluvar Street (Ward-20) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Konathi. It serves as the basis for calculating the stamp duty and registration fees, which are essential costs that buyers and sellers must consider during the transaction process.

When a property is bought or sold, the guideline value helps determine the official value of the property for registration purposes. This ensures that the transaction is recorded accurately and that the appropriate taxes are paid to the government.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street (Ward-20)?

The current guideline value of Thiruvalluvar Street (Ward-20) is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification for Thiruvalluvar Street (Ward-20)?

The land classification for Thiruvalluvar Street (Ward-20) is Residential Class I Type - II.

What is the median guideline value in Konathi village?

The median guideline value in Konathi village is Rs 770 per sq.ft, with Thiruvalluvar Street's current value being above this median.

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, in the Chengalpattu registration zone.