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 Potheri 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 undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which was then decreased to Rs 536 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 800 per sq.ft, and the most recent 2024 revision raised it further to Rs 880 per sq.ft, marking a 10% increase from the previous year.

In summary, the changes in the guideline value from 2012 to 2024 show an overall increase of 10%, with a significant rise of 49% from 2017 to 2023. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Potheri

Potheri village has a total of 129 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,970 per sq.ft. The median guideline value for these streets 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 at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for accurate calculations.

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 Potheri

The guideline value plays a crucial role in the registration process when buying or selling property in Potheri. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that both parties are aware of the financial implications of the transaction.

When a property is sold, the guideline value is used to determine the minimum price at which the property can be registered. This helps maintain transparency and fairness in property transactions within the region.

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 seen several revisions, with the 2012 figure at Rs 800 per sq.ft, a decrease to Rs 536 per sq.ft in 2017, then an increase 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 are the other guideline values in Potheri?

Other streets in Potheri have varying guideline values. For instance, Thiruvalluvar Street (Ward-21) and Thiruveeka Street (Ward-21) both have a guideline value of Rs 660 per sq.ft, while Thulukkanathamman Koil Street and Thirumurugan Nagar Main Road (Ward -1) are valued at Rs 770 per sq.ft.

Where can I find the Sub Registrar Office for Thiruvalluvar Street (Ward-20)?

The Sub Registrar Office for Thiruvalluvar Street (Ward-20) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.