Guideline Value for THIRUVALLUVAR STREET (WARD-20)

Thiruvalluvar Street (Ward-20) guideline value

The current guideline value of Thiruvalluvar Street (Ward-20) is Rs 881 per sq.ft, effective from 1 July 2024. This street is located in Thailavaram 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. The 2012 revision set the value at Rs 800 per sq.ft, which was a decrease of 33% from the previous figure of Rs 536 per sq.ft in 2017. The value remained unchanged at Rs 800 per sq.ft in the 2023 revision, before increasing to Rs 881 per sq.ft in the 2024 revision, marking a 10% increase.

From the 2017 revision to the 2023 revision, the guideline value increased by 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 Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 770 per sq.ft, placing Thiruvalluvar Street's 2024 figure above that 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)
• Vainavi Crystal Garden: Rs 1,100 per sq.ft (2024)
• Vallalar Nagar Ambedkar Street (Ward-21): Rs 660 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 rate, the guideline value is Rs 8,81,000. The stamp duty at 7% would be Rs 61,670, and the registration fee at 2% would be Rs 17,620, bringing the total to Rs 79,290. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our 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, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions as it determines the minimum price at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership.

When buying or selling property in Thailavaram, it is essential to be aware of the current guideline value, as it affects the overall cost of the transaction. Buyers should ensure that they are prepared for these additional costs when budgeting for a property purchase.

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 881 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 881 per sq.ft in 2024, reflecting an overall increase of 10% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 8,81,000, the stamp duty would be Rs 61,670, and the registration fee would be Rs 17,620, totaling Rs 79,290.

Which office registers properties in Thiruvalluvar Street (Ward-20)?

The Chengleput Joint II Sub Registrar Office is responsible for registering properties in Thiruvalluvar Street (Ward-20).

What is the land classification for Thiruvalluvar Street?

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