Guideline Value for THIRUVALLUVAR STREET

Thiruvalluvar Street guideline value

The current guideline value of Thiruvalluvar Street in Thiruvancheri village is Rs 1,980 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram Sub Registrar Office and is classified as Residential Class I Type - I.

How the guideline value of Thiruvalluvar Street has changed

The guideline value for Thiruvalluvar Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was followed by a decrease to Rs 1,206 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased to Rs 1,500 per sq.ft, marking a 24% rise. The most recent revision in 2024 saw a significant increase to Rs 1,980 per sq.ft, reflecting a 32% change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for Thiruvalluvar Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thiruvancheri

In Thiruvancheri, there are 70 streets under the Pallavaram SRO with 2024 guideline values ranging from Rs 1,100 to Rs 5,000 per sq.ft. The median value is Rs 1,980 per sq.ft, which is equal to the 2024 figure for Thiruvalluvar Street.

• Thirumalai Nagar: Rs 1,980 per sq.ft (2024)
• Vaijayanthi Mala Bali Street: Rs 1,980 per sq.ft (2024)
• S.V.Farms Paruthi Main Road I: Rs 2,530 per sq.ft (2024)
• S.V.Farms Cross Streets-II: Rs 2,530 per sq.ft (2024)
• Suppan Street: Rs 1,980 per sq.ft (2024)
• Veerama Munivar Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total fees to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Thiruvalluvar Street?

The Sub Registrar Office that covers Thiruvalluvar Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, 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 Thiruvancheri

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruvancheri. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street?

The current guideline value of Thiruvalluvar Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the registration office for Thiruvalluvar Street?

The registration office for Thiruvalluvar Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What are the other streets in Thiruvancheri with the same guideline value?

Other streets in Thiruvancheri with the same guideline value of Rs 1,980 per sq.ft include Thirumalai Nagar, Vaijayanthi Mala Bali Street, Suppan Street, and Veerama Munivar Street.

How is the stamp duty calculated for properties in Thiruvalluvar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 at 7%.