Guideline Value for THIRUVALLUVAR STREET

Thiruvalluvar Street guideline value

The current guideline value of Thiruvalluvar Street is Rs 4,620 per sq.ft, effective from 1 July 2024. This street is located in Ekkaduthangal village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Thiruvalluvar Street has changed

The guideline value for Thiruvalluvar Street has undergone several revisions over the years. The earliest recorded figure is from 2002, which was Rs 385 per sq.ft. This increased to Rs 444 per sq.ft in 2003, marking a 15% rise. By 2007, the value saw a significant jump to Rs 1,000 per sq.ft, reflecting a 125% increase. The value then rose to Rs 4,200 per sq.ft in 2012, a substantial 320% increase from the previous revision. However, it decreased to Rs 2,814 per sq.ft in 2017, showing a decline of 33% before climbing back to Rs 4,200 per sq.ft in 2023, followed by the current value of Rs 4,620 per sq.ft in 2024, which represents a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1100%. The register has no figures for the years not mentioned in this overview.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,080 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 4,620 per sq.ft, which is the same as the guideline value for Thiruvalluvar Street.

• Thiruvasagam Street: Rs 3,520 per sq.ft (2024)
• Thirumoolar Street: Rs 3,520 per sq.ft (2024)
• Thirumal Street: Rs 3,520 per sq.ft (2024)
• Thirumal 7th Street (Gandhi Nagar): Rs 3,520 per sq.ft (2024)
• Thirukumaran St: Rs 3,080 per sq.ft (2024)
• Thirugnanasambandam Street: Rs 3,520 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 4,620 per sq.ft, the total guideline value amounts to Rs 46,20,000. The stamp duty at 7% would be Rs 3,23,400, and the registration fee at 2% would be Rs 92,400. Together, the total cost for stamp duty and registration would be Rs 4,15,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Thiruvalluvar Street?

The Sub Registrar Office that covers Thiruvalluvar Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Ekkaduthangal. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value.

When a property is sold, the guideline value helps determine the minimum value on which stamp duty is calculated. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street?

The current guideline value of Thiruvalluvar Street is Rs 4,620 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 385 per sq.ft in 2002 to Rs 4,620 per sq.ft in 2024, marking an overall increase of 1100% over this period.

What is the stamp duty for property in Thiruvalluvar Street?

The stamp duty for property in Thiruvalluvar Street is calculated at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Thiruvalluvar Street located?

The Sub Registrar Office for Thiruvalluvar Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What are the guideline values of other streets in Ekkaduthangal?

Other streets in Ekkaduthangal have guideline values ranging from Rs 3,080 to Rs 8,800 per sq.ft, with Thiruvalluvar Street's value matching the median of Rs 4,620 per sq.ft.