Guideline Value for THIRUVALLUVAR STREET

Thiruvalluvar Street guideline value

The current guideline value of Thiruvalluvar Street in Jelandianpettai village is Rs 2,750 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO 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 undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, which is an increase from Rs 2,500 per sq.ft in 2023, marking a change of +10%. Prior to that, in 2017, the value was Rs 1,675 per sq.ft, showing a significant increase of +49% to the 2023 figure. The 2012 revision set the value at Rs 2,000 per sq.ft, which was a decrease of -16% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by +38%.

The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Jelandianpettai

In Jelandianpettai, there are 248 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, positioning Thiruvalluvar Street above this median.

• Thiruvengadam Street: Rs 2,200 per sq.ft (2024)
• Thiru.V.Ka. Street: Rs 2,200 per sq.ft (2024)
• Thirukural Street: Rs 2,200 per sq.ft (2024)
• Uthukulam @ Thiruvalluvar Street: Rs 2,200 per sq.ft (2024)
• Vaithiyalingam Street: Rs 2,200 per sq.ft (2024)
• Vallalar Street: Rs 2,200 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 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost together to Rs 2,47,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

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 information.

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

When buying or selling property in Jelandianpettai, the guideline value is used to determine the stamp duty and registration fees payable at the time of registration. This value serves as a benchmark for calculating the official costs associated with property transactions.

It is crucial for buyers and sellers to be aware of the guideline value, as it can significantly impact the total expenses incurred during the property transaction process. Ensuring that these values are accurately reflected in the registration documents is essential for compliance with local regulations.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street?

The current guideline value of Thiruvalluvar Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 in 2012 to Rs 2,750 in 2024, with various revisions in between, including Rs 1,675 in 2017 and Rs 2,500 in 2023.

What is the land classification for Thiruvalluvar Street?

Thiruvalluvar Street is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Thiruvalluvar Street?

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.

How is the stamp duty calculated for properties in Jelandianpettai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,50,000, the stamp duty at 7% would be Rs 1,92,500.