Guideline Value for THIRUVALLUVAR STREET

Thiruvalluvar Street guideline value

The current guideline value of Thiruvalluvar Street in Puliyur village, under the Kodambakkam SRO, is Rs 5,300 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Thiruvalluvar Street has changed

The guideline value for Thiruvalluvar Street has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 1,020 per sq.ft. This value increased to Rs 1,120 per sq.ft in 2003, marking a 10% rise. By 2007, the guideline value jumped significantly to Rs 1,500 per sq.ft, reflecting a 34% increase. The value then rose to Rs 4,900 per sq.ft in 2012, a substantial increase of 227%. However, it decreased to Rs 3,283 per sq.ft in 2017, showing a decline of 33% before climbing back to Rs 4,900 per sq.ft in 2023, which was a 49% increase. The most recent revision in 2024 set the value at Rs 5,300 per sq.ft, marking an 8% increase from the previous year.

There are no figures available for the revisions in years prior to 2002 or after 2024 for this street in the register. The overall change from 2002 to 2024 reflects an increase of 420% in the guideline value.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, placing Thiruvalluvar Street's 2024 figure below that median.

• Thiruvalluvar Puram 3rd Street: Rs 7,100 per sq.ft (2024)
• Thiruvalluvar Puram 2nd Street: Rs 7,100 per sq.ft (2024)
• Thiruvalluvar Puram 1st Street: Rs 7,100 per sq.ft (2024)
• Thiruvengadapuram 1st Street: Rs 7,100 per sq.ft (2024)
• Thiruvengadapuram 2nd Street: Rs 7,100 per sq.ft (2024)
• Thiruvengadapuram Main Road: Rs 7,100 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 5,300 per sq.ft, the total guideline value amounts to Rs 53,00,000. The stamp duty, charged at 7%, would be Rs 3,71,000, while the registration fee at 2% would be Rs 1,06,000, bringing the total cost for these fees to Rs 4,77,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Thiruvalluvar Street?

The Sub Registrar Office that covers Thiruvalluvar Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue from stamp duty and registration fees.

When buying or selling property, it is essential to consider the guideline value, as it affects the overall cost of the transaction. Buyers should ensure that the sale price is aligned with or exceeds the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street?

The current guideline value of Thiruvalluvar Street is Rs 5,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,020 in 2002 to Rs 5,300 in 2024, reflecting an overall increase of 420% over this period.

What are the other streets in Puliyur with their guideline values?

Other streets in Puliyur include Thiruvalluvar Puram 1st, 2nd, and 3rd Streets, as well as Thiruvengadapuram 1st and 2nd Streets and Thiruvengadapuram Main Road, all valued at Rs 7,100 per sq.ft in 2024.

What is the stamp duty rate for properties in Thiruvalluvar Street?

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

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

The Sub Registrar Office for Thiruvalluvar Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.