Guideline Value for THIRUVALLUVARPURAM 1ST STREET

Thiruvalluvarpuram 1st Street guideline value

The current guideline value of Thiruvalluvarpuram 1st Street is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Vadaagaram village and falls under the Kodambakkam SRO. The land classification for this area is Commercial Class I Type - III.

How the guideline value of Thiruvalluvarpuram 1st Street has changed

Looking at the historical revisions, the guideline value for Thiruvalluvarpuram 1st Street has seen significant changes over the years. In the 2007 revision, the value was Rs 1,800 per sq.ft, which increased to Rs 6,500 per sq.ft in 2012. However, it dropped to Rs 4,355 per sq.ft in 2017. The 2023 revision saw a rise to Rs 6,500 per sq.ft, and as of the 2024 revision, it stands at Rs 7,100 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

The changes between revisions are as follows: from 2007 to 2012, there was a notable increase of 261%. However, from 2012 to 2017, the value decreased by 33%. The value then rose by 49% from 2017 to 2023. Finally, the current revision from 2023 to 2024 reflects a 9% increase. Overall, from 2007 to 2024, the guideline value has increased by 294%.

Guideline values in Vadaagaram

In Vadaagaram, there are 78 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 6,600 per sq.ft, making the 2024 figure for Thiruvalluvarpuram 1st Street above that median.

• Thiruvalluvarpuram 2nd Street: Rs 7,100 per sq.ft (2024)
• Thanthoni Amman Koil Street: Rs 4,400 per sq.ft (2024)
• Vada Agaram 1st Street: Rs 12,000 per sq.ft (2024)
• Vada Agaram Road: Rs 7,700 per sq.ft (2024)
• Vada Agaram Street: Rs 6,600 per sq.ft (2024)
• Srinivasan Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvarpuram 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would amount to Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, making the total cost for these fees Rs 6,39,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvarpuram 1st Street?

The Sub Registrar Office that covers Thiruvalluvarpuram 1st Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vadaagaram. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the guideline value helps determine the minimum value at which the property can be registered. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of the property in the market.

Frequently asked questions

What is the current guideline value of Thiruvalluvarpuram 1st Street?

The current guideline value of Thiruvalluvarpuram 1st Street is Rs 7,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 1,800 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 294% over the years.

What is the land classification for Thiruvalluvarpuram 1st Street?

The land classification for Thiruvalluvarpuram 1st Street is Commercial Class I Type - III.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 71,00,000, the total fees would be Rs 6,39,000.

Which office handles the registration for Thiruvalluvarpuram 1st Street?

The Kodambakkam Sub Registrar Office handles the registration for Thiruvalluvarpuram 1st Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.