Guideline Value for THIRUVALLUVARPURAM 2ND STREET

Thiruvalluvarpuram 2nd Street guideline value

The current guideline value of Thiruvalluvarpuram 2nd 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 2nd Street has changed

The guideline value for Thiruvalluvarpuram 2nd Street has undergone several revisions over the years. The 2007 revision set the value at Rs 1,800 per sq.ft, which increased significantly to Rs 6,500 per sq.ft in 2012. However, there was a decrease to Rs 4,355 per sq.ft in 2017. The value then rose to Rs 6,500 per sq.ft in 2023 before reaching the current value of Rs 7,100 per sq.ft in 2024.

Between the revisions, the changes were notable. From 2007 to 2012, the value increased by 261%. There was a decrease of 33% from 2012 to 2017, followed by a significant increase of 49% from 2017 to 2023. The most recent 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, placing Thiruvalluvarpuram 2nd Street above this median.

• Thiruvalluvarpuram 1st 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 2nd Street

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

Which Sub Registrar Office covers Thiruvalluvarpuram 2nd Street?

The Sub Registrar Office that covers Thiruvalluvarpuram 2nd 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 an essential factor in property transactions in Vadaagaram. It determines the minimum price at which a property can be registered and is used to calculate the stamp duty and registration fees. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the registration process.

When buying or selling property, the guideline value serves as a reference point for both parties. It is crucial to be aware of the current guideline value to avoid any discrepancies during the registration process and to ensure that all fees are calculated accurately based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Thiruvalluvarpuram 2nd Street?

The current guideline value of Thiruvalluvarpuram 2nd Street is Rs 7,100 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 2007 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 294% over this period.

What is the land classification for Thiruvalluvarpuram 2nd Street?

The land classification for Thiruvalluvarpuram 2nd Street is Commercial Class I Type - III.

What are the stamp duty and registration fees for 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 amount to Rs 6,39,000.

Where is the Sub Registrar Office for Thiruvalluvarpuram 2nd Street located?

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