Guideline Value for THIRUVANCHAVADI STREET

Thiruvanchavadi Street guideline value

The current guideline value of Thiruvanchavadi Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Thiruporur village under the Thiruporur SRO, classified as Residential Class I Type - I.

How the guideline value of Thiruvanchavadi Street has changed

The guideline value of Thiruvanchavadi Street has seen several revisions over the years. Starting from Rs 120 per sq.ft in 2002, it increased to Rs 134 per sq.ft in 2003, marking a 12% rise. The next recorded revision was in 2012, where the value remained at Rs 800 per sq.ft, showing a significant increase of 497% from 2003. However, in 2017, the value dropped to Rs 536 per sq.ft, reflecting a decrease of 33% from the previous revision.

In 2023, the guideline value increased to Rs 800 per sq.ft, and then further rose to Rs 880 per sq.ft in 2024, which is a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 633%. Notably, there is no figure available for the year 2007 in the register for this street.

Guideline values in Thiruporur

In Thiruporur, there are 31 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 495 to Rs 4,500 per sq.ft. The median value is Rs 880 per sq.ft, which is the same as the guideline value for Thiruvanchavadi Street.

• Vanikar Street: Rs 880 per sq.ft (2024)
• Vannara @ Vendarasi Amman Koil Street: Rs 880 per sq.ft (2024)
• Sri Subramanya Avenue: Rs 1,100 per sq.ft (2024)
• West Mada Street: Rs 1,100 per sq.ft (2024)
• Sowbaghiya Nagar: Rs 880 per sq.ft (2024)
• South Mada Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvanchavadi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. It is important to 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 Thiruvanchavadi Street?

The Thiruporur Sub Registrar Office covers Thiruvanchavadi Street. The office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Thiruporur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thiruvanchavadi Street?

The current guideline value of Thiruvanchavadi Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, starting from Rs 120 per sq.ft in 2002 to Rs 880 per sq.ft in 2024, which is an overall increase of 633%.

What is the stamp duty for properties in Thiruvanchavadi Street?

The stamp duty for properties in Thiruvanchavadi Street is calculated at 7% of the higher of the guideline value or the sale price.

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

The Sub Registrar Office for Thiruvanchavadi Street is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

What are the other streets in Thiruporur with the same guideline value?

Other streets in Thiruporur with a guideline value of Rs 880 per sq.ft include Vanikar Street, Vannara @ Vendarasi Amman Koil Street, Sowbaghiya Nagar, and South Mada Street.