Guideline Value for THRIUVALLURVAR STREET

Thriuvallurvar Street guideline value

The current guideline value of Thriuvallurvar Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Thirukkachur - 1 village under the Chengleput Joint II SRO, and it falls under the Residential Class I Type - II land classification.

How the guideline value of Thriuvallurvar Street has changed

Over the years, the guideline value of Thriuvallurvar Street has seen several revisions. The earliest recorded figure in the register is from 2012, which was Rs 500 per sq.ft. In 2017, the value was revised to Rs 335 per sq.ft, marking a decrease of 33%. However, the subsequent revisions showed a significant increase, with the 2023 revision setting the value at Rs 500 per sq.ft, and the latest 2024 revision increasing it to Rs 550 per sq.ft, reflecting a 10% rise.

From 2017 to 2023, there was a notable increase of 49% in the guideline value. Overall, comparing the figures from 2012 to 2024, there has been a 10% increase. It is important to note that the register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirukkachur - 1

In Thirukkachur - 1, there are 86 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 385 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 660 per sq.ft, placing Thriuvallurvar Street's 2024 figure below that median. The following are the guideline values for other streets in Thirukkachur - 1:

• Thiyagarajar Street: Rs 550 per sq.ft (2024)
• Thiyagarajapuram Nagar: Rs 660 per sq.ft (2024)
• Tnhb Thirukatchur: Rs 2,200 per sq.ft (2024)
• Transport Avenue: Rs 550 per sq.ft (2024)
• Thirukatchur South: Rs 550 per sq.ft (2024)
• Thirukatchur Periyar Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Thriuvallurvar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total charges to Rs 49,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thriuvallurvar Street?

The Sub Registrar Office that covers Thriuvallurvar Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Thirukkachur - 1

The guideline value is a crucial factor in property transactions in Thirukkachur - 1, as it determines the minimum value at which a property can be registered. When buying or selling property, this value is used to calculate the stamp duty and registration fees that need to be paid during the transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it can impact the overall cost of the transaction. Understanding the guideline value helps in ensuring that all legal requirements are met during the registration process.

Frequently asked questions

What is the current guideline value of Thriuvallurvar Street?

The current guideline value of Thriuvallurvar Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Thriuvallurvar Street?

Thriuvallurvar Street is classified as Residential Class I Type - II.

Where can I find the registration office for Thriuvallurvar Street?

The registration office for Thriuvallurvar Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Thriuvallurvar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 38,500 at a rate of 7%.