Guideline Value for THRIUVALLUVAR STREET (VILLAGE COLONY) (KR)

Thriuvalluvar Street (Village Colony) (Kr) guideline value

The current guideline value of Thriuvalluvar Street (Village Colony) (Kr) is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village and falls under the Chengleput Joint II SRO, classified as Residential Class II Type - II.

How the guideline value of Thriuvalluvar Street (Village Colony) (Kr) has changed

The guideline value for Thriuvalluvar Street has undergone several revisions over the years. In 2012, the value was set at Rs 500 per sq.ft, which later decreased to Rs 335 per sq.ft in 2017. Following this, the value increased significantly to Rs 500 per sq.ft in 2023, and further rose to Rs 550 per sq.ft in 2024, marking a 10% increase from the previous year. The register has no figures for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has seen a 10% increase, reflecting the changes in property valuation over the years.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Thriuvalluvar Street's 2024 figure below that median.

• Thondaiman Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Tholkoppiyar Street (N): Rs 1,320 per sq.ft (2024)
• Thulukkanathamman Koil Street (Ward -18): Rs 661 per sq.ft (2024)
• Thiyagarajar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Thiru. V.K. Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Thiru VI Ka Nagar: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Thriuvalluvar Street (Village Colony) (Kr)

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the 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, totaling Rs 49,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thriuvalluvar Street (Village Colony) (Kr)?

The Sub Registrar Office that covers Thriuvalluvar Street (Village Colony) (Kr) 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 more information.

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

The guideline value plays a crucial role in property transactions in Peramanoor. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This value is essential for ensuring that all legal and financial obligations are met during the property registration process.

It is important for buyers and sellers to be aware of the guideline value as it reflects the official valuation of the property. This valuation is utilized by the Registration Department to assess the applicable fees, ensuring that the transaction adheres to legal requirements.

Frequently asked questions

What is the current guideline value of Thriuvalluvar Street (Village Colony) (Kr)?

The current guideline value of Thriuvalluvar Street (Village Colony) (Kr) 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 are the stamp duty and registration fees for property in Thriuvalluvar Street?

The stamp duty for a property valued at Rs 5,50,000 is Rs 38,500, and the registration fee is Rs 11,000, totaling Rs 49,500.

Which office handles the registration for Thriuvalluvar Street?

The Chengleput Joint II Sub Registrar Office handles the registration for Thriuvalluvar Street (Village Colony) (Kr), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for Thriuvalluvar Street?

Thriuvalluvar Street (Village Colony) (Kr) is classified as Residential Class II Type - II, indicating its designation for residential use.