Guideline Value for Thalamuthu natarajan Street

Thalamuthu natarajan Street guideline value

The current guideline value of Thalamuthu natarajan Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village and falls under the Tiruvallur Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of Thalamuthu natarajan Street has changed

In the 2007 revision, the guideline value was Rs 200 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in the 2012 revision, marking a 400% rise. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft, reflecting a 33% drop. The value then rose to Rs 1,000 per sq.ft in the 2023 revision, representing a 49% increase. Finally, the current value is Rs 1,100 per sq.ft from the 2024 revision, which is a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Thiruvallur

In Thiruvallur village, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,850 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, which is equal to the 2024 figure for Thalamuthu natarajan Street.

• Thalakkanjeri Road (A) Kamarasar St.: Rs 1,100 per sq.ft (2024)
• Thagilikpttai Street.: Rs 1,100 per sq.ft (2024)
• Thanthaiperiyer Street: Rs 1,100 per sq.ft (2024)
• Theradi Street: Rs 3,300 per sq.ft (2024)
• Thilagar Street: Rs 1,100 per sq.ft (2024)
• Thirumallai Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thalamuthu natarajan Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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 Thalamuthu natarajan Street?

The Sub Registrar Office that covers Thalamuthu natarajan Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Thiruvallur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, ensuring compliance with local regulations.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This means that understanding the current guideline value is essential for accurate budgeting during property transactions.

Frequently asked questions

What is the current guideline value of Thalamuthu natarajan Street?

The current guideline value of Thalamuthu natarajan Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, representing an overall increase of 450% over the years.

What are the stamp duty rates for properties in Thalamuthu natarajan Street?

The stamp duty for properties in Thalamuthu natarajan Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Thalamuthu natarajan Street?

The Sub Registrar Office covering Thalamuthu natarajan Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What is the land classification for Thalamuthu natarajan Street?

Thalamuthu natarajan Street is classified as Residential Class I Type - III, indicating its suitability for residential purposes.