Guideline Value for Thanthaiperiyer Street

Thanthaiperiyer Street guideline value

The current guideline value of Thanthaiperiyer 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. The land classification for this area is Residential Class I Type - III.

How the guideline value of Thanthaiperiyer Street has changed

The guideline value for Thanthaiperiyer Street has undergone several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% increase. However, this value decreased to Rs 670 per sq.ft in 2017, a drop of 33%. The next revision in 2023 saw an increase to Rs 1,000 per sq.ft, followed by the latest revision in 2024, which set the value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

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 current value of Thanthaiperiyer Street.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to 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 information.

Which Sub Registrar Office covers Thanthaiperiyer Street?

The Sub Registrar Office that covers Thanthaiperiyer 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 the registration process when buying or selling property in Thiruvallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Thanthaiperiyer Street?

The current guideline value of Thanthaiperiyer 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, starting from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, which is an overall increase of 450% since 2007.

What is the registration office for Thanthaiperiyer Street?

The registration office for Thanthaiperiyer Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is stamp duty calculated for properties in Thiruvallur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 11,00,000 would incur a stamp duty of Rs 77,000 at the rate of 7%.

What is the median guideline value for streets in Thiruvallur?

The median guideline value for streets in Thiruvallur is Rs 1,100 per sq.ft, which is the same as the current guideline value for Thanthaiperiyer Street.