Guideline Value for Thiru Valluvar 2nd Street

Thiru Valluvar 2nd Street guideline value

The current guideline value of Thiru Valluvar 2nd Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kadaperi village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Thiru Valluvar 2nd Street has changed

The guideline value for Thiru Valluvar 2nd Street has seen several changes over the years. In the 2012 revision, the value was Rs 3,000 per sq.ft, which decreased to Rs 2,010 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,000 per sq.ft in the 2023 revision, and then rose again to Rs 3,300 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a substantial increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Kadaperi

In Kadaperi, there are 142 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 7,700 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value of Thiru Valluvar 2nd Street is above this median.

• Thiru Valluvar 3rd Street: Rs 3,300 per sq.ft (2024)
• Thiru Valluvar 4th Street: Rs 3,300 per sq.ft (2024)
• Thiru Valluvar 5th Street: Rs 3,300 per sq.ft (2024)
• Thiru Valluvar Ist Street: Rs 3,300 per sq.ft (2024)
• Thiruvalluvarpuram Bajanai Koil Street: Rs 1,100 per sq.ft (2024)
• Thiruneermalai Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru Valluvar 2nd Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use this stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiru Valluvar 2nd Street?

The Sub Registrar Office that covers Thiru Valluvar 2nd Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Kadaperi. It serves as a benchmark for calculating the stamp duty and registration fees that are payable upon the sale or purchase of property. Buyers and sellers must be aware that these fees are based on the guideline value or the sale price, whichever is higher.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately in the government records. This transparency helps in maintaining a standard for property transactions within the region.

Frequently asked questions

What is the current guideline value of Thiru Valluvar 2nd Street?

The current guideline value of Thiru Valluvar 2nd Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification of Thiru Valluvar 2nd Street?

The land classification for Thiru Valluvar 2nd Street is Commercial Class I Type - II.

Where can I find the Sub Registrar Office for Thiru Valluvar 2nd Street?

The Sub Registrar Office for Thiru Valluvar 2nd Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Kadaperi?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 33,00,000, the stamp duty at 7% would be Rs 2,31,000.