Guideline Value for Thiru Valluvar 4th Street

Thiru Valluvar 4th Street guideline value

The current guideline value of Thiru Valluvar 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kadaperi village under the Tambaram Joint 1 SRO, classified as Commercial Class I Type - II.

How the guideline value of Thiru Valluvar 4th Street has changed

The guideline value for Thiru Valluvar 4th Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which was then reduced to Rs 2,010 per sq.ft in the 2017 revision. Following this, the value increased to Rs 3,000 per sq.ft in the 2023 revision, and finally, it rose to Rs 3,300 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is a 10% increase. The most significant change occurred between the 2017 and 2023 revisions, where the value increased by 49%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Kadaperi

Kadaperi village has a total of 142 streets under the Tambaram Joint 1 SRO, with 2024 guideline values ranging from Rs 880 to Rs 7,700 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, making Thiru Valluvar 4th Street's 2024 figure of Rs 3,300 per sq.ft significantly above this median.

• Thiru Valluvar 3rd Street: Rs 3,300 per sq.ft (2024)
• Thiru Valluvar 5th Street: Rs 3,300 per sq.ft (2024)
• Thiru Valluvar 2nd 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 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to 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 cost for these fees 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.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiru Valluvar 4th Street?

The Thiru Valluvar 4th Street falls under 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kadaperi. It is used to determine the stamp duty and registration fees, ensuring that these costs are calculated based on the official value set by the government.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the registration reflects the true value of the transaction, as determined by the government’s assessment.

Frequently asked questions

What is the current guideline value of Thiru Valluvar 4th Street?

The current guideline value of Thiru Valluvar 4th 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 4th Street?

Thiru Valluvar 4th Street is classified as Commercial Class I Type - II under the current guidelines.

What are the stamp duty and registration fees for a property in this area?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 33,00,000, the total fees would amount to Rs 2,97,000.

Which Sub Registrar Office handles registrations for this street?

The Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, covers Thiru Valluvar 4th Street for registration purposes.