Guideline Value for Thiru Valluvar Ist Street

Thiru Valluvar Ist Street guideline value

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

How the guideline value of Thiru Valluvar Ist Street has changed

The guideline value for Thiru Valluvar Ist Street has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased significantly to Rs 3,000 per sq.ft by 2012, marking a 400% rise. However, from 2012 to 2017, the value decreased to Rs 2,010 per sq.ft, a drop of 33%. The value then rose again to Rs 3,000 per sq.ft in 2023, and most recently to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase.

Between the revisions, the most notable change occurred from 2017 to 2023, where the value surged by 49%. Overall, from 2007 to 2024, the guideline value has increased by 450%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Kadaperi

Kadaperi village has a total of 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. The median guideline value for these streets is Rs 1,650 per sq.ft, indicating that Thiru Valluvar Ist Street's value of Rs 3,300 per sq.ft is above this median.

• Thiru Valluvar 5th Street: Rs 3,300 per sq.ft (2024)
• Thiru Valluvar 4th Street: Rs 3,300 per sq.ft (2024)
• Thiru Valluvar 3rd Street: Rs 3,300 per sq.ft (2024)
• Thiru Valluvar 2nd 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 Ist 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, charged 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 the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Thiru Valluvar Ist Street?

The Thiru Valluvar Ist Street is covered by 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 further assistance.

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 stamp duty and registration fees, ensuring that these costs are based on a standardized valuation of the property rather than fluctuating market prices.

When buying or selling property, it is essential to be aware of the guideline value as it impacts the overall transaction cost. Buyers must ensure that they are prepared for these fees, which are calculated on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Thiru Valluvar Ist Street?

The current guideline value of Thiru Valluvar Ist 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 600 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 450% over this period.

What is the land classification for Thiru Valluvar Ist Street?

Thiru Valluvar Ist Street is classified as Commercial Class I Type - II.

Where is the Sub Registrar Office located for this street?

The Sub Registrar Office covering Thiru Valluvar Ist Street is located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in this area?

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