Guideline Value for Thirukkural Street

Thirukkural Street guideline value

The current guideline value of Thirukkural Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Thirukkural Street has changed

The guideline value for Thirukkural Street has undergone revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 4,000 per sq.ft. From 2012 to the 2024 revision, the value increased by 10%, resulting in the current figure of Rs 4,400 per sq.ft. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

In summary, the guideline value increased from Rs 4,000 per sq.ft in 2012 to Rs 4,400 per sq.ft in 2024. This change reflects the adjustments made in the valuation process, highlighting a clear upward trend in the value assigned to this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 3,850 per sq.ft, positioning Thirukkural Street's 2024 figure above this median.

• Thirukkural 1st Street: Rs 4,400 per sq.ft (2024)
• Thirumalai Nagar Main Road: Rs 4,400 per sq.ft (2024)
• Thirumalai Street (Krishnamachari): Rs 4,400 per sq.ft (2024)
• Thiru Murugan Street: Rs 4,400 per sq.ft (2024)
• THIRU NAGAR Annex: Rs 4,400 per sq.ft (2024)
• THIRU NAGAR Annex 1st Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Thirukkural Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thirukkural Street?

The Sub Registrar Office that covers Thirukkural Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is assessed to ensure that the fees are calculated accurately. Buyers and sellers must be aware of this value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Thirukkural Street?

The current guideline value of Thirukkural Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 4,000 per sq.ft in 2012 to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase over this period.

What is the median guideline value in Valasaravakkam?

The median guideline value for streets in Valasaravakkam is Rs 3,850 per sq.ft, with Thirukkural Street's value being above this median.

What are the stamp duty and registration fees for a property in Thirukkural Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 44,00,000, with a stamp duty of Rs 3,08,000 and a registration fee of Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for Thirukkural Street?

The Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037, handles registrations for Thirukkural Street.