Guideline Value for Thirumallai Street

Thirumallai Street guideline value

The current guideline value of Thirumallai Street in Thiruvallur village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Thirumallai Street has changed

Over the years, the guideline value of Thirumallai Street has seen significant changes. The 2007 revision recorded a value of Rs 200 per sq.ft, which increased dramatically to Rs 1,000 per sq.ft in the 2012 revision, marking a 400% rise. However, the value then decreased to Rs 670 per sq.ft in 2017, a decline of 33%. The 2023 revision set the value at Rs 1,000 per sq.ft, and the most recent 2024 revision has increased it to Rs 1,100 per sq.ft, reflecting a 10% increase.

The guideline value register does not have 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 value is Rs 1,100 per sq.ft, which is equal to the current guideline value of Thirumallai Street.

• Thilagar Street: Rs 1,100 per sq.ft (2024)
• Theradi Street: Rs 3,300 per sq.ft (2024)
• Thanthaiperiyer 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)

Stamp duty and registration fee for property in Thirumallai 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, making the total fees together Rs 99,000. 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 details.

Which Sub Registrar Office covers Thirumallai Street?

The Thirumallai Street falls under 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 more information.

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

The guideline value is a crucial factor during property registration in Thiruvallur. It is used to determine the stamp duty and registration fees payable by the buyer or seller. The fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the registration reflects the true value of the property.

When buying or selling property, understanding the guideline value helps in budgeting for the additional costs involved in the transaction. It is essential to be aware of these values to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Thirumallai Street?

The current guideline value of Thirumallai 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 changed significantly from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 450%.

What are the other streets with the same guideline value?

Other streets in Thiruvallur with the same 2024 guideline value of Rs 1,100 per sq.ft include Thilagar Street, Thanthaiperiyer Street, Thalamuthu natarajan Street, Thalakkanjeri Road (A) Kamarasar St., and Thagilikpttai Street.

Where can I find the registration office for Thirumallai Street?

The registration office for Thirumallai 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 Thirumallai Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000.