Guideline Value for Thiruppuzhal Street

Thiruppuzhal Street guideline value

The current guideline value of Thiruppuzhal Street is Rs 3,850 per sq.ft, effective from 1 July 2024. It is located in Valasaravakkam village under the Virugambakkam SRO, classified as Residential Class II Type - I.

How the guideline value of Thiruppuzhal Street has changed

The guideline value for Thiruppuzhal Street has seen several revisions over the years. The 2012 revision set the rate at Rs 3,500 per sq.ft, which was followed by a decrease to Rs 2,345 per sq.ft in 2017. However, the value increased significantly in the subsequent revisions, reaching Rs 3,500 per sq.ft again in 2023, and then rising to Rs 3,850 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Looking at the changes between these revisions, the increase from 2017 to 2023 was 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median value is Rs 3,850 per sq.ft, which is the same as the current guideline value for Thiruppuzhal Street.

• Thiruppuzhal 1st Cross Street: Rs 3,850 per sq.ft (2024)
• Thiruppur Koil Street: Rs 3,850 per sq.ft (2024)
• Thiruppathi Nagar Vijay 3rd street: Rs 3,850 per sq.ft (2024)
• Thiruppathi Nagar Main Road: Rs 3,850 per sq.ft (2024)
• Thiruppathi Nagar 7th Street: Rs 3,850 per sq.ft (2024)
• Thiruppathi Nagar 6th Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruppuzhal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, making the total fees Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Thiruppuzhal Street?

The Sub Registrar Office that covers Thiruppuzhal Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your specific SRO, you can visit find your SRO.

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

The guideline value is an essential factor in property transactions in Valasaravakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid during the registration process.

It is crucial for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations and to avoid any discrepancies during the registration of property transactions.

Frequently asked questions

What is the current guideline value of Thiruppuzhal Street?

The current guideline value of Thiruppuzhal Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then back to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,850 per sq.ft in 2024.

What are the stamp duty and registration fees for a property on Thiruppuzhal Street?

For a 1,000 sq.ft plot, the guideline value is Rs 38,50,000. The stamp duty would be Rs 2,69,500, and the registration fee would be Rs 77,000, totaling Rs 3,46,500.

Which Sub Registrar Office covers Thiruppuzhal Street?

The Virugambakkam Sub Registrar Office covers Thiruppuzhal Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification of Thiruppuzhal Street?

Thiruppuzhal Street is classified as Residential Class II Type - I, indicating its designation for residential use within the locality.