Guideline Value for Thiruvalluar Pettai 1st Street

Thiruvalluar Pettai 1st Street guideline value

The current guideline value of Thiruvalluar Pettai 1st Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO and is classified as Residential Class II Type - I.

How the guideline value of Thiruvalluar Pettai 1st Street has changed

The guideline value for Thiruvalluar Pettai 1st Street has undergone several revisions over the years. The earliest recorded value is from 2003, which was Rs 289 per sq.ft. This increased to Rs 300 per sq.ft in 2007, marking a 4% rise. The value saw a significant jump to Rs 1,072 per sq.ft in 2017, which is a 257% increase from the previous revision. In 2023, the guideline value further increased to Rs 1,600 per sq.ft, representing a 49% rise. The most recent revision in 2024 set the value at Rs 1,760 per sq.ft, reflecting a 10% increase from 2023.

It is important to note that there are no recorded figures for the years 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 509%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. Thiruvalluar Pettai 1st Street's 2024 guideline value is below this median.

• Thiruvalluar Pettai 2nd Street: Rs 1,760 per sq.ft (2024)
• Thiruvalluar Pettai Extn.,: Rs 1,760 per sq.ft (2024)
• Thiruvallur Street: Rs 1,760 per sq.ft (2024)
• Thirupuraisundari Street: Rs 1,760 per sq.ft (2024)
• Thiruvalluvar IIIrd Cross Street: Rs 1,320 per sq.ft (2024)
• Thiruvalluvar IInd Cross Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluar Pettai 1st Street

For a 1,000 sq.ft plot at the current rate of Rs 1,760 per sq.ft, the guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, totaling Rs 1,58,400. It is essential to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluar Pettai 1st Street?

The Thiruvalluar Pettai 1st Street is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Anakaputhur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are necessary for legal documentation.

It is important for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements. The guideline value serves as a reference point for both parties during negotiations and helps in assessing the fair value of the property.

Frequently asked questions

What is the current guideline value of Thiruvalluar Pettai 1st Street?

The current guideline value of Thiruvalluar Pettai 1st Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 289 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, which is a total increase of 509% over the years.

What is the land classification for Thiruvalluar Pettai 1st Street?

Thiruvalluar Pettai 1st Street is classified as Residential Class II Type - I.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is stamp duty calculated for properties in Thiruvalluar Pettai 1st Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 at 7%.