Guideline Value for Thiruvalluar Pettai 2nd Street

Thiruvalluar Pettai 2nd Street guideline value

The current guideline value of Thiruvalluar Pettai 2nd Street is Rs 1,760 per sq.ft. 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 2nd Street has changed

The guideline value for Thiruvalluar Pettai 2nd Street has undergone several revisions over the years. The earliest recorded figure is from 2003, which was Rs 289 per sq.ft. This value increased to Rs 300 per sq.ft in 2007, marking a change of +4%. By 2017, the guideline value saw a significant rise to Rs 1,072 per sq.ft, reflecting an increase of +257%. The value further escalated to Rs 1,600 per sq.ft in 2023, a change of +49%. The most recent revision in 2024 has set the guideline value at Rs 1,760 per sq.ft, which is an increase of +10% from the previous year.

It is important to note that there are no recorded figures for the years 2002 and 2012 for Thiruvalluar Pettai 2nd Street. Overall, from 2003 to 2024, the guideline value has increased by +509%.

Guideline values in Anakaputhur

Anakaputhur has a total of 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing Thiruvalluar Pettai 2nd Street's value below this median.

• Thiruvalluar Pettai 1st 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 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total fees to Rs 1,58,400. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thiruvalluar Pettai 2nd Street?

The Sub Registrar Office that covers Thiruvalluar Pettai 2nd Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay the stamp duty based on the higher value between the guideline value and the sale price. This ensures that the registration fees reflect the true market value of the property being transferred.

Frequently asked questions

What is the current guideline value of Thiruvalluar Pettai 2nd Street?

The current guideline value of Thiruvalluar Pettai 2nd 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 changed significantly, from Rs 289 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, marking an overall increase of +509%.

What are the other guideline values in Anakaputhur?

The guideline values for other streets in Anakaputhur range from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft.

What fees are associated with buying property in Thiruvalluar Pettai 2nd Street?

When buying property, the buyer must pay stamp duty at 7% and a registration fee at 2% based on the higher of the guideline value or sale price.

Where is the Sub Registrar Office for Thiruvalluar Pettai 2nd Street?

The Sub Registrar Office for Thiruvalluar Pettai 2nd Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.