Guideline Value for Thiruvalluar Street

Thiruvalluar Street guideline value

The current guideline value of Thiruvalluar Street in Kovilpathagai village, under the Ambattur SRO, is Rs 880 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class II Type - I.

How the guideline value of Thiruvalluar Street has changed

In the 2012 revision, the guideline value was Rs 800 per sq.ft. This figure then decreased to Rs 536 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 800 per sq.ft, which is a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 880 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value for these streets is Rs 870 per sq.ft, placing Thiruvalluar Street's 2024 figure above this median.

• Thiruvalluar Street (Ashok Nagar): Rs 880 per sq.ft (2024)
• Thirumullai Vayil Road: Rs 1,200 per sq.ft (2024)
• Thampaatti Nagar: Rs 805 per sq.ft (2024)
• Thalaimai Chailaga Nagar Extn: Rs 806 per sq.ft (2024)
• Thalaimai Chailaga Nagar Annex: Rs 1,200 per sq.ft (2024)
• Thalaimai Chailaga Nagar: Rs 806 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. 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 detailed calculations.

Which Sub Registrar Office covers Thiruvalluar Street?

The Sub Registrar Office that covers Thiruvalluar Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kovilpathagai. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. The guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Thiruvalluar Street?

The current guideline value of Thiruvalluar Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: from Rs 800 in 2012 to Rs 536 in 2017, then back to Rs 800 in 2023, and finally to Rs 880 in 2024. Overall, this represents a 10% increase from 2012 to 2024.

What is the median guideline value in Kovilpathagai?

The median guideline value for the 278 streets in Kovilpathagai is Rs 870 per sq.ft. Thiruvalluar Street's 2024 figure of Rs 880 per sq.ft is above this median.

What are the stamp duty and registration fees for Thiruvalluar Street?

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty would be Rs 61,600, and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which office handles registrations for Thiruvalluar Street?

The Ambattur Sub Registrar Office handles registrations for Thiruvalluar Street. It is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.