Guideline Value for Thiruvallur Main Road

Thiruvallur Main Road guideline value

The current guideline value of Thiruvallur Main Road in Thodukadu village is Rs 500 per sq.ft, effective from 1 July 2024. This property falls under the Sriperumpudur SRO and is classified as Residential Special Type - I.

How the guideline value of Thiruvallur Main Road has changed

The guideline value for Thiruvallur Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 335 per sq.ft. Following this, the 2023 revision brought the value back to Rs 500 per sq.ft, and it has remained the same in the 2024 revision, showing no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 500 per sq.ft.

Guideline values in Thodukadu

In Thodukadu, there are 24 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,250 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing Thiruvallur Main Road above this median.

• Usha Nagar: Rs 300 per sq.ft (2024)
• Vayalur Road: Rs 300 per sq.ft (2024)
• Sri Nagar: Rs 400 per sq.ft (2024)
• Sri Ashok Nagar: Rs 500 per sq.ft (2024)
• Purushothaman Avenue: Rs 300 per sq.ft (2024)
• Pari Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvallur Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees together to Rs 45,000. Please 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 Thiruvallur Main Road?

The Thiruvallur Main Road is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important factor in property transactions in Thodukadu. It serves as a benchmark for determining the stamp duty and registration fees applicable during the buying or selling process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable fees, which are mandatory for all transactions. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thiruvallur Main Road?

The current guideline value of Thiruvallur Main Road is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft since the 2012 revision, with a decrease to Rs 335 per sq.ft in 2017, followed by a return to Rs 500 per sq.ft in 2023 and 2024.

What is the land classification for Thiruvallur Main Road?

Thiruvallur Main Road is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties on Thiruvallur Main Road?

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000.

Where is the Sub Registrar Office for Thiruvallur Main Road located?

The Sub Registrar Office covering Thiruvallur Main Road is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.