Guideline Value for Thiruvallur Road (Palkara Street To Arinjar Anna Street)

Thiruvallur Road (Palkara Street To Arinjar Anna Street) guideline value

The current guideline value for Thiruvallur Road (Palkara Street To Arinjar Anna Street) is Rs 2,000 per sq.ft, effective from 1 July 2024. This street is located in Molachoor village, under the Sunguvarchattram SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Thiruvallur Road (Palkara Street To Arinjar Anna Street) has changed

The guideline value for this street has seen several revisions over the years. In 2012, the value was set at Rs 2,000 per sq.ft. This was followed by a decrease in 2017 to Rs 1,340 per sq.ft, marking a decline of 33%. However, the value increased significantly to Rs 2,000 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision, reflecting a 49% increase from 2017 to 2023.

It is important to note that the register has no figures for this street for the years 2002, 2003, and 2007. The overall change from 2012 to 2024 shows no net change, as the value returned to Rs 2,000 per sq.ft in 2024.

Guideline values in Molachoor

In Molachoor, there are 112 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 2,000 per sq.ft, with a median value of Rs 600 per sq.ft. The guideline value for Thiruvallur Road (Palkara Street To Arinjar Anna Street) is above this median.

• Thiruvallur Road (Up to Anthaiya Naidu Nagar): Rs 1,800 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 300 per sq.ft (2024)
• Thiruvalluvar Street: Rs 600 per sq.ft (2024)
• Thornas Street: Rs 500 per sq.ft (2024)
• Vadivambal Nagar: Rs 600 per sq.ft (2024)
• Thamarai Nagar: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvallur Road (Palkara Street To Arinjar Anna Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value would be Rs 20,00,000. The stamp duty at 7% would amount to Rs 1,40,000, while the registration fee at 2% would be Rs 40,000, bringing the total fees to Rs 1,80,000. It is important to note that the 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 details.

Which Sub Registrar Office covers Thiruvallur Road (Palkara Street To Arinjar Anna Street)?

The Sub Registrar Office that covers Thiruvallur Road (Palkara Street To Arinjar Anna Street) is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Molachoor. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the costs associated with registration. Buyers should ensure they are informed about the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Thiruvallur Road (Palkara Street To Arinjar Anna Street)?

The current guideline value for Thiruvallur Road (Palkara Street To Arinjar Anna Street) is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023 and 2024. There are no figures for the years 2002, 2003, and 2007.

What is the land classification for Thiruvallur Road (Palkara Street To Arinjar Anna Street)?

This street is classified as Commercial Class I Type - I under the current guidelines.

Where can I find the registration office for this area?

The registration office for Thiruvallur Road (Palkara Street To Arinjar Anna Street) is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

What are the stamp duty and registration fees for property in this area?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 2,000 per sq.ft, the total fees would amount to Rs 1,80,000.