Guideline Value for Thiruvallur Road (Up to Anthaiya Naidu Nagar )

Thiruvallur Road (Up to Anthaiya Naidu Nagar ) guideline value

The current guideline value for Thiruvallur Road (Up to Anthaiya Naidu Nagar) is Rs 1,800 per sq.ft, effective from 1 July 2024. This street is located in Molachoor village and falls under the Sunguvarchattram SRO, classified as Commercial Class I Type - II.

How the guideline value of Thiruvallur Road (Up to Anthaiya Naidu Nagar ) has changed

The guideline value for Thiruvallur Road has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which remained unchanged in the 2023 revision. The 2017 revision marked a significant increase, raising the value to Rs 1,206 per sq.ft, reflecting a 49% increase from the previous figure. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33% in the guideline value, but from 2017 to 2023, the value increased by 49%. Overall, comparing the 2012 and 2024 revisions, the guideline value has remained the same at Rs 1,800 per sq.ft.

Guideline values in Molachoor

In Molachoor, there are 112 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft. The median value for these streets is Rs 600 per sq.ft, placing Thiruvallur Road's 2024 figure above this median.

• Thiruvallur Road (Palkara Street To Arinjar Anna Street): Rs 2,000 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 (Up to Anthaiya Naidu Nagar )

For a 1,000 sq.ft plot at the current rate of Rs 1,800 per sq.ft, the guideline value would be Rs 18,00,000. The stamp duty at 7% would amount to Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, totaling Rs 1,62,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvallur Road (Up to Anthaiya Naidu Nagar )?

The Sub Registrar Office covering Thiruvallur Road (Up to Anthaiya Naidu Nagar) 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 details.

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

The guideline value is a crucial factor in property transactions in Molachoor, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved.

During the registration process, the guideline value serves as a benchmark for the transaction. If the sale price is higher than the guideline value, the duty is charged on the sale price, ensuring compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value for Thiruvallur Road (Up to Anthaiya Naidu Nagar)?

The current guideline value for Thiruvallur Road (Up to Anthaiya Naidu Nagar) is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023 and 2024, with a 49% increase from 2017 to 2023.

What is the land classification for Thiruvallur Road?

Thiruvallur Road is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.

What are the stamp duty and registration fees based on the guideline value?

For a property valued at Rs 18,00,000, the stamp duty would be Rs 1,26,000 and the registration fee would be Rs 36,000, totaling Rs 1,62,000.

Where is the Sub Registrar Office located for Thiruvallur Road?

The Sunguvarchattram Sub Registrar Office is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone.