Guideline Value for Thiruvallur Road

Thiruvallur Road guideline value

The current guideline value of Thiruvallur Road is Rs 200 per sq.ft, effective from 1 July 2024. This road is located in Somangalam_B village, under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Thiruvallur Road has changed

In the 2017 revision, the guideline value was set at Rs 134 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 200 per sq.ft. The latest revision in 2024 maintains the guideline value at Rs 200 per sq.ft, resulting in no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From the 2017 to 2023 period, there was a significant increase of 49%, bringing the value to Rs 200 per sq.ft. Overall, from 2017 to 2024, the guideline value has increased by the same percentage of 49%.

Guideline values in Somangalam_B

In Somangalam_B, there are 79 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 150 to Rs 2,500 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Thiruvallur Road's 2024 figure below this median.

• Thoiba Garden: Rs 250 per sq.ft (2024)
• Thoiba Garden I: Rs 250 per sq.ft (2024)
• Thoiba Garden - II: Rs 250 per sq.ft (2024)
• Thillai Nagar: Rs 200 per sq.ft (2024)
• Thendral Nagar: Rs 500 per sq.ft (2024)
• Thangam Nagar - III Extension: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvallur Road

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that 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 Road?

The Sub Registrar Office that covers Thiruvallur Road is 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 Somangalam_B

The guideline value plays a crucial role during property transactions in Somangalam_B. It is used to determine the stamp duty and registration fees that need to be paid when registering a property.

When buying or selling property, the guideline value ensures that the government collects the appropriate fees based on the property's assessed value. This helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Thiruvallur Road?

The current guideline value of Thiruvallur Road is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 134 per sq.ft to Rs 200 per sq.ft in 2024, marking a 49% increase overall.

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

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which office handles the registration for Thiruvallur Road?

The registration for Thiruvallur Road is handled by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What is the land classification for Thiruvallur Road?

Thiruvallur Road is classified as Residential Class III Type - I according to the current guidelines.