Guideline Value for Thiruvalluvar 3rd Street

Thiruvalluvar 3rd Street guideline value

The current guideline value of Thiruvalluvar 3rd Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Thiruvalluvar 3rd Street has changed

The guideline value for Thiruvalluvar 3rd Street has seen several revisions over the years. In 2003, the value was Rs 303 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2007, marking a change of +164%. The value remained steady at Rs 2,500 per sq.ft in both 2012 and 2023, showing no change during that period. The most recent revision in 2024 raised the value to Rs 2,750 per sq.ft, reflecting a +10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by +808%. Notably, the register does not provide figures for the years 2002 and 2017 for this street.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value in the village is Rs 3,300 per sq.ft, placing Thiruvalluvar 3rd Street's current value below this median.

• Thiruvalluvar 2nd Street: Rs 2,750 per sq.ft (2024)
• Thiruvalluvar 1st Street: Rs 2,750 per sq.ft (2024)
• Thiruvalluvar High Road: Rs 2,750 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 2,750 per sq.ft (2024)
• Thiruthani Nagar: Rs 3,300 per sq.ft (2024)
• Thirutani Nagar, Yamuna Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. Together, the total cost for these fees would be Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Thiruvalluvar 3rd Street?

The Sub Registrar Office that covers Thiruvalluvar 3rd Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property in the area.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Thiruvalluvar 3rd Street?

The current guideline value of Thiruvalluvar 3rd Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 303 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024, marking an overall increase of +808% over the years.

What is the land classification for Thiruvalluvar 3rd Street?

Thiruvalluvar 3rd Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

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

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office handles registrations for Thiruvalluvar 3rd Street?

The Pallavaram Sub Registrar Office handles registrations for Thiruvalluvar 3rd Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.