Guideline Value for Thiruvalluvar 4th Street

Thiruvalluvar 4th Street guideline value

The current guideline value of Thiruvalluvar 4th Street in Adambakkam village is Rs 3,900 per sq.ft, effective from 1 July 2024. This street falls under the Alandur SRO and is classified as Residential Class I Type - III.

How the guideline value of Thiruvalluvar 4th Street has changed

The guideline value for Thiruvalluvar 4th Street has seen several revisions over the years. Starting from the earliest recorded figure, in 2002, the value was Rs 299 per sq.ft. This increased to Rs 341 per sq.ft in 2003, marking a 14% rise. The value then rose significantly to Rs 900 per sq.ft in 2007, an increase of 164%. In 2012, the guideline value was recorded again at Rs 3,500 per sq.ft, reflecting a substantial 289% increase from the previous revision. However, this figure decreased to Rs 2,345 per sq.ft in 2017, showing a decline of 33%.

In the subsequent years, the value increased again, reaching Rs 3,500 per sq.ft in 2023, which was a 49% rise from 2017. The most recent revision in 2024 set the guideline value at Rs 3,900 per sq.ft, representing an 11% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1204%.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value is Rs 3,900 per sq.ft, which is equal to the current guideline value of Thiruvalluvar 4th Street.

• Thiruvalluvar Main 4th Street: Rs 3,900 per sq.ft (2024)
• Thiruvalluvar Main Road: Rs 3,900 per sq.ft (2024)
• Thiruvalluvar Main Road 1st Street: Rs 3,900 per sq.ft (2024)
• Thiruvalluvar Main Road 2nd Street: Rs 3,900 per sq.ft (2024)
• Thiruvalluvar Main Road 3rd Street: Rs 3,900 per sq.ft (2024)
• Thiruvalluvar Main Road 5th St Main: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar 4th Street

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Thiruvalluvar 4th Street?

The Sub Registrar Office that covers Thiruvalluvar 4th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Adambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is used to assess the applicable duties, ensuring that the transaction is recorded accurately. This helps maintain transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Thiruvalluvar 4th Street?

The current guideline value of Thiruvalluvar 4th Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 299 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting a significant overall increase of 1204%.

What is the land classification for Thiruvalluvar 4th Street?

Thiruvalluvar 4th Street is classified as Residential Class I Type - III.

Where can I find the registration office for Thiruvalluvar 4th Street?

The registration office is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in Thiruvalluvar 4th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current rate has a total guideline value of Rs 39,00,000, leading to a stamp duty of Rs 2,73,000.