Guideline Value for Thiruvalluvar High Road

Thiruvalluvar High Road guideline value

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

How the guideline value of Thiruvalluvar High Road has changed

The guideline value has seen several revisions over the years. In 2003, the value was Rs 441 per sq.ft, which increased to Rs 600 per sq.ft in 2007. The following revision in 2012 saw a significant increase to Rs 2,500 per sq.ft, but this was followed by a decrease to Rs 1,675 per sq.ft in 2017. The value then rose to Rs 2,500 per sq.ft in 2023, before reaching the current value of Rs 2,750 per sq.ft in 2024.

From 2017 to 2023, there was a notable increase of 49%. The revision from 2012 to 2017 saw a decrease of 33%. The jump from 2007 to 2012 was substantial, at 317%. Between 2003 and 2007, the increase was 36%. Overall, from 2003 to 2024, the guideline value has risen by 524%. The register has no figure for the year 2002 for this street.

Guideline values in Zaminpallavaram

Zaminpallavaram 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 value for these streets is Rs 3,300 per sq.ft, placing Thiruvalluvar High Road's 2024 figure below that median.

• Thiruvalluvar 3rd Street: Rs 2,750 per sq.ft (2024)
• Thiruvalluvar 2nd Street: Rs 2,750 per sq.ft (2024)
• Thiruvalluvar 1st Street: 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 High Road

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, and the registration fee at 2% would be Rs 55,000, making the total cost for these fees Rs 2,47,500. 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 Thiruvalluvar High Road?

The Thiruvalluvar High Road is covered by 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 information.

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

The guideline value is a crucial factor in the registration process for property transactions in Zaminpallavaram. It determines the minimum value at which a property can be registered, ensuring that the government collects the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for both parties. It helps in assessing the fair value of the property and ensures compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Thiruvalluvar High Road?

The current guideline value of Thiruvalluvar High Road 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 441 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024, with various revisions in between showing both increases and decreases.

Where can I find the Sub Registrar Office for Thiruvalluvar High Road?

The Sub Registrar Office covering Thiruvalluvar High Road is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value or sale price.

What is the land classification for Thiruvalluvar High Road?

Thiruvalluvar High Road is classified as Residential Class II Type - I, indicating its suitability for residential development.