Guideline Value for Thiruvalluvar Main 4th Street

Thiruvalluvar Main 4th Street guideline value

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

How the guideline value of Thiruvalluvar Main 4th Street has changed

The guideline value for Thiruvalluvar Main 4th Street has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 214 per sq.ft. This increased significantly in the 2007 revision to Rs 900 per sq.ft, marking a change of +321%. The 2012 revision saw a drop to Rs 3,500 per sq.ft, a decrease of -33%. In 2017, the value rose again to Rs 2,345 per sq.ft, followed by a substantial increase to Rs 3,500 per sq.ft in 2023, which was a +49% change. The most recent revision in 2024 set the guideline value at Rs 3,900 per sq.ft, reflecting an increase of +11% from the previous year.

It is important to note that the register has no figure for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by +1722%.

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 the same as the guideline value for Thiruvalluvar Main 4th Street.

• 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)
• Thiruvalluvar 4th Street: Rs 3,900 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would be 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 duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Main 4th Street?

The Sub Registrar Office that covers Thiruvalluvar Main 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 when buying or selling property in Adambakkam. It serves as a benchmark for determining the minimum value of the property for registration purposes. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Thiruvalluvar Main 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 changed significantly from Rs 214 per sq.ft in 2003 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of +1722% over this period.

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

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Which Sub Registrar Office covers Thiruvalluvar Main 4th Street?

The Alandur Sub Registrar Office covers Thiruvalluvar Main 4th Street and is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the guideline value determined for properties in Adambakkam?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and previous revisions, ensuring a standardized valuation for properties in the area.