Guideline Value for Thiruvalluvar Main Road 1st Street

Thiruvalluvar Main Road 1st Street guideline value

The current guideline value of Thiruvalluvar Main Road 1st 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 is classified as Residential Class I Type - III.

How the guideline value of Thiruvalluvar Main Road 1st Street has changed

The guideline value for Thiruvalluvar Main Road 1st Street has seen several revisions over the years. In 2002, the guideline value was Rs 304 per sq.ft, which increased to Rs 347 per sq.ft in 2003, marking a change of +14%. The value then rose significantly to Rs 900 per sq.ft in 2007, reflecting a +159% increase. In 2012, the value remained at Rs 3,500 per sq.ft, which was a decrease of -33% from the previous revision. The next revision in 2017 saw the value increase to Rs 2,345 per sq.ft, representing a +49% change. The value further increased to Rs 3,500 per sq.ft in 2023, and finally, it reached Rs 3,900 per sq.ft in the 2024 revision, with an increase of +11% from the previous year.

There are no figures available for the revisions in the years between 2002 and 2007, and the register has no figure for this street in those years. Overall, from 2002 to 2024, the guideline value has increased by +1183%.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that have a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, which is the same as the guideline value for Thiruvalluvar Main Road 1st Street.

• Thiruvalluvar Main Road: Rs 3,900 per sq.ft (2024)
• Thiruvalluvar Main Road 2nd Street: Rs 3,900 per sq.ft (2024)
• Thiruvalluvar Main 4th 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 Road 1st 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 amount to Rs 2,73,000, while the registration fee at 2% would be Rs 78,000. Together, the total cost for stamp duty and registration fees would be Rs 3,51,000. Duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Main Road 1st Street?

The Thiruvalluvar Main Road 1st Street is covered by 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 an important factor when registering property in Adambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the registration process. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Main Road 1st Street?

The current guideline value of Thiruvalluvar Main Road 1st 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 304 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of +1183%.

What are the stamp duty and registration fees for property 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 office handles the registration of properties in Thiruvalluvar Main Road 1st Street?

The Alandur Sub Registrar Office handles the registration of properties in Thiruvalluvar Main Road 1st Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Thiruvalluvar Main Road 1st Street?

The land classification for Thiruvalluvar Main Road 1st Street is Residential Class I Type - III.