Guideline Value for Thiruvalluvar Main Road

Thiruvalluvar Main Road guideline value

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

How the guideline value of Thiruvalluvar Main Road has changed

Over the years, the guideline value of Thiruvalluvar Main Road has seen several revisions. Starting from the 2002 revision, the value was Rs 304 per sq.ft. This increased to Rs 347 per sq.ft in 2003, marking a change of +14%. The value continued to rise significantly, reaching Rs 900 per sq.ft in 2007, which was an increase of +159%. Following that, the 2012 revision set the value at Rs 3,500 per sq.ft, reflecting a remarkable increase of +289%. However, the 2017 revision saw a decrease to Rs 2,345 per sq.ft, which was a drop of -33%. The value then increased to Rs 3,500 per sq.ft in 2023, and finally, the current value is Rs 3,900 per sq.ft as of the 2024 revision, marking an increase of +11% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +1183%. The register does not have figures for the years between the revisions listed.

Guideline values in Adambakkam

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

• Thiruvalluvar Main 4th Street: 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 Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to 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 fees to Rs 3,51,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluvar Main Road?

Thiruvalluvar Main Road 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 details.

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

The guideline value plays a crucial role during the registration process of property transactions in Adambakkam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the government receives its due revenue from property transactions.

When buying or selling property, the guideline value is referenced to ascertain the minimum value for which the property can be registered. This helps maintain transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Main Road?

The current guideline value of Thiruvalluvar Main Road 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 undergone several revisions, starting from Rs 304 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting a significant increase over the years.

What is the median guideline value in Adambakkam?

The median guideline value in Adambakkam is Rs 3,900 per sq.ft, which is the same as the current value for Thiruvalluvar Main Road.

What are the stamp duty and registration fees for property in Thiruvalluvar Main Road?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 3,51,000.

Which office handles the registration for Thiruvalluvar Main Road?

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