Guideline Value for Thiruvalluvar Main Street

Thiruvalluvar Main Street guideline value

The current guideline value of Thiruvalluvar Main Street in Puzhal village is Rs 1,650 per sq.ft, effective from 1 July 2024. This street falls under the Redhills SRO and is classified as Residential Class I Type - I.

How the guideline value of Thiruvalluvar Main Street has changed

The guideline value of Thiruvalluvar Main Street has seen several revisions over the years. The earliest recorded figure in the register is from 2002, where the value was Rs 1,194 per sq.ft. This value decreased to Rs 120 per sq.ft in 2003, followed by a significant increase to Rs 400 per sq.ft in 2007. The value further rose to Rs 1,500 per sq.ft in 2012, but then dropped to Rs 1,005 per sq.ft in 2017. The latest revisions show an increase to Rs 1,500 per sq.ft in 2023 and a further rise to Rs 1,650 per sq.ft in 2024.

Changes between revisions include a decrease of 90% from 2002 to 2003, an increase of 233% from 2003 to 2007, a rise of 275% from 2007 to 2012, a decrease of 33% from 2012 to 2017, and an increase of 49% from 2017 to 2023. The overall change from 2002 to 2024 reflects an increase of 38%.

Guideline values in Puzhal

Puzhal village has a total of 270 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 1,102 per sq.ft, making Thiruvalluvar Main Street's current figure of Rs 1,650 per sq.ft above this median.

• Thiruvalluvar First Street: Rs 1,650 per sq.ft (2024)
• Thiruvalluvar Cross Street: Rs 1,650 per sq.ft (2024)
• Thiruvalluvar 2nd Street: Rs 1,650 per sq.ft (2024)
• Thirupur Kumaran First Street: Rs 1,100 per sq.ft (2024)
• Thirupur Kumaran 2nd Street: Rs 1,100 per sq.ft (2024)
• Thiruppur Kumaran Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Main Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Thiruvalluvar Main Street?

The Sub Registrar Office covering Thiruvalluvar Main Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Puzhal. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official value assigned to a property.

When you buy or sell property, the guideline value helps in determining the legal obligations related to registration fees and taxes. It is essential to consult the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Main Street?

The current guideline value of Thiruvalluvar Main Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 1,194 per sq.ft in 2002 to Rs 1,650 per sq.ft in 2024, with various increases and decreases throughout the years.

What is the median guideline value in Puzhal?

The median guideline value in Puzhal is Rs 1,102 per sq.ft, with Thiruvalluvar Main Street's value being above this median.

What are the stamp duty and registration fees for properties in Thiruvalluvar Main Street?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Where is the Sub Registrar Office located for Thiruvalluvar Main Street?

The Sub Registrar Office for Thiruvalluvar Main Street is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.