Guideline Value for Thiruvalluvar Pettai

Thiruvalluvar Pettai guideline value

The current guideline value of Thiruvalluvar Pettai is Rs 1,760 per sq.ft, effective from 1 July 2024. This area is located in Anakaputhur village under the Pammal SRO, classified as Residential Class II Type - I.

How the guideline value of Thiruvalluvar Pettai has changed

The guideline value for Thiruvalluvar Pettai has seen significant changes over the years. In the 2017 revision, the value was Rs 1,072 per sq.ft. This figure increased to Rs 1,600 per sq.ft in the 2023 revision, marking a 49% rise. The current value of Rs 1,760 per sq.ft from the 2024 revision represents a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has risen by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Anakaputhur

Anakaputhur village has a total of 501 streets under the Pammal SRO with guideline values for 2024 ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, placing Thiruvalluvar Pettai's 2024 figure below this median.

• Thiruvalluvar Ist Cross Street: Rs 1,320 per sq.ft (2024)
• Thiruvalluvar IInd Cross Street: Rs 1,320 per sq.ft (2024)
• Thiruvalluvar IIIrd Cross Street: Rs 1,320 per sq.ft (2024)
• Thiruvallur Street: Rs 1,760 per sq.ft (2024)
• Thiruvalluar Pettai Extn.,: Rs 1,760 per sq.ft (2024)
• Thiruvalluar Pettai 2nd Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Pettai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, making the total cost for these fees Rs 1,58,400. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher.

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

Which Sub Registrar Office covers Thiruvalluvar Pettai?

The Sub Registrar Office that covers Thiruvalluvar Pettai is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the higher value between the guideline value and the sale price is used to calculate the applicable duties and fees. 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 Pettai?

The current guideline value of Thiruvalluvar Pettai is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,072 per sq.ft in 2017 to Rs 1,760 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

What are the other streets in Anakaputhur and their guideline values?

Other streets in Anakaputhur include Thiruvalluvar Ist Cross Street, Thiruvalluvar IInd Cross Street, and Thiruvalluvar IIIrd Cross Street, all valued at Rs 1,320 per sq.ft in 2024. Additionally, Thiruvallur Street, Thiruvalluar Pettai Extn., and Thiruvalluar Pettai 2nd Street are valued at Rs 1,760 per sq.ft.

What fees are associated with buying property in Thiruvalluvar Pettai?

When buying property in Thiruvalluvar Pettai, you will need to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Thiruvalluvar Pettai?

The Sub Registrar Office for Thiruvalluvar Pettai is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more details by visiting the relevant link.