Guideline Value for Thiruvalluvar Road

Thiruvalluvar Road guideline value

The current guideline value of Thiruvalluvar Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This road is located in Tharamani village under the Adayar SRO, classified as Residential Class I Type - I.

How the guideline value of Thiruvalluvar Road has changed

The guideline value for Thiruvalluvar Road has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which was followed by a decrease to Rs 2,010 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 3,000 per sq.ft, marking a 49% rise. The latest revision in 2024 raised the value to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Tharamani

In Tharamani, there are 78 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 8,800 per sq.ft. The median value for these streets is Rs 2,800 per sq.ft, placing Thiruvalluvar Road's 2024 figure above the median.

• Thiru.Vi.Ka. Street: Rs 2,800 per sq.ft (2024)
• T.K. Kabali Street: Rs 2,800 per sq.ft (2024)
• Thanthai Periyar Nagar Veerapandi St.,: Rs 2,200 per sq.ft (2024)
• Thanthai Periyar Nagar Rani Ammal Street: Rs 2,200 per sq.ft (2024)
• Thanthai Periyar Nagar Ramasamy Street: Rs 2,200 per sq.ft (2024)
• Thanthai Periyar Nagar Pattukottai Alagagiri St.,: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, the total fees would be Rs 2,97,000. It is important to note that the 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 precise calculations.

Which Sub Registrar Office covers Thiruvalluvar Road?

The Adayar Sub Registrar Office covers Thiruvalluvar Road. The office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. To find your SRO, visit find your SRO.

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

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

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Road?

The current guideline value of Thiruvalluvar Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024. It was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012.

What are the stamp duty and registration fees for a property on Thiruvalluvar Road?

For a 1,000 sq.ft plot, the total guideline value is Rs 33,00,000. The stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office handles registrations for Thiruvalluvar Road?

The Adayar Sub Registrar Office handles registrations for Thiruvalluvar Road, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the land classification for Thiruvalluvar Road?

Thiruvalluvar Road is classified as Residential Class I Type - I under the guideline value register.