Guideline Value for Thiruvalluvar Salai

Thiruvalluvar Salai guideline value

The current guideline value of Thiruvalluvar Salai in Pozhichalur village is Rs 1,100 per sq.ft, effective from 1 July 2024. This area falls under the Pammal Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Thiruvalluvar Salai has changed

The guideline value for Thiruvalluvar Salai has seen several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft. In 2023, this value increased to Rs 1,000 per sq.ft, marking a significant rise of 49%. The most recent revision in 2024 has further increased the value to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, placing Thiruvalluvar Salai's 2024 figure below this median.

• Thiruvalluvar Street: Rs 1,100 per sq.ft (2024)
• Thiru.Vi.Ka. Street: Rs 1,100 per sq.ft (2024)
• Thomas Street: Rs 1,100 per sq.ft (2024)
• Thiru Nagar: Rs 1,650 per sq.ft (2024)
• Thirumenieshwarar Koil Street: Rs 1,100 per sq.ft (2024)
• Thuya Pethuru Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Salai?

The Thiruvalluvar Salai area is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Pozhichalur. It is used to determine the stamp duty and registration fees applicable when buying or selling property. The registration office refers to this value to ensure that the correct fees are collected based on the property's value.

When you register a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is transparent and reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Salai?

The current guideline value of Thiruvalluvar Salai is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value increased since 2017?

Since 2017, the guideline value has increased by 64%, from Rs 670 per sq.ft to Rs 1,100 per sq.ft in 2024.

What is the land classification for Thiruvalluvar Salai?

Thiruvalluvar Salai is classified as Residential Class II Type - I according to the guideline value register.

What are the stamp duty rates for property in Thiruvalluvar Salai?

The stamp duty for property transactions in Thiruvalluvar Salai is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.