Guideline Value for Thiruvalluvar Salai

Thiruvalluvar Salai guideline value

The current guideline value of Thiruvalluvar Salai is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Thiruvalluvar Salai has changed

Over the years, the guideline value for Thiruvalluvar Salai has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 250 per sq.ft. The 2017 revision recorded a lower value of Rs 167 per sq.ft, marking a decrease of 33% from the 2012 figure. From 2017 to 2023, there was a significant increase of 50% back to Rs 250 per sq.ft. The current 2024 revision maintains this value, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 250 per sq.ft.

Guideline values in Kolathur

In Kolathur, there are 45 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 1,300 per sq.ft, with the median value being Rs 250 per sq.ft. Thiruvalluvar Salai's 2024 figure aligns with this median.

• Tambaram Roja Nagar: Rs 300 per sq.ft (2024)
• Sundharam Colony: Rs 150 per sq.ft (2024)
• Sujitha Nagar: Rs 150 per sq.ft (2024)
• VGP Iswarya Nagar: Rs 400 per sq.ft (2024)
• Vinayagar Koil Street: Rs 200 per sq.ft (2024)
• VIP city: Rs 300 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 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluvar Salai?

The Sub Registrar Office that covers Thiruvalluvar Salai is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Kolathur. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are accurately assessed based on the property's value.

When buying or selling property, the guideline value is referenced to determine the official value of the property for tax purposes. This ensures transparency and helps in maintaining a standardized approach across different properties within the same locality.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Salai?

The current guideline value of Thiruvalluvar Salai is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Thiruvalluvar Salai has seen several revisions, with the most recent being Rs 250 per sq.ft in both 2023 and 2024. The value decreased to Rs 167 per sq.ft in 2017 from Rs 250 per sq.ft in 2012, but has since returned to Rs 250 per sq.ft.

What are the guideline values of other streets in Kolathur?

Other streets in Kolathur have varying guideline values, ranging from Rs 100 to Rs 1,300 per sq.ft. For example, Tambaram Roja Nagar is valued at Rs 300 per sq.ft, while Sundharam Colony and Sujitha Nagar are both at Rs 150 per sq.ft.

What fees are applicable when registering property in Thiruvalluvar Salai?

When registering property in Thiruvalluvar Salai, the stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a property valued at Rs 2,50,000, the total fees would amount to Rs 22,500.

Where is the Sub Registrar Office for Thiruvalluvar Salai located?

The Sub Registrar Office for Thiruvalluvar Salai is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.