Guideline Value for Thiruvalluvar Salai

Thiruvalluvar Salai guideline value

The current guideline value of Thiruvalluvar Salai is Rs 8,800 per sq.ft. This street is located in Mylapore Part 2 village and falls under the Chennai Central Joint I SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Thiruvalluvar Salai has changed

The guideline value for Thiruvalluvar Salai has undergone several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 8,000 per sq.ft, which increased by 10% to Rs 8,800 per sq.ft in the 2024 revision.

This increase reflects a change from Rs 8,000 in 2023 to Rs 8,800 in 2024. The current figure aligns with the median guideline value for the 332 streets in Mylapore Part 2 under the Chennai Central Joint I SRO, which is also Rs 8,800 per sq.ft.

Guideline values in Mylapore Part 2

In Mylapore Part 2, the guideline values for various streets range from Rs 4,400 to Rs 25,300 per sq.ft, with the median being Rs 8,800 per sq.ft. Thiruvalluvar Salai's guideline value for 2024 matches this median.

• Thiruveethian Street: Rs 8,700 per sq.ft (2024)
• Thiruvalluvar Lane: Rs 8,700 per sq.ft (2024)
• Thomaiyappan Street: Rs 8,700 per sq.ft (2024)
• T.T.K.Lane: Rs 14,300 per sq.ft (2024)
• TTK Road 1st Cross Street: Rs 14,300 per sq.ft (2024)
• TTK Road 1st Street: Rs 14,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Salai

For a 1,000 sq.ft plot at the current rate of Rs 8,800 per sq.ft, the guideline value amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, totaling Rs 7,92,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thiruvalluvar Salai?

The Sub Registrar Office that covers Thiruvalluvar Salai is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mylapore Part 2

The guideline value is a crucial factor in property transactions in Mylapore Part 2. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable at the time of the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the official assessment of the property's worth, which helps in maintaining transparency in real estate dealings.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Salai?

The current guideline value of Thiruvalluvar Salai is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Thiruvalluvar Salai was Rs 8,000 per sq.ft in 2023 and increased to Rs 8,800 per sq.ft in 2024, marking a 10% increase.

What is the land classification for Thiruvalluvar Salai?

Thiruvalluvar Salai is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

Where can I find the registration office for Thiruvalluvar Salai?

The registration office for Thiruvalluvar Salai is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is stamp duty calculated for properties in Thiruvalluvar Salai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 88,00,000 would incur a stamp duty of Rs 6,16,000 at 7%.