Guideline Value for Thiruvalluvar St ( Ward No.13 )

Thiruvalluvar St ( Ward No.13 ) guideline value

The current guideline value for Thiruvalluvar St ( Ward No.13 ) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Thiruvalluvar St ( Ward No.13 ) has changed

The guideline value for Thiruvalluvar St ( Ward No.13 ) has seen several revisions over the years. The register shows that there are no figures for this street in the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 1,500 per sq.ft, which increased by 7% to Rs 1,600 per sq.ft in the 2024 revision.

This change reflects the current valuation trend in the area. The 2024 revision aligns with the median guideline value for streets in Madhavaram, which is also Rs 1,600 per sq.ft.

Guideline values in Madhavaram

Madhavaram has a total of 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value in this village is Rs 1,600 per sq.ft, which is the same as the current value for Thiruvalluvar St ( Ward No.13 ).

• Thiruvalluvar St ( Ward No.16 ): Rs 1,600 per sq.ft (2024)
• Thiruvalluvar Street (Ward-25): Rs 1,600 per sq.ft (2024)
• Thiruvalluvar St ( Ward No.25 ): Rs 1,600 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,600 per sq.ft (2024)
• Thiruvalluvar St, Lakshmipuram (Ward-25): Rs 1,600 per sq.ft (2024)
• Thiruvalluvar Nagar (Ward-05): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar St ( Ward No.13 )

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thiruvalluvar St ( Ward No.13 )?

The Sub Registrar Office that covers Thiruvalluvar St ( Ward No.13 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Madhavaram. It is used to determine the stamp duty and registration fees that need to be paid when a property transaction occurs.

When buying or selling a property, the guideline value is referenced to ensure that the correct duties are applied. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value for Thiruvalluvar St ( Ward No.13 )?

The current guideline value for Thiruvalluvar St ( Ward No.13 ) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Thiruvalluvar St ( Ward No.13 ) has increased from Rs 1,500 per sq.ft in 2023 to Rs 1,600 per sq.ft in 2024, reflecting a 7% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Madhavaram?

The median guideline value for streets in Madhavaram is Rs 1,600 per sq.ft. This median value is the same as the current guideline value for Thiruvalluvar St ( Ward No.13 ).

What are the stamp duty rates for properties in Madhavaram?

The stamp duty rate for properties in Madhavaram is 7% of the guideline value or sale price, whichever is higher. Additionally, the registration fee is charged at 2% of the guideline value.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles all property registrations for the area.