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Guideline Value

Corporate

Guideline Value for Thiruvalluvar Street & Salai

₹8800/sq.ft.

The guideline value for Thiruvalluvar Street & Salai in Mugappair village (Konnur SRO, Chennai zone) is Rs 8800 per sq.ft, effective 1 July 2024. It was Rs 8000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mugappair

Village

Konnur

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹8800 /sq.ft.
From 1-4-2023 ₹8000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5360 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹8000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Thiruvalluvar Street & Salai

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Thiruvalluvar Street & Salai guideline value

The current guideline value of Thiruvalluvar Street & Salai is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Mugappair village and falls under the Konnur SRO, with a land classification of Commercial Class I Type - I.

How the guideline value of Thiruvalluvar Street & Salai has changed

The guideline value for Thiruvalluvar Street & Salai has seen several revisions over the years. The 2012 revision set the value at Rs 8,000 per sq.ft, which was then reduced to Rs 5,360 per sq.ft in the 2017 revision. Following this, the 2023 revision increased it to Rs 8,000 per sq.ft, and the most recent 2024 revision has raised it further to Rs 8,800 per sq.ft.

In terms of percentage changes, the value increased by 49% from 2017 to 2023, and by 10% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mugappair

Mugappair village has a total of 224 streets under the Konnur SRO, with guideline values ranging from Rs 3,300 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 7,100 per sq.ft, placing Thiruvalluvar Street & Salai above this median.

Stamp duty and registration fee for property in Thiruvalluvar Street & Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total 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, bringing the total fees together to Rs 7,92,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Street & Salai?

The Sub Registrar Office that covers Thiruvalluvar Street & Salai is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Mugappair. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property. The guideline value ensures that the property is assessed fairly for taxation purposes.

When a property is registered, the guideline value is used to calculate the applicable fees, which include stamp duty and registration charges. It is essential for buyers and sellers to be aware of the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street & Salai?

The current guideline value of Thiruvalluvar Street & 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 has changed from Rs 8,000 per sq.ft in 2012 to Rs 5,360 per sq.ft in 2017, then increased to Rs 8,000 per sq.ft in 2023, and finally to Rs 8,800 per sq.ft in 2024.

What is the median guideline value in Mugappair?

The median guideline value for the 224 streets in Mugappair is Rs 7,100 per sq.ft, with Thiruvalluvar Street & Salai being above this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 88,00,000, the stamp duty would be Rs 6,16,000, and the registration fee would be Rs 1,76,000, totaling Rs 7,92,000.

Which office handles registrations for Thiruvalluvar Street & Salai?

The Konnur Sub Registrar Office handles registrations for Thiruvalluvar Street & Salai, located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.