Guideline Value for Thiruvalluvar Street (Chelliamman Nagar)

Thiruvalluvar Street (Chelliamman Nagar) guideline value

The current guideline value of Thiruvalluvar Street (Chelliamman Nagar) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in 5. Athipattu village under the Konnur SRO, classified as Residential Class I Type - II.

How the guideline value of Thiruvalluvar Street (Chelliamman Nagar) has changed

The guideline value for Thiruvalluvar Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,340 per sq.ft, which increased to Rs 2,000 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 brought the value to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register does not have figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 7,650 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which is equal to the 2024 figure for Thiruvalluvar Street.

• Thiruvalluvar Street: Rs 3,600 per sq.ft (2024)
• Thulasi Street: Rs 2,200 per sq.ft (2024)
• Thulugathamman Kovil Street: Rs 1,600 per sq.ft (2024)
• Thirupur Kumaran Street: Rs 1,300 per sq.ft (2024)
• Thirupathi Kudai Salai: Rs 1,600 per sq.ft (2024)
• Thirupathi Elumalai Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Street (Chelliamman Nagar)

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. Please note that the 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 Street (Chelliamman Nagar)?

The Sub Registrar Office that covers Thiruvalluvar Street (Chelliamman Nagar) is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, 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 5. Athipattu

The guideline value is a crucial factor during the registration of property transactions in 5. Athipattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value is compared with the sale price, and the duty is charged on the higher of the two. This ensures that the registration process is aligned with the current market conditions and values.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street?

The current guideline value of Thiruvalluvar Street (Chelliamman Nagar) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024, marking a total increase of 64% over the seven-year period.

What is the registration fee for property in Thiruvalluvar Street?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 22,00,000, the registration fee would be Rs 44,000.

Which office handles registrations for Thiruvalluvar Street?

The Konnur Sub Registrar Office handles registrations for Thiruvalluvar Street (Chelliamman Nagar), located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the range of guideline values in 5. Athipattu?

The guideline values in 5. Athipattu range from Rs 1,100 to Rs 7,650 per sq.ft, with the median value being Rs 2,200 per sq.ft.