Guideline Value for Thiruvalluvar Street (V.L.Puram)

Thiruvalluvar Street (V.L.Puram) guideline value

The current guideline value of Thiruvalluvar Street (V.L.Puram) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, and the land classification is Residential Special Type - I.

How the guideline value of Thiruvalluvar Street (V.L.Puram) has changed

The guideline value for Thiruvalluvar Street (V.L.Puram) has seen several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2012. However, it dropped to Rs 1,474 per sq.ft in 2017 before rising to Rs 2,200 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 2,400 per sq.ft, marking a 9% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 300%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO, with guideline values ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, which means that Thiruvalluvar Street (V.L.Puram) is above this median with its 2024 figure of Rs 2,400 per sq.ft.

• Thiruvalluvar Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Thiruvalluvar Street (Ram Nagar): Rs 2,400 per sq.ft (2024)
• Thiruvalluvar Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)
• Thiruvalluvar Street (Banu Nagar West): Rs 2,200 per sq.ft (2024)
• Thiruvengadam Pillai Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Thiruvengadam Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Street (V.L.Puram)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total fees to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thiruvalluvar Street (V.L.Puram)?

The Sub Registrar Office that covers Thiruvalluvar Street (V.L.Puram) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street (V.L.Puram)?

The current guideline value of Thiruvalluvar Street (V.L.Puram) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, reflecting an overall increase of 300% over this period.

What is the land classification for Thiruvalluvar Street (V.L.Puram)?

The land classification for Thiruvalluvar Street (V.L.Puram) is Residential Special Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Thiruvalluvar Street (V.L.Puram) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties on this street?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 at a rate of 7%.