Guideline Value for Thiruvalluvar Street 3rd Lane

Thiruvalluvar Street 3rd Lane guideline value

The current guideline value of Thiruvalluvar Street 3rd Lane is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village, under the Alandur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Thiruvalluvar Street 3rd Lane has changed

The guideline value for Thiruvalluvar Street 3rd Lane has seen several revisions over the years. The earliest recorded figure is Rs 299 per sq.ft in 2002. This increased to Rs 341 per sq.ft in 2003, marking a change of +14%. By 2007, the value rose significantly to Rs 1,049 per sq.ft, a change of +208%. The 2012 revision saw a value of Rs 3,500 per sq.ft, which was an increase of +234% from the previous figure. However, in 2017, it decreased to Rs 2,345 per sq.ft, reflecting a change of -33%. The value then increased to Rs 3,500 per sq.ft in 2023, followed by the current figure of Rs 3,900 per sq.ft in 2024, which represents an increase of +11% from the previous year.

There are no figures available for the revisions between the years not listed in the register. Overall, the guideline value has increased by +1204% from 2002 to 2024.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value is Rs 3,900 per sq.ft, which is equal to the 2024 figure for Thiruvalluvar Street 3rd Lane.

• Thiruvalluvar Street 2nd Lane: Rs 3,900 per sq.ft (2024)
• Thiruvalluvar Street 4th Lane: Rs 3,900 per sq.ft (2024)
• Thiruvalluvar Street 1st lane: Rs 3,900 per sq.ft (2024)
• Thiruvalluvar Street (Nilamangai Nagar): Rs 3,900 per sq.ft (2024)
• Thiruvalluvar Nagar(near M.K.N ROAD): Rs 3,900 per sq.ft (2024)
• Thiruvalluvar Nagar Ist street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Street 3rd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total fees to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thiruvalluvar Street 3rd Lane?

The Sub Registrar Office that covers Thiruvalluvar Street 3rd Lane is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. For more details, you can find your SRO.

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

The guideline value is an essential factor in property transactions in Adambakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is crucial to be aware of the guideline value, as it can impact the overall costs involved in the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any issues during registration.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street 3rd Lane?

The current guideline value of Thiruvalluvar Street 3rd Lane is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 299 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of +1204% over the years.

What is the land classification for Thiruvalluvar Street 3rd Lane?

The land classification for Thiruvalluvar Street 3rd Lane is Residential Class I Type - III.

Where can I find the Alandur Sub Registrar Office?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for properties in Thiruvalluvar Street 3rd Lane?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 2,73,000.