Guideline Value for Thiruvalluvar Street East

Thiruvalluvar Street East guideline value

The current guideline value of Thiruvalluvar Street East is Rs 3,500 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village under the Selaiyur Sub Registrar Office (SRO) and is classified as Residential Special Type - IV.

How the guideline value of Thiruvalluvar Street East has changed

The guideline value for Thiruvalluvar Street East has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 600 per sq.ft. This increased significantly to Rs 3,300 per sq.ft in the 2012 revision, marking a 450% rise. However, in the 2017 revision, the value decreased to Rs 2,211 per sq.ft, reflecting a 33% drop. The subsequent revisions saw a substantial increase, with the 2023 revision setting the value at Rs 3,300 per sq.ft, followed by the current 2024 revision at Rs 3,500 per sq.ft, which is a 6% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has risen by 483%. 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 Selaiyur

In Selaiyur, there are a total of 478 streets under the Selaiyur SRO, with guideline values for 2024 ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, which means that the guideline value for Thiruvalluvar Street East is above the median.

• Thiruvalluvar Street Ext: Rs 3,500 per sq.ft (2024)
• Thiruvalluvar Street: Rs 3,300 per sq.ft (2024)
• Thiruvalluvar Street West: Rs 3,300 per sq.ft (2024)
• Thiruvalluvarpuram (Ramakrishna Nagar): Rs 950 per sq.ft (2024)
• Thiruvalluvar Nagar Annai Sivagami Street: Rs 2,400 per sq.ft (2024)
• Thiru Ve.Ka Street: Rs 950 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Street East

For a 1,000 sq.ft plot at the current guideline value of Rs 3,500 per sq.ft, the total guideline value would be Rs 35,00,000. The stamp duty at 7% would amount to Rs 2,45,000, and the registration fee at 2% would be Rs 70,000, bringing the total to Rs 3,15,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluvar Street East?

The Sub Registrar Office that covers Thiruvalluvar Street East is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Selaiyur. When buying or selling property, this value is used to determine the stamp duty and registration fees that need to be paid at the time of registration. The guideline value acts as a benchmark for the minimum value at which the property can be registered.

It is essential for buyers and sellers to be aware of the current guideline value as it directly impacts the costs associated with property transactions. Ensuring that the property is registered at or above the guideline value can help avoid legal issues in the future.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street East?

The current guideline value of Thiruvalluvar Street East is Rs 3,500 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 3,500 per sq.ft in 2024, representing an overall increase of 483% over the years.

What is the land classification of Thiruvalluvar Street East?

Thiruvalluvar Street East is classified as Residential Special Type - IV.

What are the stamp duty and registration fees for a property on this street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 2,45,000 and the registration fee would be Rs 70,000, totaling Rs 3,15,000.

Where is the Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.