Guideline Value for Thiruvalluvar Street Ext

Thiruvalluvar Street Ext guideline value

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

How the guideline value of Thiruvalluvar Street Ext has changed

The guideline value for Thiruvalluvar Street Ext has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 3,300 per sq.ft. This figure decreased to Rs 2,211 per sq.ft in the 2017 revision. However, there was a significant increase in the 2023 revision, raising the value to Rs 3,300 per sq.ft, and further increasing to Rs 3,500 per sq.ft in the 2024 revision, marking a 6% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 6%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for Thiruvalluvar Street Ext.

Guideline values in Selaiyur

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

• Thiruvalluvar Street East: 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)
• Thiru Ve.Ka Street: Rs 950 per sq.ft (2024)
• Thiruvalluvar Nagar Annai Sivagami Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Street Ext

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

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluvar Street Ext?

The Sub Registrar Office covering Thiruvalluvar Street Ext 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 during the registration of property transactions in Selaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the financial implications of the transaction. Buyers and sellers need to be aware of the current guideline value to understand their financial obligations accurately.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street Ext?

The current guideline value of Thiruvalluvar Street Ext 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 3,300 per sq.ft in 2023 to Rs 3,500 per sq.ft in 2024, representing a 6% increase. It was Rs 2,211 per sq.ft in 2017 and Rs 3,300 per sq.ft in 2012.

What is the land classification of Thiruvalluvar Street Ext?

Thiruvalluvar Street Ext is classified as Residential Special Type - IV, indicating its designated use for residential purposes.

Where can I find the Selaiyur Sub Registrar Office?

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

How is the stamp duty calculated for properties in Thiruvalluvar Street Ext?

The 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 guideline value of Rs 3,500 per sq.ft, the stamp duty would be Rs 2,45,000.