Guideline Value for Thiruvalluvar Street Extn (Ayyan)

Thiruvalluvar Street Extn (Ayyan) guideline value

The current guideline value for Thiruvalluvar Street Extn (Ayyan) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village, under the Velacheri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Thiruvalluvar Street Extn (Ayyan) has changed

Over the years, the guideline value of Thiruvalluvar Street Extn (Ayyan) has seen significant changes. The 2017 revision set the value at Rs 1,340 per sq.ft, which increased to Rs 2,000 per sq.ft in the 2023 revision, marking a 49% increase. The most recent 2024 revision has further raised the value to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

In total, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for this street for the years 2002, 2003, 2007, and 2012.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO that have a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft, with a median value of Rs 2,750 per sq.ft. Thiruvalluvar Street Extn (Ayyan) is below this median, with its current value of Rs 2,200 per sq.ft.

• Thiruvalluvar Street (Ayyan): Rs 2,200 per sq.ft (2024)
• Thiruvalluvar salai: Rs 1,650 per sq.ft (2024)
• Tholkappiar Avenue: Rs 1,650 per sq.ft (2024)
• Thirupukazh Street: Rs 3,850 per sq.ft (2024)
• Thirumurugan Street, Sakthi Nagar Extension: Rs 2,200 per sq.ft (2024)
• Thirumurugan Nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Street Extn (Ayyan)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total 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. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Thiruvalluvar Street Extn (Ayyan)?

The Sub Registrar Office that covers Thiruvalluvar Street Extn (Ayyan) is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a crucial factor in property transactions in Madipakkam-1, as it determines the minimum value at which property can be registered. This value is used to calculate the stamp duty and registration fees payable during the sale or purchase of property.

When buying or selling property, the guideline value ensures transparency and helps in assessing the financial implications of the transaction. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value for Thiruvalluvar Street Extn (Ayyan)?

The current guideline value for Thiruvalluvar Street Extn (Ayyan) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

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

What is the stamp duty rate applicable in Thiruvalluvar Street Extn (Ayyan)?

The stamp duty rate applicable for property transactions in Thiruvalluvar Street Extn (Ayyan) is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Thiruvalluvar Street Extn (Ayyan) located?

The Sub Registrar Office for Thiruvalluvar Street Extn (Ayyan) is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What are the guideline values of other streets in Madipakkam-1?

Other streets in Madipakkam-1 have varying guideline values, ranging from Rs 1,650 to Rs 5,500 per sq.ft, with the median being Rs 2,750 per sq.ft.