Guideline Value for Thiruvalluvar Street(Ramapuram)

Thiruvalluvar Street(Ramapuram) guideline value

The current guideline value for Thiruvalluvar Street(Ramapuram) is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village and falls under the Ambattur SRO, classified as Residential Class I Type - I.

How the guideline value of Thiruvalluvar Street(Ramapuram) has changed

In the 2012 revision, the guideline value for Thiruvalluvar Street(Ramapuram) was Rs 3,300 per sq.ft. This figure decreased to Rs 2,211 per sq.ft in the 2017 revision, marking a decline of 33%. However, in the 2023 revision, it increased significantly to Rs 3,300 per sq.ft, and further rose to Rs 3,600 per sq.ft in the 2024 revision, reflecting a 9% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%. The changes from the 2017 to 2023 revision show a notable increase of 49%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur village, there are 448 streets under the Ambattur SRO, with guideline values ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value is Rs 3,600 per sq.ft, which is equal to the current figure for Thiruvalluvar Street(Ramapuram).

• Thiruvalluvar Street (15th Ward )(Venkatapuram): Rs 3,600 per sq.ft (2024)
• Thiruvalluvar St. 16th ward(Thiruvalluvar ngr.): Rs 1,400 per sq.ft (2024)
• Thiruvengada muthali Street: Rs 5,100 per sq.ft (2024)
• Thiruvengada Nagar 1st Street: Rs 5,100 per sq.ft (2024)
• Thiruvalluvar Nagar Kamarajar Street: Rs 1,400 per sq.ft (2024)
• Thiruvengada Nagar 2nd Street: Rs 5,100 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value amounts to Rs 36,00,000. The stamp duty at 7% would be Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, making the total cost for these fees Rs 3,24,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thiruvalluvar Street(Ramapuram)?

The Sub Registrar Office that covers Thiruvalluvar Street(Ramapuram) 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 Ambattur

The guideline value plays a crucial role during the registration of property transactions in Ambattur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. These fees are mandatory and are based on the higher of the guideline value or the sale price, which helps in maintaining a standard procedure for property transactions.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street(Ramapuram)?

The current guideline value of Thiruvalluvar Street(Ramapuram) is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 3,300 per sq.ft in 2012 to Rs 2,211 per sq.ft in 2017, and then back to Rs 3,300 in 2023 before reaching Rs 3,600 in 2024.

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

For a property valued at Rs 36,00,000, the stamp duty would be Rs 2,52,000, and the registration fee would be Rs 72,000, totaling Rs 3,24,000.

Which office handles property registrations for Thiruvalluvar Street(Ramapuram)?

The Ambattur Sub Registrar Office handles property registrations for Thiruvalluvar Street(Ramapuram), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053.

What is the land classification for Thiruvalluvar Street(Ramapuram)?

Thiruvalluvar Street(Ramapuram) is classified as Residential Class I Type - I, indicating its designation for residential purposes.