Guideline Value for Thiruvalluvar Street, 4th Street, Chennai 82

Thiruvalluvar Street, 4th Street, Chennai 82 guideline value

The current guideline value for Thiruvalluvar Street, 4th Street, Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village under the AnnaNagar SRO, classified as Residential Class II Type - I.

How the guideline value of Thiruvalluvar Street, 4th Street, Chennai 82 has changed

The guideline value for Thiruvalluvar Street has seen several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which then dropped to Rs 2,680 per sq.ft in the 2017 revision, marking a decrease of 33%. The 2023 revision increased the value to Rs 4,000 per sq.ft, and the latest 2024 revision further raised it to Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO with a 2024 guideline value ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, which means that Thiruvalluvar Street's 2024 figure is below that median.

• Thiruvalluvar Street / Nagar Chennai 82: Rs 4,400 per sq.ft (2024)
• Thiru-vi-ka Street: Rs 3,300 per sq.ft (2024)
• Thiruvalluar Nagar Solai Amman koil street: Rs 4,900 per sq.ft (2024)
• Thiruvalluar NagarKamaraj street: Rs 4,900 per sq.ft (2024)
• Thiruvalluar NagarAnna Street: Rs 4,900 per sq.ft (2024)
• Thiruvalluar NagarAnna Cross Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Street, 4th Street, Chennai 82

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. 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 detailed calculations.

Which Sub Registrar Office covers Thiruvalluvar Street, 4th Street, Chennai 82?

The Sub Registrar Office that covers Thiruvalluvar Street, 4th Street, Chennai 82 is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is crucial when buying or selling property in Ayanavaram, as it determines the minimum value for registration purposes. This value is used to calculate the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value serves as a benchmark to ensure that the transaction is registered at a fair value, preventing undervaluation. Buyers and sellers must consider this value to avoid any legal complications during the registration process.

Frequently asked questions

What is the current guideline value for Thiruvalluvar Street, 4th Street, Chennai 82?

The current guideline value for Thiruvalluvar Street, 4th Street, Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then back to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the land classification for Thiruvalluvar Street?

Thiruvalluvar Street is classified as Residential Class II Type - I under the AnnaNagar SRO.

Where can I find the registration office for this street?

The registration office for Thiruvalluvar Street, 4th Street, Chennai 82 is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Ayanavaram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.