Guideline Value for Thiruvalluvar Street

Thiruvalluvar Street guideline value

The current guideline value for Thiruvalluvar Street in Ayyencheri village is Rs 1,195 per sq.ft, as per the 2023 revision. This street falls under the Gooduvancheri SRO and is classified as Residential Class I Type - I.

How the guideline value of Thiruvalluvar Street has changed

The guideline value for Thiruvalluvar Street has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 1,000 per sq.ft. This figure then decreased to Rs 800 per sq.ft in the 2017 revision, marking a decline of 20%. However, the latest revision in 2023 saw a significant increase to Rs 1,195 per sq.ft, representing a rise of 49% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has increased by 20%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Ayyencheri

Currently, there are no specific village figures provided for Ayyencheri. Thiruvalluvar Street's guideline value is Rs 1,195 per sq.ft. There are no other streets in Ayyencheri under the Gooduvancheri SRO listed.

Stamp duty and registration fee for property in Thiruvalluvar Street

For a 1,000 sq.ft plot at the current rate of Rs 1,195 per sq.ft, the guideline value amounts to Rs 11,95,000. The stamp duty is calculated at 7%, totaling Rs 83,650, and the registration fee at 2% amounts to Rs 23,900. Together, the total cost for stamp duty and registration fee is Rs 1,07,550. It is essential to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thiruvalluvar Street?

The Thiruvalluvar Street is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Ayyencheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value as per the government regulations.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street?

The current guideline value of Thiruvalluvar Street is Rs 1,195 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 1,000 per sq.ft to Rs 1,195 per sq.ft in 2023, showing an overall increase of 20%. The value decreased to Rs 800 per sq.ft in 2017 before rising again in 2023.

What is the stamp duty rate for properties in Thiruvalluvar Street?

The stamp duty rate for properties in Thiruvalluvar Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Thiruvalluvar Street located?

The Sub Registrar Office covering Thiruvalluvar Street is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Are there other streets in Ayyencheri with guideline values?

Currently, there are no other streets in Ayyencheri under the Gooduvancheri SRO listed with guideline values.