Guideline Value for Thiruvalluvar Street

Thiruvalluvar Street guideline value

The current guideline value of Thiruvalluvar Street in Gooduvancheri village is Rs 1,200 per sq.ft, effective from 1 July 2024. 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 seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 804 per sq.ft. This value remained unchanged in the 2023 revision, but in 2024, it was revised to Rs 1,200 per sq.ft, marking a significant increase of 49% from 2017 to 2024.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 in the register for this street. The 2023 to 2024 revision shows no change, maintaining the guideline value at Rs 1,200 per sq.ft.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 3,500 per sq.ft, with a median value of Rs 1,500 per sq.ft. Thiruvalluvar Street's 2024 figure is below this median.

• Thiruvalluvar Nagar Ext.: Rs 1,200 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 1,200 per sq.ft (2024)
• Thiru-Vi-Ka Street: Rs 1,200 per sq.ft (2024)
• Thiruppur Kumaran Street: Rs 2,001 per sq.ft (2024)
• Thulakathaman kovil street: Rs 1,500 per sq.ft (2024)
• Thirumalai Nagar Extn: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees to Rs 1,08,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for precise calculations based on your property details.

Which Sub Registrar Office covers Thiruvalluvar Street?

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

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

The guideline value plays a crucial role in property transactions in Gooduvancheri. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. The guideline value ensures that the government receives a fair amount of revenue from property transactions.

When registering a property, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This means that if the sale price exceeds the guideline value, the stamp duty will be calculated on the sale price instead.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street?

The current guideline value of Thiruvalluvar Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2024, representing a 49% increase. There were no recorded values for the years 2002, 2003, 2007, and 2012.

What are the stamp duty and registration fees for a property in Thiruvalluvar Street?

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000. Duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers Thiruvalluvar Street?

The Gooduvancheri Sub Registrar Office covers Thiruvalluvar Street, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.

What is the land classification of Thiruvalluvar Street?

Thiruvalluvar Street is classified as Residential Class I Type - I, indicating its suitability for residential development.