Guideline Value for Thiruvalluvar Street

Thiruvalluvar Street guideline value

The current guideline value of Thiruvalluvar Street in Kilambakkam village is Rs 1,500 per sq.ft, as per the 2023 revision. This street falls under the Gooduvancheri SRO and is classified as Residential Special Type - II.

How the guideline value of Thiruvalluvar Street has changed

Looking at the revisions over the years, the guideline value for Thiruvalluvar Street was Rs 1,000 per sq.ft in 2007. This increased to Rs 1,500 per sq.ft in 2012, marking a 50% increase. However, in 2017, the value dropped to Rs 1,005 per sq.ft, reflecting a decrease of 33%. The most recent revision in 2023 saw the guideline value rise significantly to Rs 1,500 per sq.ft, which is a 49% increase from the 2017 figure.

Overall, from 2007 to 2023, the guideline value has increased by 50%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Kilambakkam

Currently, there are no specific village figures available for Kilambakkam. Thiruvalluvar Street's guideline value stands at Rs 1,500 per sq.ft. Unfortunately, there are no other streets in Kilambakkam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Thiruvalluvar Street

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is essential to remember 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?

The Thiruvalluvar Street falls under the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kilambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street?

The current guideline value of Thiruvalluvar Street is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen several changes: it was Rs 1,000 per sq.ft in 2007, increased to Rs 1,500 in 2012, dropped to Rs 1,005 in 2017, and rose again to Rs 1,500 in 2023.

What is the land classification for Thiruvalluvar Street?

Thiruvalluvar Street is classified as Residential Special Type - II, which indicates its designated use for residential purposes.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties on Thiruvalluvar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 at 7%.