Guideline Value for Thiruvalluvar Street

Thiruvalluvar Street guideline value

The current guideline value of Thiruvalluvar Street in Mannivakkam village is Rs 1,320 per sq.ft, effective from 1 July 2024. This street falls under the Gooduvancheri SRO and is classified as Residential Special Type - III.

How the guideline value of Thiruvalluvar Street has changed

Over the years, the guideline value of Thiruvalluvar Street has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 804 per sq.ft. The value remained at Rs 1,200 per sq.ft until the 2023 revision, which increased it to Rs 1,200 per sq.ft. The latest revision in 2024 raised the value to Rs 1,320 per sq.ft, marking a 10% increase from the previous year.

In summary, the guideline value has changed significantly from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007 for Thiruvalluvar Street.

Guideline values in Mannivakkam

In Mannivakkam, there are 118 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 330 to Rs 4,300 per sq.ft. The median value for these streets is Rs 1,215 per sq.ft, positioning Thiruvalluvar Street's 2024 figure above that median.

• Thiruvengadam Nagar: Rs 990 per sq.ft (2024)
• T.S.R Avenue: Rs 1,320 per sq.ft (2024)
• TVH TITANIUM CITY 168,169/1part,184/2A2,2A3,2A4,184/13: Rs 3,300 per sq.ft (2024)
• Tvh Titanium City-Phase -II: Rs 4,110 per sq.ft (2024)
• Tvh Titanium Cty: Rs 2,640 per sq.ft (2024)
• ThiruMalai Nagar: Rs 990 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 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

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 Mannivakkam

The guideline value is a crucial factor during the registration of property transactions in Mannivakkam. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when acquiring property.

When selling property, the guideline value helps ensure that the sale price is aligned with the official valuation, which can affect the overall transaction process. It is essential for both buyers and sellers to understand this value to navigate the registration process effectively.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street?

The current guideline value of Thiruvalluvar Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, with several revisions in between.

What are the stamp duty rates for properties in Thiruvalluvar Street?

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

Which office handles property registrations for Thiruvalluvar Street?

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

What is the median guideline value in Mannivakkam?

The median guideline value in Mannivakkam is Rs 1,215 per sq.ft, with Thiruvalluvar Street's 2024 figure being above this median.