Guideline Value for Thiruvalluvar Street

Thiruvalluvar Street guideline value

The current guideline value of Thiruvalluvar Street in Kerugambakkam village is Rs 1,650 per sq.ft, effective from 1 July 2024. This street falls under the Pammal SRO and is classified as Residential Class III Type - II.

How the guideline value of Thiruvalluvar Street has changed

The guideline value for Thiruvalluvar Street has seen significant changes over the years. In the 2017 revision, the value was Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 set the value at Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. Thiruvalluvar Street's 2024 figure is below this median.

• Thiruvedhiamman Koil Street: Rs 1,980 per sq.ft (2024)
• Thirupurkumaran Street: Rs 1,980 per sq.ft (2024)
• Thiru.Vi.Ka Street: Rs 1,980 per sq.ft (2024)
• Surrya Enclave: Rs 1,760 per sq.ft (2024)
• Vasantha Venkatesan Street: Rs 4,185 per sq.ft (2024)
• Venkateswara Nagar: Rs 3,300 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 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thiruvalluvar Street?

The Sub Registrar Office that covers Thiruvalluvar Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kerugambakkam. It serves as a reference for determining the stamp duty and registration fees that need to be paid, ensuring that both buyers and sellers are aware of the applicable costs.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two is used to calculate the stamp duty, ensuring that the registration process is compliant with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street?

The current guideline value of Thiruvalluvar Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,005 per sq.ft in 2017 to Rs 1,650 per sq.ft in 2024, which is an overall increase of 64% over these years.

What is the land classification for Thiruvalluvar Street?

Thiruvalluvar Street is classified as Residential Class III Type - II according to the guideline value register.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties on Thiruvalluvar Street?

Stamp duty is calculated on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 16,50,000, the stamp duty would be Rs 1,15,500 at 7%.