Guideline Value for Thiruvalluvar Street

Thiruvalluvar Street guideline value

The current guideline value of Thiruvalluvar Street in Meenambakkam village is Rs 4,400 per sq.ft, effective from 1 July 2024. This street falls under the Pammal SRO and is classified as Commercial Class I Type - II.

How the guideline value of Thiruvalluvar Street has changed

The guideline value of Thiruvalluvar Street has seen significant changes over the years. In 2002, the guideline value was Rs 275 per sq.ft. This figure increased to Rs 321 per sq.ft in 2003, marking a 17% rise. The value further increased to Rs 935 per sq.ft in 2007, which was a substantial 191% increase. By 2017, the guideline value reached Rs 2,680 per sq.ft, reflecting a remarkable 187% growth from the previous revision. However, there is no figure available for the year 2012 in the register.

From 2017 to 2023, the guideline value rose to Rs 4,000 per sq.ft, a 49% increase. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1500%.

Guideline values in Meenambakkam

In Meenambakkam, there are 17 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 8,800 per sq.ft, with a median value of Rs 3,850 per sq.ft. Thiruvalluvar Street's 2024 guideline value is above this median.

• Thiru-vi-ka Street: Rs 4,400 per sq.ft (2024)
• V.O.C. Street: Rs 4,400 per sq.ft (2024)
• Rajeev Gandhi Street: Rs 1,650 per sq.ft (2024)
• Pandian Street: Rs 3,300 per sq.ft (2024)
• Oowaiyar Street: Rs 3,300 per sq.ft (2024)
• Kumaran Street: Rs 3,850 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 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. Please note that the 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 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 Meenambakkam

The guideline value is a crucial factor when registering property transactions in Meenambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue in the form of stamp duty and registration fees.

When buying or selling property, the guideline value helps establish a fair price for the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration requirements and to avoid any disputes during the process.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street?

The current guideline value of Thiruvalluvar Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 275 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, representing an overall increase of 1500%.

Is there a guideline value for 2012?

No, the register does not have a figure for Thiruvalluvar Street for the year 2012.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for Thiruvalluvar Street?

The Pammal Sub Registrar Office handles registrations for Thiruvalluvar Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.