Guideline Value for Thiruvalluvar Street

Thiruvalluvar Street guideline value

The current guideline value of Thiruvalluvar Street in Pozhichalur village, under the Pammal SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class II Type - I.

How the guideline value of Thiruvalluvar Street has changed

The guideline value for Thiruvalluvar Street has undergone several revisions over the years. The 2017 revision set the guideline value at Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision. The most recent revision in 2024 has raised the value to Rs 1,100 per sq.ft, marking a significant increase of 10% from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The 2024 revision reflects a 49% increase from the 2017 figure, demonstrating a substantial rise in the guideline value over the years.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. The guideline value for Thiruvalluvar Street is below this median.

• Thiruvalluvar Salai: Rs 1,100 per sq.ft (2024)
• Thiru.Vi.Ka. Street: Rs 1,100 per sq.ft (2024)
• Thomas Street: Rs 1,100 per sq.ft (2024)
• Thiru Nagar: Rs 1,650 per sq.ft (2024)
• Thuya Pethuru Street: Rs 1,100 per sq.ft (2024)
• Thirumenieshwarar Koil Street: Rs 1,100 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 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total cost Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pozhichalur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and fairly.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are essential costs associated with the transfer of ownership. Buyers should always check the latest guideline values to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street?

The current guideline value of Thiruvalluvar Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking a total increase of 64% over the years.

What are the other streets with the same guideline value in Pozhichalur?

Other streets in Pozhichalur with a guideline value of Rs 1,100 per sq.ft in 2024 include Thiruvalluvar Salai, Thiru.Vi.Ka. Street, Thuya Pethuru Street, and Thirumenieshwarar Koil Street.

What is the registration fee for properties on Thiruvalluvar Street?

The registration fee for properties on Thiruvalluvar Street is calculated at 2% of the guideline value. For a property valued at Rs 11,00,000, this would amount to Rs 22,000.

Where is the Sub Registrar Office located for Thiruvalluvar Street?

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