Guideline Value for Thiruvalluvar Street

Thiruvalluvar Street guideline value

The current guideline value of Thiruvalluvar Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village under the Selaiyur SRO, classified as Residential Special Type - II.

How the guideline value of Thiruvalluvar Street has changed

Thiruvalluvar Street has seen several revisions in its guideline value over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which remained unchanged in the 2017 revision, where it dropped to Rs 1,474 per sq.ft. In 2023, the value increased to Rs 2,200 per sq.ft, followed by a rise to Rs 2,400 per sq.ft in the 2024 revision, reflecting a 9% increase from the previous year.

From the 2017 revision to 2023, the guideline value increased by 49%. Overall, comparing the 2012 revision to the 2024 revision, there has been a 9% increase. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 5,000 per sq.ft. The median guideline value in this area is Rs 2,150 per sq.ft, making Thiruvalluvar Street's 2024 figure above that median.

• Thirumagal Nagar Main Road: Rs 2,150 per sq.ft (2024)
• Thirumagal Nagar: Rs 2,150 per sq.ft (2024)
• Usha Avenue: Rs 880 per sq.ft (2024)
• U.V. Saminathan 1st Street: Rs 1,900 per sq.ft (2024)
• U.V. Saminathan 2nd Street: Rs 1,900 per sq.ft (2024)
• Vakboard Colony: Rs 880 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 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total charges to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Thiruvalluvar Street?

The Sub Registrar Office covering Thiruvalluvar Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Rajakilpakkam

The guideline value is a crucial factor when buying or selling property in Rajakilpakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the transaction is recorded accurately and reflects the appropriate charges based on the established guideline value.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street?

The current guideline value of Thiruvalluvar Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then back to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What is the land classification of Thiruvalluvar Street?

Thiruvalluvar Street is classified as Residential Special Type - II.

What are the stamp duty charges for property in Thiruvalluvar Street?

The stamp duty for property in Thiruvalluvar Street is calculated at 7% of the guideline value, which can be verified using the stamp duty and registration fee calculator.

Which office handles the registration for Thiruvalluvar Street?

The Selaiyur Sub Registrar Office handles the registration for Thiruvalluvar Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.