Guideline Value for Thiruvalluvar Street

Thiruvalluvar Street guideline value

The current guideline value of Thiruvalluvar Street in Selaiyur village is Rs 3,300 per sq.ft, effective from 1 July 2024. This street falls under the Selaiyur Sub Registrar Office (SRO) and is classified as Residential Special Type - V.

How the guideline value of Thiruvalluvar Street has changed

The guideline value for Thiruvalluvar Street has seen several revisions over the years. The earliest recorded revision in 2007 set the value at Rs 600 per sq.ft. This figure increased significantly to Rs 3,000 per sq.ft in 2012, marking a 400% rise. However, it then decreased to Rs 2,010 per sq.ft in 2017, which was a 33% drop. Following this, the value surged to Rs 3,000 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 has raised the guideline value to Rs 3,300 per sq.ft, which is a 10% increase from the previous year.

The register does not have figures for Thiruvalluvar Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,500 per sq.ft as of 2024. The median guideline value in the village is Rs 2,200 per sq.ft, placing Thiruvalluvar Street's current value above this median.

• Thiruvalluvarpuram (Ramakrishna Nagar): Rs 950 per sq.ft (2024)
• Thiruvalluvar Street East: Rs 3,500 per sq.ft (2024)
• Thiruvalluvar Street Ext: Rs 3,500 per sq.ft (2024)
• Thiruvalluvar Nagar Annai Sivagami Street: Rs 2,400 per sq.ft (2024)
• Thiruvalluvar Street West: Rs 3,300 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 2,400 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 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Thiruvalluvar Street?

The Thiruvalluvar Street is covered by 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 details.

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

The guideline value plays a crucial role in property transactions in Selaiyur. It is used to determine the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price, as it can affect the stamp duty and registration fees payable during the transaction.

During the registration process, the guideline value is used to calculate the applicable stamp duty and registration fees. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with the legal requirements and to avoid any potential disputes during the registration of the property.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street?

The current guideline value of Thiruvalluvar Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 600 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, representing a total increase of 450% over the years.

What is the land classification for Thiruvalluvar Street?

Thiruvalluvar Street is classified as Residential Special Type - V.

Where can I find the Selaiyur Sub Registrar Office?

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

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

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a plot valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at 7%.