Guideline Value for Thiruvalluvar Street

Thiruvalluvar Street guideline value

The current guideline value of Thiruvalluvar Street in Irunkattukottai village is Rs 400 per sq.ft, effective from 1 July 2024. This street falls under the Sriperumpudur SRO and is classified as Residential Class III Type - I.

How the guideline value of Thiruvalluvar Street has changed

In 2012, the guideline value for Thiruvalluvar Street was Rs 400 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 268 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 400 per sq.ft in the 2023 revision, reflecting a 49% increase from the 2017 figure.

The 2024 revision has maintained the guideline value at Rs 400 per sq.ft, showing no change from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Irunkattukottai

In Irunkattukottai, there are 56 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 250 to Rs 1,250 per sq.ft. The median value is Rs 400 per sq.ft, which is equal to the guideline value of Thiruvalluvar Street.

• Thiruvalluvar Nagar: Rs 500 per sq.ft (2024)
• Subrabath Nagar: Rs 400 per sq.ft (2024)
• Venga Nagar: Rs 250 per sq.ft (2024)
• Star Avenue: Rs 600 per sq.ft (2024)
• Vinayagar Koil Street: Rs 400 per sq.ft (2024)
• Sri Kamacthi Nagar: Rs 600 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 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total cost Rs 36,000. Duty is charged on the guideline value or the sale price, whichever is higher. 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 Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Irunkattukottai. It is used to determine the stamp duty and registration fees when a property is bought or sold. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When registering a property, the guideline value serves as a benchmark for calculating the applicable taxes. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street?

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

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, and back to Rs 400 per sq.ft in 2023 and 2024.

What is the land classification for Thiruvalluvar Street?

Thiruvalluvar Street is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for Thiruvalluvar Street?

The Sub Registrar Office for Thiruvalluvar Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Irunkattukottai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 at a rate of 7%.