Guideline Value for Thiruvalluvar Street

Thiruvalluvar Street guideline value

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

How the guideline value of Thiruvalluvar Street has changed

In the 2017 revision, the guideline value was Rs 268 per sq.ft. This remained unchanged at Rs 400 per sq.ft in the 2023 revision and again in the 2024 revision, reflecting a 49% increase from the 2017 figure to both the 2023 and 2024 figures. The register has no figure for this street for the years 2002, 2003, 2007, and 2012.

From 2023 to 2024, there was no change in the guideline value, maintaining the rate at Rs 400 per sq.ft. Overall, from 2017 to 2024, the guideline value increased by 49%.

Guideline values in Irunkattukottai_B

There are 54 streets in Irunkattukottai_B under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 1,200 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 rate, the guideline value is Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling 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_B

The guideline value is a crucial factor when registering property transactions in Irunkattukottai_B. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, both parties must consider the guideline value, as it serves as a benchmark for the transaction. This helps in maintaining transparency and fairness in property dealings.

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 much has the guideline value changed over the years?

The guideline value increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in both the 2023 and 2024 revisions, marking a 49% increase overall.

What is the land classification for Thiruvalluvar Street?

Thiruvalluvar Street falls under the Residential Class III Type - I land classification.

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

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

How is stamp duty calculated for properties in Thiruvalluvar Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property at the current guideline value would incur a stamp duty of Rs 28,000.