Guideline Value for Thiruvalluvar Street

Thiruvalluvar Street guideline value

The current guideline value of Thiruvalluvar Street in Mevaloorkuppam village is Rs 300 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

Over the years, the guideline value of Thiruvalluvar Street has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the subsequent 2017 revision. However, the 2017 revision marked a significant increase of 49% from the previous value of Rs 201 per sq.ft in 2017. The 2023 revision also maintained the value at Rs 300 per sq.ft, and the same value was retained in the 2024 revision, resulting in a 0% change from 2023 to 2024.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 300 per sq.ft.

Guideline values in Mevaloorkuppam

In Mevaloorkuppam, there are 69 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 2,400 per sq.ft. The median value is Rs 400 per sq.ft, placing Thiruvalluvar Street's 2024 figure below that median.

• Vasan Nagar: Rs 400 per sq.ft (2024)
• Sun Tech Co-op City: Rs 900 per sq.ft (2024)
• Subasree Nagar: Rs 300 per sq.ft (2024)
• Venkateswara Nagar: Rs 300 per sq.ft (2024)
• Venkateswara Nagar - II: Rs 300 per sq.ft (2024)
• Vinayagar Koil Street: Rs 300 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 of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that 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 Thiruvalluvar Street falls under the jurisdiction of 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 Mevaloorkuppam

The guideline value plays a crucial role in property transactions in Mevaloorkuppam. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold. This ensures that the government receives the appropriate revenue based on the value of the property being transacted.

When registering a property, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This means that if the sale price exceeds the guideline value, the stamp duty will be calculated on the sale price instead.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft since 2012, with a significant increase of 49% from Rs 201 per sq.ft in 2017. The value has not changed from 2023 to 2024.

What is the land classification of Thiruvalluvar Street?

Thiruvalluvar Street is classified as Residential Class III Type - I under the current guidelines.

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

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

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, if the guideline value is Rs 3,00,000, the stamp duty at 7% would be Rs 21,000.