Guideline Value for Thiruvalluvar Street

Thiruvalluvar Street guideline value

The current guideline value of Thiruvalluvar Street in Mevaloorkuppam B 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

In the 2017 revision, the guideline value for Thiruvalluvar Street was Rs 201 per sq.ft. This figure remained unchanged at Rs 300 per sq.ft in the 2023 revision and continues to be Rs 300 per sq.ft in the 2024 revision, indicating a 49% increase from 2017 to 2023 and an overall increase of 49% from 2017 to 2024. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2023 to 2024, there was no change in the guideline value, remaining at Rs 300 per sq.ft. The significant increase from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in both 2023 and 2024 reflects the changes over the years.

Guideline values in Mevaloorkuppam B

In Mevaloorkuppam B, there are 84 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 6,200 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value of Thiruvalluvar Street is below this median.

• Urban Edge Phase-II: Rs 2,200 per sq.ft (2024)
• Urban Edge Phase - III: Rs 2,200 per sq.ft (2024)
• Vasan Nagar: Rs 400 per sq.ft (2024)
• Sun Tech Co-op City: Rs 1,320 per sq.ft (2024)
• Subasree Nagar: Rs 300 per sq.ft (2024)
• Venkateswara Nagar: Rs 1,320 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 would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. 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 covering 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 Mevaloorkuppam B

The guideline value is a key factor in determining the stamp duty and registration fees when buying or selling property in Mevaloorkuppam B. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

When a property is registered, the guideline value serves as a benchmark for calculating the applicable fees. This ensures that the transaction is recorded accurately and reflects the current value set by the Registration Department.

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 increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in both 2023 and 2024, reflecting a 49% increase over this period.

What are the stamp duty rates applicable for properties in Thiruvalluvar Street?

The stamp duty for properties in Thiruvalluvar Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Thiruvalluvar Street?

The Sriperumpudur Sub Registrar Office handles property registrations for Thiruvalluvar Street, located at 27, Chetty Street, Sriperumpudur-602 105.

What is the median guideline value for streets in Mevaloorkuppam B?

The median guideline value for streets in Mevaloorkuppam B is Rs 400 per sq.ft, while Thiruvalluvar Street's guideline value is below this median at Rs 300 per sq.ft.