Guideline Value for Thiruvalluvar Street

Thiruvalluvar Street guideline value

The current guideline value of Thiruvalluvar Street in Irumpuliyur village is Rs 1,650 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - I.

How the guideline value of Thiruvalluvar Street has changed

The guideline value for Thiruvalluvar Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 650 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision. However, it then saw a decrease of 33% to Rs 1,005 per sq.ft in the 2017 revision. Following this, the value rose to Rs 1,500 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 has set the value at Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for Thiruvalluvar Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 154%.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft, with a median value of Rs 2,200 per sq.ft. Thiruvalluvar Street's 2024 guideline value is below this median.

• Thiruvalluvarpuram Main Road: Rs 2,200 per sq.ft (2024)
• Thiruvalluvarpuram amman Koil St: Rs 2,200 per sq.ft (2024)
• Thiruvalluvarpuram 2-nd St: Rs 2,200 per sq.ft (2024)
• Thiruvalluvarpuram 2-nd Cross St: Rs 2,200 per sq.ft (2024)
• Thiruvalluvarpuram 1-st St: Rs 2,200 per sq.ft (2024)
• T.T.K. Nagar 1st Cross Street: Rs 2,530 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 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thiruvalluvar Street?

The Sub Registrar Office that covers Thiruvalluvar Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Irumpuliyur. It is used to determine the stamp duty and registration fees that need to be paid to the government. Buyers and sellers should be aware that these fees are calculated based on the higher of the guideline value or the sale price of the property.

During the registration process, it is essential to provide accurate details regarding the property to ensure that the correct guideline value is applied. This helps in avoiding any discrepancies that may arise during the transaction.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street?

The current guideline value of Thiruvalluvar Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, showing an overall increase of 154% over the years.

What is the land classification for Thiruvalluvar Street?

Thiruvalluvar Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

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

The Sub Registrar Office for Thiruvalluvar Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059.

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, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,15,500.