Guideline Value for Thiruvalluvar Street

Thiruvalluvar Street guideline value

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

How the guideline value of Thiruvalluvar Street has changed

The guideline value for Thiruvalluvar Street has seen several revisions over the years. In 2002, the guideline value was Rs 350 per sq.ft. This increased to Rs 431 per sq.ft in 2003, marking a change of +23%. The value then rose to Rs 500 per sq.ft in 2007, reflecting a significant increase of +16%. Following this, the value jumped to Rs 1,500 per sq.ft in 2012, with a remarkable increase of +200%. However, it decreased to Rs 1,005 per sq.ft in 2017, showing a decline of -33%. The value then rose again to Rs 1,500 per sq.ft in 2023, and finally, it reached Rs 1,650 per sq.ft in 2024, which is a +10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +371%. The register has no figures for revisions in the years not listed in the provided data.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 8,250 per sq.ft, with the median value being Rs 3,300 per sq.ft. Thiruvalluvar Street's 2024 guideline value is below this median.

• Thiruvalluvarpuram: Rs 2,200 per sq.ft (2024)
• Thiruvengada Nagar: Rs 2,200 per sq.ft (2024)
• Thiruppur Kumaran street(Radha nagar): Rs 1,650 per sq.ft (2024)
• Thiruppur Kumaran street (G.S.T Road): Rs 6,600 per sq.ft (2024)
• Thiruneermalai Road: Rs 2,200 per sq.ft (2024)
• T.K. Chetty Street: 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 guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total amount to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

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, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Tambaram. It serves as a benchmark for determining the amount of stamp duty and registration fees that need to be paid during the property registration process.

When a buyer or seller engages in a property transaction, the guideline value is used to calculate the applicable duties, ensuring that the transaction is recorded accurately and legally. This helps maintain transparency in property dealings within the region.

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 350 per sq.ft in 2002 to Rs 1,650 per sq.ft in 2024, showing an overall increase of +371% over the years.

What is the classification of Thiruvalluvar Street?

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

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

The Sub Registrar Office for Thiruvalluvar Street is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.

How is stamp duty calculated for properties in Tambaram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 at 7%.