Guideline Value for Thiruvalluvar Street

Thiruvalluvar Street guideline value

The current guideline value of Thiruvalluvar Street in Mamallapuram village is Rs 825 per sq.ft, effective from 1 July 2024. This street falls under the Thirukazhukundram 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 the 2012 revision, the value was set at Rs 750 per sq.ft. This was followed by a decrease to Rs 502 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 750 per sq.ft, and in the 2024 revision, it further rose to Rs 825 per sq.ft, marking a 10% increase from the previous year. The register does not contain figures for the years 2002, 2003, and 2007.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The changes between the revisions are as follows: a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024.

Guideline values in Mamallapuram

In Mamallapuram, there are 133 streets under the Thirukazhukundram SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 1,650 per sq.ft, with a median value of Rs 935 per sq.ft. Thiruvalluvar Street's 2024 figure of Rs 825 per sq.ft is below this median.

• Thulukkanathamman Koil Street: Rs 550 per sq.ft (2024)
• Thirukula Street: Rs 1,325 per sq.ft (2024)
• Thirukulam 1st Street: Rs 1,210 per sq.ft (2024)
• Thirukalukundram Salai 6st Cross Street: Rs 1,215 per sq.ft (2024)
• Thirukalukundram Salai 5st Cross Street: Rs 1,215 per sq.ft (2024)
• Thirukalukundram Salai 4st Cross Street: Rs 1,215 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 825 per sq.ft, the total guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total to Rs 74,250. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, 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 Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Mamallapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these charges are based on the higher of the guideline value or the actual sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street?

The current guideline value of Thiruvalluvar Street is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then increased to Rs 750 per sq.ft in 2023, and finally to Rs 825 per sq.ft in 2024.

What is the land classification for Thiruvalluvar Street?

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

Where can I find the registration office for Thiruvalluvar Street?

The registration office for Thiruvalluvar Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is stamp duty calculated for properties in Mamallapuram?

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 8,25,000, the stamp duty would be 7% of that amount.