Guideline Value for Thiruvalluvar Street

Thiruvalluvar Street guideline value

The current guideline value of Thiruvalluvar Street in Kathirvedu village, under the Ambattur SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class IV Type - I.

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 56 per sq.ft, which increased to Rs 80 per sq.ft in 2003, marking a 43% rise. Following this, the value rose significantly to Rs 200 per sq.ft in 2007, reflecting a 150% increase. The value further surged to Rs 1,000 per sq.ft in 2012, a remarkable 400% increase from the previous revision.

From 2012 to 2017, the guideline value decreased to Rs 670 per sq.ft, a decline of 33%. This was followed by an increase to Rs 1,000 per sq.ft in 2023, which represented a 49% rise. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year. There are no figures available for the years not mentioned in this register for Thiruvalluvar Street.

Guideline values in Kathirvedu

Kathirvedu has a total of 78 streets under the Ambattur SRO that carry a guideline value for 2024, ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 1,500 per sq.ft, placing Thiruvalluvar Street's 2024 value below this median.

• Thiru-Vi-Ka Street: Rs 2,000 per sq.ft (2024)
• Thirumal Srinivasa Nagar: Rs 2,000 per sq.ft (2024)
• Vaibhav Enclave: Rs 2,800 per sq.ft (2024)
• Veera Ragavalu Nagar: Rs 2,300 per sq.ft (2024)
• Veera Ragavalu Nagar Extension: Rs 2,300 per sq.ft (2024)
• Subramaniya Nagar: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty, charged at 7%, would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000. Together, the total cost for stamp duty and registration fee would be Rs 99,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For further 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 Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kathirvedu. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration of property sales. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is bought or sold, the guideline value is used to calculate the necessary fees, ensuring that the transaction is legally recognized. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street?

The current guideline value of Thiruvalluvar Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 56 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 1864% over this period.

What is the classification of Thiruvalluvar Street?

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

Where is the Ambattur Sub Registrar Office located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a total cost of Rs 99,000 for these fees.