Guideline Value for Thiruvalluvar Street

Thiruvalluvar Street guideline value

The current guideline value of Thiruvalluvar Street in Menambedu village is Rs 1,001 per sq.ft, effective from 1 July 2024. This street falls under the Ambattur SRO and is classified as Residential Class IV Type - I.

How the guideline value of Thiruvalluvar Street has changed

The guideline value for Thiruvalluvar Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,001 per sq.ft, an increase from Rs 1,000 per sq.ft in 2023. Prior to that, the 2017 revision recorded a value of Rs 536 per sq.ft, marking an 87% increase from the 2017 figure to the 2023 figure. The 2012 revision set the value at Rs 800 per sq.ft, which was a decrease of 33% from the 2012 to 2017 period. Overall, from 2012 to 2024, there has been a 25% increase in the guideline value.

The register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the changes reflect only the revisions available from 2012 onwards.

Guideline values in Menambedu

In Menambedu, there are 171 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,680 per sq.ft, with a median value of Rs 1,003 per sq.ft. The guideline value for Thiruvalluvar Street is below this median.

• Thiyagarajar Nagar: Rs 1,002 per sq.ft (2024)
• Thulasi Street: Rs 1,700 per sq.ft (2024)
• Thulukanam Street: Rs 1,700 per sq.ft (2024)
• Thirunavukarasu Street: Rs 1,300 per sq.ft (2024)
• T.N.E.B. Colony: Rs 1,700 per sq.ft (2024)
• Thirumalai Street: Rs 1,001 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 1,001 per sq.ft, the total guideline value amounts to Rs 10,01,000. The stamp duty at 7% would be Rs 70,070, and the registration fee at 2% would be Rs 20,020, making the total cost for these fees Rs 90,090. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thiruvalluvar Street?

The Thiruvalluvar Street falls under the jurisdiction of 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 Menambedu

The guideline value is a crucial factor in the registration process when buying or selling property in Menambedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that both the buyer and seller are aware of the financial implications of the transaction.

When a property is registered, it is essential to consider the guideline value as it can affect the overall cost of the transaction. The fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring compliance with the local regulations.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street?

The current guideline value of Thiruvalluvar Street is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 1,001 per sq.ft in 2024, reflecting an overall increase of 25% over this period.

What is the land classification for Thiruvalluvar Street?

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

Where can I find the registration office for Thiruvalluvar Street?

The registration office for 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.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 1,001 per sq.ft would incur a total fee of Rs 90,090.