Guideline Value for Thiruvalluvar Street

Thiruvalluvar Street guideline value

The current guideline value of Thiruvalluvar Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village, under the AnnaNagar 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. The 2007 revision set the value at Rs 1,200 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012, marking a significant rise of 150%. However, the value then decreased to Rs 2,010 per sq.ft during the 2017 revision, reflecting a decline of 33%. By the 2023 revision, the value was again raised to Rs 3,000 per sq.ft, before reaching the current value of Rs 3,300 per sq.ft in 2024, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from the 2007 revision to the current 2024 value, there has been a total increase of 175%.

Guideline values in Koyakbedu

Koyakbedu village has a total of 270 streets under the AnnaNagar SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Thiruvalluvar Street's 2024 figure below that median.

• Thiruveethi Amman Koil Street: Rs 4,400 per sq.ft (2024)
• Thiru-Vi-Ka Street: Rs 4,400 per sq.ft (2024)
• Thirumular Street: Rs 3,300 per sq.ft (2024)
• Thillaiyadi Valliyammai Nagar: Rs 4,400 per sq.ft (2024)
• T.S.D.Nagar: Rs 4,900 per sq.ft (2024)
• Thamarai Street Brindavan Nagar: Rs 4,400 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 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000. Together, these fees would total Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Street?

The Sub Registrar Office that covers Thiruvalluvar Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Koyakbedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When you register a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street?

The current guideline value of Thiruvalluvar Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 175% over the years.

What is the median guideline value in Koyakbedu?

The median guideline value for the 270 streets in Koyakbedu is Rs 4,400 per sq.ft, which is above the current value of Thiruvalluvar Street.

What are the stamp duty rates for properties in Thiruvalluvar Street?

The stamp duty for properties in Thiruvalluvar Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Thiruvalluvar Street located?

The Sub Registrar Office for Thiruvalluvar Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.