Guideline Value for Thiruvalluvar Street

Thiruvalluvar Street guideline value

The current guideline value of Thiruvalluvar Street in Ramapuram village, Chennai South Joint II SRO, is Rs 3,550 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - II land classification.

How the guideline value of Thiruvalluvar Street has changed

The guideline value of Thiruvalluvar Street has seen several revisions over the years. The 2012 revision recorded a guideline value of Rs 3,200 per sq.ft, which decreased to Rs 2,144 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 3,200 per sq.ft, and the current 2024 revision further raised it to Rs 3,550 per sq.ft. There are no figures available for the revisions in the years 2002, 2003, and 2007.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023, followed by an 11% increase from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 3,100 per sq.ft, placing Thiruvalluvar Street's 2024 figure above this median.

• Thiruvalluvar Salai: Rs 5,500 per sq.ft (2024)
• Thiru-VI-Ka Street: Rs 4,400 per sq.ft (2024)
• Thirupathi Nagar Road: Rs 3,550 per sq.ft (2024)
• Tichu Street: Rs 3,550 per sq.ft (2024)
• Thirumalai Nagar Main Road: Rs 3,550 per sq.ft (2024)
• Thirumalainagar Extn: Rs 3,550 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 3,550 per sq.ft, the total guideline value would be Rs 35,50,000. The stamp duty at 7% would amount to Rs 2,48,500, and the registration fee at 2% would be Rs 71,000, totaling Rs 3,19,500. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the 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 Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. To find your SRO, you can visit find your SRO.

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

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

When you buy or sell property, the guideline value is used to calculate the applicable duties. This ensures that the transaction is recorded at a value that reflects the government's assessment of the property's worth, thereby facilitating a transparent and regulated property market.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street?

The current guideline value of Thiruvalluvar Street is Rs 3,550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2012 to Rs 2,144 per sq.ft in 2017, then back to Rs 3,200 per sq.ft in 2023, and finally to Rs 3,550 per sq.ft in 2024.

What is the land classification for Thiruvalluvar Street?

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

How does the guideline value compare with other streets in Ramapuram?

The guideline value of Rs 3,550 per sq.ft for Thiruvalluvar Street is above the median value of Rs 3,100 per sq.ft for other streets in Ramapuram.

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

The Sub Registrar Office for Thiruvalluvar Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.