Guideline Value for Thiruvalluvar Street

Thiruvalluvar Street guideline value

The current guideline value of Thiruvalluvar Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in 44.Ayanambakkam village under the Konnur SRO, and falls under the Residential Class III Type - I land classification.

How the guideline value of Thiruvalluvar Street has changed

In the 2017 revision, the guideline value was Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 saw another increase of 10%, bringing the value to Rs 1,100 per sq.ft. The register has no figures for this street in the years 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The changes reflect the adjustments made in the valuation of properties in this area over the years.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 9,702 per sq.ft. The median value for these streets is Rs 1,300 per sq.ft, which means Thiruvalluvar Street's 2024 figure is below that median.

• Thiruverkadu Road: Rs 1,100 per sq.ft (2024)
• The chennai newcity EXTN: Rs 2,200 per sq.ft (2024)
• The Chennai New City: Rs 1,700 per sq.ft (2024)
• VadaNoombal Salai: Rs 1,100 per sq.ft (2024)
• Vaishnavi Nagar: Rs 804 per sq.ft (2024)
• Vanagaram Road: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Street?

The Sub Registrar Office covering Thiruvalluvar Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a crucial factor in the registration of property transactions in 44.Ayanambakkam. It determines the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It is essential to understand that the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price, impacting 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 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 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty and registration fees for properties on Thiruvalluvar Street?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office is responsible for Thiruvalluvar Street?

The Konnur Sub Registrar Office is responsible for Thiruvalluvar Street, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the median guideline value in 44.Ayanambakkam?

The median guideline value for streets in 44.Ayanambakkam is Rs 1,300 per sq.ft, indicating that Thiruvalluvar Street's current value is below this median.