Guideline Value for Thiruvalluvar Street

Thiruvalluvar Street guideline value

The current guideline value of Thiruvalluvar Street in 5. Athipattu village is Rs 3,600 per sq.ft, effective from 1 July 2024. This street falls under the Konnur SRO and is classified as Residential Special Type - II.

How the guideline value of Thiruvalluvar Street has changed

The guideline value for Thiruvalluvar Street has seen several revisions over the years. The 2017 revision recorded a value of Rs 2,211 per sq.ft, which increased to Rs 3,300 per sq.ft in the 2023 revision. The latest revision in 2024 has further raised the value to Rs 3,600 per sq.ft, marking a change of +49% from 2017 to 2023 and +9% from 2023 to 2024. Overall, from 2017 to 2024, the guideline value has increased by +63%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. This lack of data indicates that the guideline value has undergone significant changes since the last recorded figure in 2017.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO, with guideline values ranging from Rs 1,100 to Rs 7,650 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Thiruvalluvar Street's 2024 figure above this median.

• Thiruvalluvar Street (Chelliamman Nagar): Rs 2,200 per sq.ft (2024)
• Thirupur Kumaran Street: Rs 1,300 per sq.ft (2024)
• Thulasi Street: Rs 2,200 per sq.ft (2024)
• Thulugathamman Kovil Street: Rs 1,600 per sq.ft (2024)
• Thirupathi Kudai Salai: Rs 1,600 per sq.ft (2024)
• Thirupathi Elumalai Street: Rs 1,600 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 3,600 per sq.ft, the guideline value would be Rs 36,00,000. The stamp duty at 7% would amount to Rs 2,52,000, while the registration fee at 2% would be Rs 72,000. Together, these fees would total Rs 3,24,000. It is essential to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Thiruvalluvar Street?

The Sub Registrar Office that covers Thiruvalluvar Street is the Konnur Sub Registrar Office, located at 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 5. Athipattu

The guideline value is a critical factor during the registration of property transactions in 5. Athipattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When engaging in a property transaction, the guideline value ensures that the government receives appropriate revenue through stamp duty. Buyers and sellers must be aware of the 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 3,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 2,211 per sq.ft to Rs 3,600 per sq.ft, marking an overall increase of +63% by 2024.

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

For a property valued at Rs 36,00,000, the stamp duty would be Rs 2,52,000, and the registration fee would be Rs 72,000, totaling Rs 3,24,000.

Which office handles the registration for Thiruvalluvar Street?

The Konnur Sub Registrar Office handles the registration for Thiruvalluvar Street, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the median guideline value for streets in 5. Athipattu?

The median guideline value for streets in 5. Athipattu is Rs 2,200 per sq.ft, with Thiruvalluvar Street's 2024 figure being above this median.