Guideline Value for Thiruvalluvar Street

Thiruvalluvar Street guideline value

The current guideline value of Thiruvalluvar Street in Konnur village, under the Konnur SRO, is Rs 3,800 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Thiruvalluvar Street has changed

The guideline value for Thiruvalluvar Street has seen several revisions over the years. In 2002, the guideline value was Rs 352 per sq.ft. This increased to Rs 382 per sq.ft in 2003, marking a 9% rise. By 2007, the value surged to Rs 700 per sq.ft, reflecting an increase of 83%. The value then experienced a significant jump to Rs 3,500 per sq.ft in 2012, which was a 400% increase. However, it dropped to Rs 2,345 per sq.ft in 2017, a decrease of 33%. The value rose again to Rs 3,500 per sq.ft in 2023, and most recently, it has reached Rs 3,800 per sq.ft in 2024, which is a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 980%. The register has no figures for the years not mentioned in this overview.

Guideline values in Konnur

In Konnur village, there are 249 streets under the Konnur SRO, with 2024 guideline values ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median value is Rs 3,800 per sq.ft, which is the same as the guideline value for Thiruvalluvar Street.

• Thiruveethiamman Kovil Street: Rs 2,750 per sq.ft (2024)
• Thomas Street: Rs 6,000 per sq.ft (2024)
• T.V.K. 1 Street: Rs 3,800 per sq.ft (2024)
• T.V.K. IInd, IIIrd, IVth Street: Rs 3,800 per sq.ft (2024)
• T.V.K. Street: Rs 3,800 per sq.ft (2024)
• Therku Redkills Road: Rs 3,800 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 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total fees to Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can 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 Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. To find your SRO, please visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Konnur. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable fees. It is essential to understand that the fees are based on the higher of the guideline value or the sale price, ensuring 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 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 352 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, representing an overall increase of 980% over the years.

What are the other streets in Konnur with similar guideline values?

Other streets in Konnur with similar guideline values include T.V.K. 1 Street, T.V.K. IInd, IIIrd, IVth Street, T.V.K. Street, and Therku Redkills Road, all valued at Rs 3,800 per sq.ft in 2024.

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

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

How is stamp duty calculated for properties in Konnur?

Stamp duty for properties in Konnur is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 38,00,000 would incur a stamp duty of Rs 2,66,000 at 7%.