Guideline Value for Thiruvalluvar Street

Thiruvalluvar Street guideline value

The current guideline value of Thiruvalluvar Street in Mannurpet village, under the Konnur SRO, is Rs 1,300 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Thiruvalluvar Street has changed

The guideline value for Thiruvalluvar Street has undergone several revisions over the years. In 2002, the value was Rs 263 per sq.ft, which increased to Rs 290 per sq.ft in 2003, marking a 10% rise. The value continued to rise significantly, reaching Rs 500 per sq.ft in 2007, reflecting a 72% increase. By 2012, the value was Rs 1,200 per sq.ft, showing a substantial 140% increase from the previous revision. However, it dropped to Rs 804 per sq.ft in 2017, indicating a decrease of 33% from 2012. The value then increased again to Rs 1,200 per sq.ft in 2023, representing a 49% rise. The most recent revision in 2024 saw the guideline value reach Rs 1,300 per sq.ft, an 8% increase from the previous year.

Guideline values in Mannurpet

Mannurpet village has a total of 38 streets under the Konnur SRO, with a 2024 guideline value range from Rs 1,100 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 1,300 per sq.ft, and Thiruvalluvar Street's 2024 figure aligns with this median.

• Thiruveediamman Koil Street: Rs 1,700 per sq.ft (2024)
• Telephone Colony: Rs 1,300 per sq.ft (2024)
• Vengatasubburaya Street: Rs 1,100 per sq.ft (2024)
• Venkatasa Perumal Koil 3 & 4th Cross Street: Rs 1,300 per sq.ft (2024)
• Venkatasa Perumal Koil First & Second Cross Street: Rs 1,300 per sq.ft (2024)
• Venkatasa Perumal Koil Street: Rs 1,300 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 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total fees to Rs 1,17,000. It is important to note that 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 detailed calculations.

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. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Mannurpet. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 263 per sq.ft in 2002 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 394% over the years.

What is the land classification for Thiruvalluvar Street?

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

What is the registration office for Thiruvalluvar Street?

The registration office for Thiruvalluvar Street is the Konnur Sub Registrar Office, located in Ambattur, Chennai.

How is stamp duty calculated for property in Thiruvalluvar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 at 7%.