Guideline Value for Thiruvalluvar Street

Thiruvalluvar Street guideline value

The current guideline value of Thiruvalluvar Street in Sirukalathur village, under the Kunrathur SRO, is Rs 500 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class I Type - II.

How the guideline value of Thiruvalluvar Street has changed

The guideline value for Thiruvalluvar Street has undergone several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft. This increased to Rs 450 per sq.ft in 2012, but then decreased to Rs 301 per sq.ft in 2017. The 2023 revision saw a significant increase to Rs 450 per sq.ft, followed by the latest revision in 2024, which set the value at Rs 500 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

From 2007 to 2024, the overall increase in the guideline value is 150%. The changes between the revisions include a 125% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 50% increase from 2017 to 2023, and an 11% increase from 2023 to 2024.

Guideline values in Sirukalathur

In Sirukalathur, there are 32 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 450 to Rs 2,970 per sq.ft, with a median value of Rs 550 per sq.ft. Thiruvalluvar Street's 2024 guideline value is below this median.

• T.V.K. Street: Rs 550 per sq.ft (2024)
• Vanavil Avenue: Rs 2,970 per sq.ft (2024)
• Suraj Kudiyiruppu: Rs 500 per sq.ft (2024)
• Sri Sri Srinivasa Perumal Avenue: Rs 1,000 per sq.ft (2024)
• Sri Srinivasa Perumal Avenue: Rs 550 per sq.ft (2024)
• Sri Ranganathan Nagar: Rs 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 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, while the registration fee at 2% would be Rs 10,000, bringing the total cost for these fees to Rs 45,000. 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 details.

Which Sub Registrar Office covers Thiruvalluvar Street?

The Sub Registrar Office that covers Thiruvalluvar Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

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

When buying or selling property, the guideline value helps establish a fair price for the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration requirements and to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street?

The current guideline value of Thiruvalluvar Street is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 500 per sq.ft in 2024, reflecting an overall increase of 150% over this period.

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

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000, and the registration fee would be Rs 10,000, totaling Rs 45,000.

Which Sub Registrar Office is responsible for Thiruvalluvar Street?

The Kunrathur Sub Registrar Office is responsible for Thiruvalluvar Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Thiruvalluvar Street?

Thiruvalluvar Street is classified as Residential Class I Type - II, indicating its suitability for residential development.