Guideline Value for Thiruvalluvar Street

Thiruvalluvar Street guideline value

The current guideline value of Thiruvalluvar Street in Perungalathur village, under the Padappai SRO, is Rs 2,970 per sq.ft, effective from 1 July 2024. This street is classified as Commercial Class I Type - II.

How the guideline value of Thiruvalluvar Street has changed

The guideline value for Thiruvalluvar Street has seen significant changes over the years. In the 2007 revision, the value was Rs 250 per sq.ft. This increased dramatically to Rs 2,700 per sq.ft in the 2012 revision, marking a rise of 980%. However, in the 2017 revision, the value decreased to Rs 1,809 per sq.ft, which was a reduction of 33%. The value then rose to Rs 2,700 per sq.ft in 2023, showing an increase of 49%. The most recent revision in 2024 has set the value at Rs 2,970 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,310 per sq.ft, placing Thiruvalluvar Street's value above this median.

• Thiruvengada Nagar Church Street: Rs 2,310 per sq.ft (2024)
• Thiru Venkatapuram: Rs 1,980 per sq.ft (2024)
• Thiru V.K. Street: Rs 2,640 per sq.ft (2024)
• Thiyagarayar Street: Rs 2,310 per sq.ft (2024)
• Thiyagi Viswanatha das Nagar: Rs 1,650 per sq.ft (2024)
• Tirupur Kumaran Street: Rs 3,960 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 2,970 per sq.ft, the total guideline value would be Rs 29,70,000. The stamp duty at 7% would be Rs 2,07,900, and the registration fee at 2% would be Rs 59,400, bringing the total to Rs 2,67,300. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluvar Street?

The Sub Registrar Office that covers Thiruvalluvar Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

When buying or selling property in Perungalathur, the guideline value is a crucial factor in determining the stamp duty and registration fees. It serves as a benchmark for the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue from property transactions.

During the registration process, the guideline value is compared with the sale price of the property. The higher of the two values will be used to calculate the applicable stamp duty and registration fees, ensuring compliance with the legal requirements for property transactions.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street?

The current guideline value of Thiruvalluvar Street is Rs 2,970 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 250 per sq.ft in 2007 to Rs 2,970 per sq.ft in 2024, which is an overall increase of 1088%.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 29,70,000, the stamp duty would be Rs 2,07,900 and the registration fee would be Rs 59,400, totaling Rs 2,67,300.

Which Sub Registrar Office handles registrations for Thiruvalluvar Street?

The Padappai Sub Registrar Office at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone, handles registrations for Thiruvalluvar Street.

What is the land classification of Thiruvalluvar Street?

Thiruvalluvar Street is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.