Guideline Value for Thiruvalluvar Street

Thiruvalluvar Street guideline value

The current guideline value of Thiruvalluvar Street, located in Sembulivaram village under the Redhills SRO, is Rs 1,210 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I 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. The earliest recorded figure is from 2012, which was Rs 1,100 per sq.ft. In 2017, this value decreased to Rs 737 per sq.ft, reflecting a decline of 33%. However, from 2017 to 2023, the guideline value increased significantly to Rs 1,100 per sq.ft, marking a 49% rise. The latest revision in 2024 has set the value at Rs 1,210 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for Thiruvalluvar Street. Overall, from 2012 to 2024, the guideline value has seen an increase of 10%.

Guideline values in Sembulivaram

In Sembulivaram, there are 16 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 550 to Rs 1,650 per sq.ft. The median value among these streets is Rs 1,210 per sq.ft, which is equal to the 2024 guideline value of Thiruvalluvar Street.

• VEERA RAGAVA Avenue: Rs 810 per sq.ft (2024)
• Perumal Koil Street: Rs 1,210 per sq.ft (2024)
• Moogambigai Nagar: Rs 1,105 per sq.ft (2024)
• K.J. Hospital Street: Rs 550 per sq.ft (2024)
• K.J. Hospital 2nd Street: Rs 550 per sq.ft (2024)
• K.J. Hospital 1st Street: 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 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would amount to Rs 84,700, while the registration fee at 2% would be Rs 24,200. Together, the total cost for these fees would be Rs 1,08,900. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. 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 Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sembulivaram. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value set by the Registration Department.

When a property is sold, the guideline value is used to assess the appropriate fees, which are charged at the time of registration. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street?

The current guideline value of Thiruvalluvar Street is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then increased to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,210 per sq.ft in 2024.

What is the median guideline value in Sembulivaram?

The median guideline value in Sembulivaram is Rs 1,210 per sq.ft, which is the same as the current value for Thiruvalluvar Street.

What are the stamp duty rates for properties in Thiruvalluvar Street?

The stamp duty rate for properties in Thiruvalluvar Street is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Thiruvalluvar Street located?

The Sub Registrar Office for Thiruvalluvar Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.