Guideline Value for Thiruvalluvar Street

Thiruvalluvar Street guideline value

The current guideline value of Thiruvalluvar Street in Theerthangiriyampattu village is Rs 605 per sq.ft, effective from 1 July 2024. This street falls under the Redhills SRO and is classified as Residential Special Type - I.

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 425 per sq.ft, which then decreased to Rs 83 per sq.ft in 2003. Following this, there was a significant increase to Rs 400 per sq.ft in 2007, and further to Rs 550 per sq.ft in 2012. However, it dropped again to Rs 368 per sq.ft in 2017. The value rose to Rs 550 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 605 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 represents a 10% increase. The changes from the earlier revisions include a 38% rise from 2007 to 2012, a decrease of 33% from 2012 to 2017, and a remarkable 382% increase from 2003 to 2007. Overall, from 2002 to 2024, the guideline value has increased by 42%.

Guideline values in Theerthangiriyampattu

In Theerthangiriyampattu village, there are 24 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 880 per sq.ft. The median value is Rs 605 per sq.ft, which is the same as the guideline value for Thiruvalluvar Street.

• Thiru.Vi.Ka. Street: Rs 440 per sq.ft (2024)
• Thargass Road: Rs 770 per sq.ft (2024)
• Vivek Akbar Avenue: Rs 605 per sq.ft (2024)
• Vivek Akbar Avenue Extn: Rs 605 per sq.ft (2024)
• V.O.C. Street: Rs 605 per sq.ft (2024)
• Sothupakkam Salai: Rs 770 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 605 per sq.ft, the total guideline value amounts to Rs 6,05,000. The stamp duty at 7% would be Rs 42,350, and the registration fee at 2% would be Rs 12,100. Together, these fees would total Rs 54,450. It is important to note that the 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 covering 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 Theerthangiriyampattu

The guideline value is a critical factor in the registration process of property transactions in Theerthangiriyampattu. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the current market conditions as set by the Registration Department. This helps in maintaining transparency and compliance with legal requirements during property transactions.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street?

The current guideline value of Thiruvalluvar Street is Rs 605 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase being from Rs 550 per sq.ft in 2023 to Rs 605 per sq.ft in 2024, a 10% rise.

What is the land classification for Thiruvalluvar Street?

Thiruvalluvar Street is classified as Residential Special Type - I.

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

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

How are stamp duty and registration fees calculated for properties in Thiruvalluvar Street?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 54,450.