Guideline Value for Thiruvalluvar Stret

Thiruvalluvar Stret guideline value

The current guideline value for Thiruvalluvar Stret is Rs 900 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Thiruvalluvar Stret has changed

Over the years, the guideline value of Thiruvalluvar Stret has seen several revisions. In 2007, the value was set at Rs 100 per sq.ft, which increased significantly to Rs 900 per sq.ft in 2012. However, it dropped to Rs 603 per sq.ft in 2017. The most recent revisions show that the value remained at Rs 900 per sq.ft in both 2023 and 2024, indicating no change between these two years. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the value increased by 49%. The substantial jump from 2007 to 2012 was 800%, and overall, from 2007 to 2024, the increase stands at 800%. This shows a significant fluctuation in the guideline value over the years.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO, with guideline values ranging from Rs 200 to Rs 1,800 per sq.ft. The median guideline value is Rs 800 per sq.ft, placing Thiruvalluvar Stret's 2024 figure above this median.

• Thottakkara Street: Rs 1,500 per sq.ft (2024)
• Thirumalay Nagar: Rs 501 per sq.ft (2024)
• Thirumalaiyapillai street: Rs 1,200 per sq.ft (2024)
• Thirumalaiyapillai Santhu: Rs 1,200 per sq.ft (2024)
• Vadanalloor: Rs 700 per sq.ft (2024)
• Vaigundaperumal Koil Street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Stret

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, bringing the total to Rs 81,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Thiruvalluvar Stret?

The Sub Registrar Office that covers Thiruvalluvar Stret is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Uthiramerur. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the transaction is recorded accurately. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration process.

When a property is bought or sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the correct revenue from property transactions, based on the established guideline value for the area.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Stret?

The current guideline value of Thiruvalluvar Stret is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with significant increases and decreases. For instance, it rose from Rs 100 per sq.ft in 2007 to Rs 900 per sq.ft in 2012, and then dropped to Rs 603 per sq.ft in 2017.

What is the median guideline value in Uthiramerur?

The median guideline value in Uthiramerur is Rs 800 per sq.ft, with Thiruvalluvar Stret's 2024 figure being above this median.

What are the stamp duty and registration fees for Thiruvalluvar Stret?

For a 1,000 sq.ft plot at the guideline value of Rs 900 per sq.ft, the total guideline value is Rs 9,00,000. The stamp duty would be Rs 63,000 and the registration fee would be Rs 18,000, totaling Rs 81,000.

Which office handles property registrations for Thiruvalluvar Stret?

The Uthiramerur Sub Registrar Office handles property registrations for Thiruvalluvar Stret, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.