Guideline Value for Thiruvalluvar street

Thiruvalluvar street guideline value

The current guideline value of Thiruvalluvar street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Udaiyavarkoil village under the Poonamallee SRO, classified as Residential Class II Type - I.

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 2003, which was Rs 34 per sq.ft. This increased to Rs 100 per sq.ft in 2007, marking a significant rise of 194%. The value then saw a dramatic increase to Rs 500 per sq.ft in 2012, representing a 400% growth. However, by 2017, the value dropped to Rs 335 per sq.ft, a decrease of 33%. The next revision in 2023 saw the value rise to Rs 500 per sq.ft, a 49% increase, and it has now reached Rs 550 per sq.ft in 2024, reflecting a 10% increase from the previous year.

It is important to note that there is no recorded figure for Thiruvalluvar street in 2002. Overall, from 2003 to 2024, the guideline value has increased by 1518%.

Guideline values in Udaiyavarkoil

In Udaiyavarkoil, there are 35 streets under the Poonamallee SRO with a 2024 guideline value ranging from Rs 440 to Rs 3,400 per sq.ft. The median value for these streets is Rs 550 per sq.ft, which is equal to the current guideline value of Thiruvalluvar street.

• Thirupur kumaran street: Rs 550 per sq.ft (2024)
• Thirumalai Nagar: Rs 1,910 per sq.ft (2024)
• Supreme Avenue: Rs 552 per sq.ft (2024)
• V.O.C.street: Rs 550 per sq.ft (2024)
• Sri Athivinayagar Avenue 214, 217, 218, 219, 220, 221, 222, 223, 224, 225, 226, 228, 230, 216: Rs 550 per sq.ft (2024)
• Shri Padmavathy 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 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, resulting in a total of Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluvar street?

The Sub Registrar Office covering Thiruvalluvar street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Udaiyavarkoil. It determines the minimum value on which stamp duty and registration fees are calculated. This ensures that the transaction is recorded accurately and reflects the legal value of the property.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential to be aware of the current guideline value to understand the financial implications of the transaction, including the associated fees.

Frequently asked questions

What is the current guideline value of Thiruvalluvar street?

The current guideline value of Thiruvalluvar street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 34 per sq.ft in 2003 to Rs 550 per sq.ft in 2024, marking an overall increase of 1518%.

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

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500.

Which office do I need to register my property?

The Poonamallee Sub Registrar Office is responsible for property registrations in Thiruvalluvar street, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

What is the land classification for Thiruvalluvar street?

Thiruvalluvar street is classified as Residential Class II Type - I under the guideline value register.