Guideline Value for Thiruvalluvarpuram 1-st St

Thiruvalluvarpuram 1-st St guideline value

The current guideline value of Thiruvalluvarpuram 1-st St is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Irumpuliyur village under the Tambaram Joint 1 SRO, classified as Residential Special Type - II.

How the guideline value of Thiruvalluvarpuram 1-st St has changed

Over the years, the guideline value for Thiruvalluvarpuram 1-st St has seen significant changes. The 2007 revision set the value at Rs 600 per sq.ft, which rose to Rs 2,000 per sq.ft in 2012, marking an increase of 233%. However, it dropped to Rs 1,340 per sq.ft in 2017, a decrease of 33%. The value then increased to Rs 2,000 per sq.ft in 2023, reflecting a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 2,200 per sq.ft, a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 267%.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO carrying a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Thiruvalluvarpuram 1-st St aligns with this median.

• Thiruvalluvarpuram 2-nd Cross St: Rs 2,200 per sq.ft (2024)
• Thiruvalluvarpuram 2-nd St: Rs 2,200 per sq.ft (2024)
• Thiruvalluvarpuram amman Koil St: Rs 2,200 per sq.ft (2024)
• Thiruvalluvarpuram Main Road: Rs 2,200 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,650 per sq.ft (2024)
• T.T.K. Nagar 1st Cross Street: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvarpuram 1-st St

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value is Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total fees Rs 1,98,000. Please 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 Thiruvalluvarpuram 1-st St?

The Sub Registrar Office that covers Thiruvalluvarpuram 1-st St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Irumpuliyur. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers need to be aware that the guideline value is used to calculate the stamp duty and registration fees applicable during the registration process.

When a property is sold, the sale price must meet or exceed the guideline value for proper registration. This ensures that all transactions are documented accurately, reflecting the true value of the property as per the government standards.

Frequently asked questions

What is the current guideline value of Thiruvalluvarpuram 1-st St?

The current guideline value of Thiruvalluvarpuram 1-st St is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, showing an overall increase of 267% over the years.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft property at the current rate, the total fees would be Rs 1,98,000.

Which Sub Registrar Office is responsible for Thiruvalluvarpuram 1-st St?

The Tambaram Joint 1 Sub Registrar Office is responsible for Thiruvalluvarpuram 1-st St, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification for Thiruvalluvarpuram 1-st St?

The land classification for Thiruvalluvarpuram 1-st St is Residential Special Type - II, indicating its designated use for residential purposes.