Guideline Value for Thiruvalluvarpuram 2-nd St

Thiruvalluvarpuram 2-nd St guideline value

The current guideline value of Thiruvalluvarpuram 2-nd 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, and is classified as Residential Special Type - II.

How the guideline value of Thiruvalluvarpuram 2-nd St has changed

The guideline value for Thiruvalluvarpuram 2-nd St has seen several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 600 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 233%. However, the value dropped to Rs 1,340 per sq.ft in 2017, a decrease of 33%. The subsequent revision in 2023 raised the value to Rs 2,000 per sq.ft, followed by the latest revision in 2024, which set the value at Rs 2,200 per sq.ft, a 10% increase from the previous year.

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

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO that carry 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 for Thiruvalluvarpuram 2-nd St aligns with this median.

• Thiruvalluvarpuram 2-nd Cross St: Rs 2,200 per sq.ft (2024)
• Thiruvalluvarpuram amman Koil St: Rs 2,200 per sq.ft (2024)
• Thiruvalluvarpuram 1-st 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 2-nd St

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to 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, bringing the total to Rs 1,98,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Thiruvalluvarpuram 2-nd St?

The Sub Registrar Office covering Thiruvalluvarpuram 2-nd St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is an important factor in the registration process when buying or selling property in Irumpuliyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the sale price and the guideline value are compared, with the higher of the two being used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value for Thiruvalluvarpuram 2-nd St?

The current guideline value for Thiruvalluvarpuram 2-nd 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, marking an overall increase of 267% over the years.

What are the stamp duty rates for properties in Thiruvalluvarpuram 2-nd St?

The stamp duty rate for properties in Thiruvalluvarpuram 2-nd St is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Thiruvalluvarpuram 2-nd St located?

The Sub Registrar Office for Thiruvalluvarpuram 2-nd St is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.

What is the land classification for Thiruvalluvarpuram 2-nd St?

Thiruvalluvarpuram 2-nd St is classified as Residential Special Type - II, indicating its suitability for residential purposes.