Guideline Value for Thriuvalluvar Street

Thriuvalluvar Street guideline value

The current guideline value of Thriuvalluvar Street in Vada Mangalam village is Rs 200 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Class II Type - I.

How the guideline value of Thriuvalluvar Street has changed

The guideline value for Thriuvalluvar Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 134 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 200 per sq.ft in the 2023 revision, maintaining that figure through to the 2024 revision, which also stands at Rs 200 per sq.ft, indicating no change from the previous year.

Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for Thriuvalluvar Street. The overall change from the 2012 revision to the 2024 revision shows no net change, as the value has remained at Rs 200 per sq.ft since 2012.

Guideline values in Vada Mangalam

In Vada Mangalam, there are 23 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 200 to Rs 400 per sq.ft, with a median value of Rs 250 per sq.ft. Thriuvalluvar Street's guideline value is below this median.

• VGP Ramanujar Town Part I to IV: Rs 400 per sq.ft (2024)
• Srinivasa Nagar: Rs 400 per sq.ft (2024)
• SriLakshi Nagar: Rs 350 per sq.ft (2024)
• Sanarpandai Muslim Kudiiruppu: Rs 250 per sq.ft (2024)
• Periyapallaiyathamman Kovil Street: Rs 200 per sq.ft (2024)
• N.S.K Salai: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Thriuvalluvar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thriuvalluvar Street?

The Sub Registrar Office that covers Thriuvalluvar Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Vada Mangalam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when transferring property ownership.

When a property is bought or sold, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the costs involved in the transaction. This helps maintain transparency and ensures compliance with local regulations during property registration.

Frequently asked questions

What is the current guideline value of Thriuvalluvar Street?

The current guideline value of Thriuvalluvar Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since the 2012 revision, with a decrease to Rs 134 per sq.ft in 2017 and an increase back to Rs 200 per sq.ft in the 2023 and 2024 revisions.

What is the land classification for Thriuvalluvar Street?

Thriuvalluvar Street is classified as Residential Class II Type - I under the guideline value register.

What are the other streets in Vada Mangalam and their guideline values?

Other streets in Vada Mangalam include VGP Ramanujar Town Part I to IV at Rs 400 per sq.ft, Srinivasa Nagar at Rs 400 per sq.ft, and several others with varying rates.

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

The Sub Registrar Office for Thriuvalluvar Street is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.