Guideline Value for U.V Saminthaiyyer Street

U.V Saminthaiyyer Street guideline value

The current guideline value of U.V Saminthaiyyer Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village under the Tiruvallur Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of U.V Saminthaiyyer Street has changed

The guideline value for U.V Saminthaiyyer Street has undergone several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, it then decreased to Rs 670 per sq.ft in 2017. The value saw a substantial rise to Rs 1,000 per sq.ft in 2023, and from there, it has increased to the current rate of Rs 1,100 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%. The increase from 2012 to 2017 was a decrease of 33%. The rise from 2007 to 2012 was a remarkable 400%. Overall, from 2007 to 2024, the guideline value has increased by 450%. There are no figures available for U.V Saminthaiyyer Street in the revisions for 2002 and 2003.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,850 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, which is the same as the current value for U.V Saminthaiyyer Street.

• Vaishnavi Nagar: Rs 1,650 per sq.ft (2024)
• Vallalar Street: Rs 1,650 per sq.ft (2024)
• Vallalar Street Lane: Rs 1,320 per sq.ft (2024)
• Vallalpari Street: Rs 1,100 per sq.ft (2024)
• T.V.K Street: Rs 1,100 per sq.ft (2024)
• Valluvarpuram: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in U.V Saminthaiyyer Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the 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 more detailed calculations.

Which Sub Registrar Office covers U.V Saminthaiyyer Street?

The Sub Registrar Office that covers U.V Saminthaiyyer Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Thiruvallur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of U.V Saminthaiyyer Street?

The current guideline value of U.V Saminthaiyyer Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 200 per sq.ft in 2007, rising to Rs 1,100 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for U.V Saminthaiyyer Street?

U.V Saminthaiyyer Street is classified as Residential Class I Type - III, indicating its suitability for residential development.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is charged at 7% of the guideline value or sale price, whichever is higher, along with a registration fee of 2%.

Where can I find the Sub Registrar Office for U.V Saminthaiyyer Street?

The Sub Registrar Office for U.V Saminthaiyyer Street is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.