Guideline Value for VALLUVAR STREET

Valluvar Street guideline value

The current guideline value of Valluvar Street in Thandurai village, under the Avadi SRO, is Rs 988 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification.

How the guideline value of Valluvar Street has changed

Over the years, the guideline value of Valluvar Street has seen significant changes. In the 2002 revision, the value was Rs 81 per sq.ft, which increased to Rs 93 per sq.ft in 2003, marking a 15% rise. Following this, the value surged to Rs 386 per sq.ft in 2007, reflecting a remarkable increase of 315%. The 2012 revision saw a decrease to Rs 900 per sq.ft, which was a decline of 133%. In 2017, the value was Rs 603 per sq.ft, showing a 49% increase from the previous revision. The 2023 revision set the value at Rs 900 per sq.ft, and the latest revision in 2024 brought it to Rs 988 per sq.ft, a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1120%. There are no figures available for the revisions in years not mentioned in the provided data.

Guideline values in Thandurai

In Thandurai village, there are 331 streets under the Avadi SRO, with guideline values ranging from Rs 800 to Rs 2,640 per sq.ft. The median value is Rs 988 per sq.ft, which is equal to the 2024 figure for Valluvar Street.

• Vanavil Nagar: Rs 988 per sq.ft (2024)
• Vallalar Street: Rs 988 per sq.ft (2024)
• Vallalar Nagar & Other Streets: Rs 1,300 per sq.ft (2024)
• Vallalar Nagar Main Road Cross St: Rs 802 per sq.ft (2024)
• Vallalar Nagar Main Road Cross Road: Rs 1,300 per sq.ft (2024)
• Vallalar Nagar Main Road: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Valluvar Street

For a 1,000 sq.ft plot at the current rate of Rs 988 per sq.ft, the guideline value amounts to Rs 9,88,000. The stamp duty at 7% would be Rs 69,160, and the registration fee at 2% would be Rs 19,760, totaling Rs 88,920. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Valluvar Street?

The Sub Registrar Office that covers Valluvar Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial aspect when registering property transactions in Thandurai. It serves as the basis for calculating the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a property is sold or bought, the guideline value helps ensure that the transaction is recorded accurately in the official records. It is important for buyers and sellers to be aware of the current guideline value to understand the financial implications involved in the transaction.

Frequently asked questions

What is the current guideline value of Valluvar Street?

The current guideline value of Valluvar Street is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 81 per sq.ft in 2002 to Rs 988 per sq.ft in 2024, reflecting an overall increase of 1120% over this period.

What are the stamp duty and registration fees for properties on Valluvar Street?

For a 1,000 sq.ft property on Valluvar Street, the total stamp duty and registration fees would amount to Rs 88,920, based on the current guideline value.

Which office handles registrations for Valluvar Street?

The Avadi Sub Registrar Office handles registrations for Valluvar Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification for Valluvar Street?

Valluvar Street falls under the Residential Class II Type - I land classification according to the guideline value register.