Guideline Value for T.R.R.NAGAR & STREETS

T.R.R.Nagar & Streets guideline value

The current guideline value for T.R.R.Nagar & Streets is Rs 750 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village under the Avadi SRO, classified as Residential Class II Type - III.

How the guideline value of T.R.R.Nagar & Streets has changed

The guideline value for T.R.R.Nagar & Streets has seen several revisions over the years. The oldest recorded revision is from 2017, with a value of Rs 469 per sq.ft. This increased to Rs 700 per sq.ft in 2023, marking a significant change of 49%. The most recent revision in 2024 set the value at Rs 750 per sq.ft, a 7% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for T.R.R.Nagar & Streets. Overall, from 2017 to 2024, the guideline value has increased by 60%.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,750 per sq.ft, with a median value of Rs 750 per sq.ft. The guideline value for T.R.R.Nagar & Streets matches this median.

• Transfarmer Street: Rs 440 per sq.ft (2024)
• T.V.S.Nagar: Rs 840 per sq.ft (2024)
• T.K.Nagar: Rs 750 per sq.ft (2024)
• Vadivelan Nagar: Rs 750 per sq.ft (2024)
• Valarmathi Nagar: Rs 840 per sq.ft (2024)
• Thiruvika Nagar & Extn & St: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in T.R.R.Nagar & Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total to Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers T.R.R.Nagar & Streets?

The T.R.R.Nagar & Streets area falls under 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 Thiruninravur-A

The guideline value plays a crucial role during the registration of property transactions in Thiruninravur-A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared with the actual sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is aligned with the current market conditions as reflected in the guideline values.

Frequently asked questions

What is the current guideline value for T.R.R.Nagar & Streets?

The current guideline value for T.R.R.Nagar & Streets is Rs 750 per sq.ft, effective from 1 July 2024.

How often are guideline values revised?

Guideline values are revised periodically, with the most recent revisions for T.R.R.Nagar & Streets occurring in 2017, 2023, and 2024.

What was the guideline value in 2017?

The guideline value for T.R.R.Nagar & Streets in 2017 was Rs 469 per sq.ft.

How is stamp duty calculated for properties in T.R.R.Nagar & Streets?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, on a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500 at a rate of 7%.

Where can I find the Sub Registrar Office for T.R.R.Nagar & Streets?

The Sub Registrar Office for T.R.R.Nagar & Streets is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.