Guideline Value for THIRUVADI AMMAN NAGAR

Thiruvadi Amman Nagar guideline value

The current guideline value of Thiruvadi Amman Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Vellivoyal village under the Thiruvottiyur SRO, classified as Residential Class I Type - III.

How the guideline value of Thiruvadi Amman Nagar has changed

In the 2017 revision, the guideline value was Rs 268 per sq.ft. This figure increased significantly to Rs 400 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 saw another increase of 10%, bringing the current guideline value to Rs 440 per sq.ft.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Thiruvadi Amman Nagar. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Vellivoyal

In Vellivoyal village, there are 23 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 715 per sq.ft. The median guideline value is Rs 440 per sq.ft, which is equal to the current value of Thiruvadi Amman Nagar.

• Thirumurthi Nagar: Rs 715 per sq.ft (2024)
• Thekkan Colony: Rs 440 per sq.ft (2024)
• Subathra Nagar: Rs 330 per sq.ft (2024)
• Sri Sankara Vetrivel Garden: Rs 440 per sq.ft (2024)
• Sri Ram Nagar/Ext: Rs 440 per sq.ft (2024)
• Vetri Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvadi Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, resulting in a total of Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvadi Amman Nagar?

The Thiruvottiyur Sub Registrar Office covers Thiruvadi Amman Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Vellivoyal. It determines the amount of stamp duty and registration fees that must be paid, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value provides a baseline for the transaction price, ensuring compliance with local regulations. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Thiruvadi Amman Nagar?

The current guideline value of Thiruvadi Amman Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, and then to Rs 440 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the stamp duty for property in Thiruvadi Amman Nagar?

The stamp duty for property in Thiruvadi Amman Nagar is 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would amount to Rs 30,800.

Which office handles registrations for Thiruvadi Amman Nagar?

The Thiruvottiyur Sub Registrar Office is responsible for handling registrations for Thiruvadi Amman Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What other streets have guideline values in Vellivoyal?

Other streets in Vellivoyal with guideline values include Thirumurthi Nagar at Rs 715 per sq.ft, Thekkan Colony at Rs 440 per sq.ft, Subathra Nagar at Rs 330 per sq.ft, Sri Sankara Vetrivel Garden at Rs 440 per sq.ft, Sri Ram Nagar/Ext at Rs 440 per sq.ft, and Vetri Nagar at Rs 440 per sq.ft.