Guideline Value for THIRUVALLLUR NAGAR

Thiruvalllur Nagar guideline value

The current guideline value for Thiruvalllur Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area falls under Paranur village and is registered with the Chengleput Joint II SRO. The land classification for this locality is Residential Special Type - I.

How the guideline value of Thiruvalllur Nagar has changed

Over the years, the guideline value of Thiruvalllur Nagar has seen various revisions. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 500 per sq.ft. The 2017 revision saw a significant increase to Rs 335 per sq.ft, marking a 49% rise from the previous value. However, the revisions from 2002, 2003, and 2007 have no figures listed for this street in the register.

From the 2012 revision to the 2024 revision, the guideline value has remained at Rs 500 per sq.ft, indicating no change overall during this period. The 2023 to 2024 revision showed no percentage change, maintaining the value at Rs 500 per sq.ft.

Guideline values in Paranur

In addition to Thiruvalllur Nagar, there are other streets in Paranur under the Chengleput Joint II SRO. The guideline values for these streets vary significantly.

• Hallmark emerald: Rs 4,750 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalllur Nagar

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. 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 Thiruvalllur Nagar?

The Sub Registrar Office that covers Thiruvalllur Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Paranur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees payable at the time of registration. This ensures that both parties are aware of the financial obligations associated with the transaction.

It is essential for buyers and sellers to be familiar with the guideline value, as it can impact the overall cost of the transaction. Understanding the current guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Thiruvalllur Nagar?

The current guideline value of Thiruvalllur Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft from 2012 to 2024, with a significant increase from Rs 335 per sq.ft in 2017 to 2023. The revisions for the years 2002, 2003, and 2007 have no figures listed for this street.

What are the stamp duty and registration fees for property in Thiruvalllur Nagar?

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000, and the registration fee would be Rs 10,000, totaling Rs 45,000.

Which office handles property registration in Thiruvalllur Nagar?

The Chengleput Joint II Sub Registrar Office handles property registration for Thiruvalllur Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It ensures transparency and clarity regarding the financial obligations involved in buying or selling property.