Guideline Value for THIRUVALLUVAR NAGAR (NEAR KALKI NAGAR)

Thiruvalluvar Nagar (Near Kalki Nagar) guideline value

The current guideline value of Thiruvalluvar Nagar (Near Kalki Nagar) is Rs 3,800 per sq.ft, effective from 1 July 2024. This area is located in Arumbakkam village and falls under the Kodambakkam SRO. The land classification for this street is Residential Class IV Type - III.

How the guideline value of Thiruvalluvar Nagar (Near Kalki Nagar) has changed

The guideline value for Thiruvalluvar Nagar has seen several revisions over the years. The earliest recorded revision in 2007 set the guideline value at Rs 850 per sq.ft. This figure increased significantly to Rs 3,500 per sq.ft in 2012, marking a remarkable rise of 312%. However, the value then dropped to Rs 2,345 per sq.ft in 2017, a decrease of 33%. The subsequent revision in 2023 brought the value back up to Rs 3,500 per sq.ft, and the latest revision in 2024 has set the guideline value at Rs 3,800 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 347%. Notably, the register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 6,000 per sq.ft, indicating that Thiruvalluvar Nagar's 2024 figure is below this median.

• Thiruvalluvar Street (Amaravathi Nagar): Rs 4,400 per sq.ft (2024)
• Thiruveethiammam Koil Street: Rs 4,700 per sq.ft (2024)
• Thiru Venkada Perumal Koil Street: Rs 3,300 per sq.ft (2024)
• Thiru. VI.Ka Street: Rs 5,300 per sq.ft (2024)
• Thiruvadudurai Adhinam Nagar: Rs 5,500 per sq.ft (2024)
• Tnhb Colony: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar (Near Kalki Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, making the total fees together Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thiruvalluvar Nagar (Near Kalki Nagar)?

The Sub Registrar Office that covers Thiruvalluvar Nagar is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Arumbakkam. It is the value set by the government for the purpose of calculating stamp duty and registration fees. When a property is registered, the guideline value is used to determine the applicable charges, ensuring that the transaction is recorded accurately.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar?

The current guideline value of Thiruvalluvar Nagar (Near Kalki Nagar) is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 347% over the years.

What is the registration office for Thiruvalluvar Nagar?

The registration office for Thiruvalluvar Nagar is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

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

For a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000 and the registration fee would be Rs 76,000, totaling Rs 3,42,000.

Where can I find more information about guideline values in Arumbakkam?

More information about guideline values in Arumbakkam can be found in the registration department's guideline value register, which lists the values for various streets in the area.