Guideline Value for THIRUVALLUVAR NAGAR 2ND AVENUE

Thiruvalluvar Nagar 2nd Avenue guideline value

The current guideline value of Thiruvalluvar Nagar 2nd Avenue is Rs 8,250 per sq.ft, effective from 1 July 2024. This area is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Thiruvalluvar Nagar 2nd Avenue has changed

Over the years, the guideline value of Thiruvalluvar Nagar 2nd Avenue has seen significant changes. The earliest recorded figure is from 2002, which was Rs 1,732 per sq.ft. This value increased to Rs 1,916 per sq.ft in 2003, marking an increase of 11%. In 2007, the guideline value jumped to Rs 2,200 per sq.ft, reflecting a 15% increase. The 2012 revision saw the value rise dramatically to Rs 7,500 per sq.ft, a substantial increase of 241% from the previous revision. However, in 2017, it decreased to Rs 5,025 per sq.ft, a decline of 33%. The value then rose again to Rs 7,500 per sq.ft in 2023, before reaching the current rate of Rs 8,250 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no revision figures available for the years not mentioned in the register. The overall change from 2002 to 2024 shows an increase of 376% in the guideline value per sq.ft.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median value for these streets is Rs 9,900 per sq.ft, placing the guideline value of Thiruvalluvar Nagar 2nd Avenue below this median.

• Thiruvalluvar Nagar 29th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 28th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 27th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 26th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 2nd Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 25th Cross Street: Rs 7,150 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar 2nd Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 8,250 per sq.ft, the total guideline value amounts to Rs 82,50,000. The stamp duty at 7% would be Rs 5,77,500, while the registration fee at 2% would be Rs 1,65,000. This results in a total cost of Rs 7,42,500. Please note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluvar Nagar 2nd Avenue?

The Sub Registrar Office that covers Thiruvalluvar Nagar 2nd Avenue is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is an essential factor when buying or selling property in Thiruvanmiyur. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during property transactions.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, reflecting the property's value in the market.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 2nd Avenue?

The current guideline value of Thiruvalluvar Nagar 2nd Avenue is Rs 8,250 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 1,732 per sq.ft in 2002 to Rs 8,250 per sq.ft in 2024, showing an overall increase of 376% over the years.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft property at the current guideline value, the total guideline value is Rs 82,50,000. The stamp duty would be Rs 5,77,500, and the registration fee would be Rs 1,65,000, totaling Rs 7,42,500.

Which office handles registrations for Thiruvalluvar Nagar 2nd Avenue?

The Chennai South Joint I Sub Registrar Office handles registrations for Thiruvalluvar Nagar 2nd Avenue, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What is the median guideline value in Thiruvanmiyur?

The median guideline value for streets in Thiruvanmiyur is Rs 9,900 per sq.ft, with Thiruvalluvar Nagar 2nd Avenue's guideline value being below this median.