Guideline Value for THIRUVALLUVAR NAGAR 3 RD STREET

Thiruvalluvar Nagar 3 Rd Street guideline value

The current guideline value of Thiruvalluvar Nagar 3 Rd Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village under the Neelankarai SRO, classified as Residential Class II Type - I.

How the guideline value of Thiruvalluvar Nagar 3 Rd Street has changed

In the 2012 revision, the guideline value was Rs 3,000 per sq.ft. This figure then decreased to Rs 2,010 per sq.ft in the 2017 revision, marking a decrease of 33%. Following this, the value increased significantly to Rs 3,000 per sq.ft in the 2023 revision, which was a 49% increase from the 2017 figure. The most recent revision in 2024 saw the guideline value rise to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, which matches the 2024 figure for Thiruvalluvar Nagar 3 Rd Street.

• Thiruvalluvar Nagar 4 Th Street: Rs 3,300 per sq.ft (2024)
• Thiruvalluvar Nagar 2 Nd Street: Rs 3,300 per sq.ft (2024)
• Thiruvalluvar Nagar 1 St Street: Rs 3,300 per sq.ft (2024)
• Thiruvalluvar Street: Rs 3,300 per sq.ft (2024)
• Thiru VI Ka Nagar: Rs 2,200 per sq.ft (2024)
• Theradi Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar 3 Rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, the total cost for these fees would be Rs 2,97,000. It is important to note that 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 information on fees.

Which Sub Registrar Office covers Thiruvalluvar Nagar 3 Rd Street?

The Thiruvalluvar Nagar 3 Rd Street falls under the Neelankarai Sub Registrar Office located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

To locate your SRO, visit find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Okkiyamthuraipakkam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction reflects a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory expenses in the registration process. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 3 Rd Street?

The current guideline value of Thiruvalluvar Nagar 3 Rd Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017. It then increased to Rs 3,000 per sq.ft in 2023 and finally to Rs 3,300 per sq.ft in 2024.

What is the stamp duty for a property in Thiruvalluvar Nagar 3 Rd Street?

The stamp duty for a property is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000.

Which Sub Registrar Office covers this area?

The Neelankarai Sub Registrar Office covers Thiruvalluvar Nagar 3 Rd Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the land classification for Thiruvalluvar Nagar 3 Rd Street?

Thiruvalluvar Nagar 3 Rd Street is classified as Residential Class II Type - I under the Neelankarai SRO.