Guideline Value for THIRUVALLUVAR NAGAR 3RD MAIN ROAD

Thiruvalluvar Nagar 3rd Main Road guideline value

The current guideline value of Thiruvalluvar Nagar 3rd Main Road is Rs 7,150 per sq.ft, effective from 1 July 2024. This road is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Thiruvalluvar Nagar 3rd Main Road has changed

The guideline value for Thiruvalluvar Nagar 3rd Main Road has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 1,127 per sq.ft. This increased to Rs 1,247 per sq.ft in 2003, marking an increase of 11%. By 2007, the value jumped significantly to Rs 1,800 per sq.ft, representing a 44% rise. In 2012, the value was recorded at Rs 6,500 per sq.ft, which was a substantial increase of 261% from the previous revision. However, in 2017, it decreased to Rs 4,355 per sq.ft, reflecting a decline of 33%. The value then rose again to Rs 6,500 per sq.ft in 2023, followed by the latest revision in 2024, which set the value at Rs 7,150 per sq.ft, an increase of 10% from the previous year.

Overall, the guideline value has increased by 534% from 2002 to 2024. There are no figures available for the revisions in years not listed in the register.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur village, there are 484 streets under the Chennai South Joint I SRO, with guideline values 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 Thiruvalluvar Nagar 3rd Main Road's 2024 figure below this median.

• Thiruvalluvar Nagar 3rd Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 3rd Avenue: Rs 8,250 per sq.ft (2024)
• Thiruvalluvar Nagar 39th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 38th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 37th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 36th Cross Street: Rs 7,150 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar 3rd Main Road

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 71,50,000. The stamp duty at 7% would be Rs 5,00,500, and the registration fee at 2% would be Rs 1,43,000, bringing the total to Rs 6,43,500. 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 details.

Which Sub Registrar Office covers Thiruvalluvar Nagar 3rd Main Road?

The Sub Registrar Office that covers Thiruvalluvar Nagar 3rd Main Road 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 a crucial factor during the registration process when buying or selling property in Thiruvanmiyur. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the established rates.

When a property transaction occurs, the buyer and seller must refer to the guideline value to ascertain the correct duties payable. This ensures transparency and compliance with local regulations, as the guideline value reflects the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 3rd Main Road?

The current guideline value of Thiruvalluvar Nagar 3rd Main Road is Rs 7,150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,127 per sq.ft in 2002 to Rs 7,150 per sq.ft in 2024, showing an overall increase of 534% over the years.

What is the median guideline value for streets in Thiruvanmiyur?

The median guideline value for streets in Thiruvanmiyur is Rs 9,900 per sq.ft, which is higher than the current value for Thiruvalluvar Nagar 3rd Main Road.

What are the stamp duty and registration fees for a property in Thiruvalluvar Nagar 3rd Main Road?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 6,43,500, based on the current guideline value of Rs 71,50,000.

Where is the Sub Registrar Office for Thiruvalluvar Nagar 3rd Main Road located?

The Sub Registrar Office for Thiruvalluvar Nagar 3rd Main Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.