Guideline Value for THIRUVALLUVAR NAGAR 4 TH STREET

Thiruvalluvar Nagar 4 Th Street guideline value

The current guideline value of Thiruvalluvar Nagar 4 Th 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 4 Th Street has changed

Looking at the revisions, the guideline value for Thiruvalluvar Nagar 4 Th Street has seen significant changes over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in the 2017 revision. Following this, the value increased to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2024, the overall change in guideline value has been an increase of 10%. The change from 2017 to 2023 was a notable increase of 49%. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street.

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 is the same as the current value for Thiruvalluvar Nagar 4 Th Street.

• Thiruvalluvar Nagar 3 Rd 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 4 Th 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, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Thiruvalluvar Nagar 4 Th Street?

The Thiruvalluvar Nagar 4 Th Street is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Okkiyamthuraipakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When you buy or sell property, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate fees are collected. This process helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value for Thiruvalluvar Nagar 4 Th Street?

The current guideline value for Thiruvalluvar Nagar 4 Th 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 2023 to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase. It was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012, showing fluctuations in the value over the years.

What is the land classification for Thiruvalluvar Nagar 4 Th Street?

Thiruvalluvar Nagar 4 Th Street is classified as Residential Class II Type - I according to the Neelankarai SRO guidelines.

Where can I find the registration office for Thiruvalluvar Nagar 4 Th Street?

The registration office covering Thiruvalluvar Nagar 4 Th Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in Thiruvalluvar Nagar 4 Th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at 7%.