Guideline Value for THIRUVALLUVAR NAGAR 4TH MAIN ROAD

Thiruvalluvar Nagar 4th Main Road guideline value

The current guideline value of Thiruvalluvar Nagar 4th Main Road is Rs 7,150 per sq.ft, effective from 1 July 2024. This street 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 4th Main Road has changed

The guideline value for Thiruvalluvar Nagar 4th Main Road has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 1,127 per sq.ft. This increased to Rs 1,247 per sq.ft in 2003, followed by a significant rise to Rs 1,800 per sq.ft in 2007. The 2012 revision saw the value return to Rs 6,500 per sq.ft, but then it dropped to Rs 4,355 per sq.ft in 2017. In 2023, the value was again Rs 6,500 per sq.ft, and the most recent revision in 2024 set the guideline value at Rs 7,150 per sq.ft. There are no figures available for revisions in years not listed.

Between the revisions, the guideline value has fluctuated significantly. From 2002 to 2024, the overall increase is 534%. Notably, there was a 261% increase from 2007 to 2012, and a 49% increase from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 10% increase.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value for these streets is Rs 9,900 per sq.ft, indicating that Thiruvalluvar Nagar 4th Main Road's 2024 figure is below this median.

• Thiruvalluvar Nagar 4th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 49th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 48th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 47th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 46th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 50th Cross Street: Rs 7,150 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar 4th Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 7,150 per sq.ft, the total guideline value amounts to 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, leading to a total of Rs 6,43,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluvar Nagar 4th Main Road?

The Sub Registrar Office that covers Thiruvalluvar Nagar 4th 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 details.

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

The guideline value is a crucial factor in property transactions in Thiruvanmiyur, as it determines the minimum value at which a property can be registered. When a buyer and seller agree on a sale price, the registration office will assess the guideline value to ensure that the property is registered at a fair value.

It is essential for buyers and sellers to be aware of the guideline value because it directly influences the stamp duty and registration fees. These fees are calculated based on the guideline value or the agreed sale price, whichever is higher, thus impacting the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 4th Main Road?

The current guideline value of Thiruvalluvar Nagar 4th 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 several times, starting from Rs 1,127 per sq.ft in 2002 to Rs 7,150 per sq.ft in 2024, reflecting an overall increase of 534%.

What is the land classification for Thiruvalluvar Nagar 4th Main Road?

The land classification for Thiruvalluvar Nagar 4th Main Road is Residential Class IV Type - I.

Where can I find the Sub Registrar Office for Thiruvalluvar Nagar 4th Main Road?

The Sub Registrar Office for Thiruvalluvar Nagar 4th 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.

How are stamp duty and registration fees calculated in Thiruvanmiyur?

Stamp duty and registration fees in Thiruvanmiyur are calculated based on the guideline value or the sale price, whichever is higher. The current rates are 7% for stamp duty and 2% for registration fees.