Guideline Value for THIRUVALLUVAR NAGAR ANNEX

Thiruvalluvar Nagar Annex guideline value

The current guideline value of Thiruvalluvar Nagar Annex is Rs 5,000 per sq.ft, effective from 1 July 2024. This area is located in Adambakkam village under the Alandur SRO and is classified as Residential Class I Type - I.

How the guideline value of Thiruvalluvar Nagar Annex has changed

The guideline value for Thiruvalluvar Nagar Annex has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 5,000 per sq.ft, a significant increase from the 2023 revision of Rs 3,015 per sq.ft. The 2023 figure remained unchanged from the 2017 revision, which also recorded Rs 3,015 per sq.ft. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 66%. The change from 2023 to 2024 represents a 66% rise, highlighting the substantial growth in the guideline value over these years.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 3,900 per sq.ft, placing Thiruvalluvar Nagar Annex above this median.

• Thiruvalluvar Nagar Ist lane: Rs 3,900 per sq.ft (2024)
• Thiruvalluvar Nagar Ist street: Rs 3,900 per sq.ft (2024)
• Thiruvalluvar Nagar(near M.K.N ROAD): Rs 3,900 per sq.ft (2024)
• Thiruvalluvar Nagar 3rd street: Rs 3,900 per sq.ft (2024)
• Thiruvalluvar Street 1st lane: Rs 3,900 per sq.ft (2024)
• Thiruvalluvar Street 2nd Lane: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value would be Rs 50,00,000. The stamp duty at 7% would amount to Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, bringing the total fees to Rs 4,50,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluvar Nagar Annex?

The Sub Registrar Office that covers Thiruvalluvar Nagar Annex is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Adambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction.

When registering a property, the guideline value is considered to ensure that the transaction is documented at a fair and consistent rate. Buyers and sellers should be aware of these values to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar Annex?

The current guideline value of Thiruvalluvar Nagar Annex is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 3,015 per sq.ft in 2023 to Rs 5,000 per sq.ft in 2024. Overall, from 2017 to 2024, there has been a 66% increase in the guideline value.

What is the land classification for Thiruvalluvar Nagar Annex?

Thiruvalluvar Nagar Annex is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where is the Alandur Sub Registrar Office located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for properties in Thiruvalluvar Nagar Annex?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 50,00,000, the stamp duty would be Rs 3,50,000 at 7%.