Guideline Value for THIRUVALLUVAR NAGAR PART

Thiruvalluvar Nagar Part guideline value

The current guideline value of Thiruvalluvar Nagar Part is Rs 2,800 per sq.ft, effective from 1 July 2024. This area is located in Perungudi village, under the Neelankarai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Thiruvalluvar Nagar Part has changed

The guideline value for Thiruvalluvar Nagar Part has seen several revisions over the years. In 2002, the value was Rs 236 per sq.ft, which increased to Rs 267 per sq.ft in 2003. Following this, the value rose significantly to Rs 800 per sq.ft in 2007, and then to Rs 2,500 per sq.ft in 2012. However, there was a decrease to Rs 1,675 per sq.ft in 2017. The value then increased to Rs 2,500 per sq.ft in 2023, and finally reached Rs 2,800 per sq.ft in the 2024 revision.

In terms of percentage changes, the guideline value increased by 12% from 2023 to 2024. The value rose by 49% from 2017 to 2023, but saw a decrease of 33% from 2012 to 2017. Notably, there was a substantial increase of 213% from 2007 to 2012, and a 200% rise from 2003 to 2007. Overall, from 2002 to 2024, the guideline value has increased by 1086%.

Guideline values in Perungudi

In Perungudi, there are 249 streets under the Neelankarai SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value is Rs 3,300 per sq.ft, placing Thiruvalluvar Nagar Part's guideline value below this median.

• Thiruvalluvar Nagar Part-1: Rs 2,800 per sq.ft (2024)
• Thiruvalluvar Street: Rs 3,300 per sq.ft (2024)
• Thiruvalluvar Street (Sri Jayendra Colony): Rs 6,100 per sq.ft (2024)
• Thiruvenkadam Nagar 1st Cross Street: Rs 4,400 per sq.ft (2024)
• Thiruvenkadam Nagar 2nd Cross Street: Rs 3,300 per sq.ft (2024)
• Thiruvenkadam Nagar 2nd Main Road: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar Part

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total cost for these fees to Rs 2,52,000. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Thiruvalluvar Nagar Part?

The Thiruvalluvar Nagar Part 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. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration process of property transactions in Perungudi. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the applicable charges, ensuring that the transaction is documented accurately. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar Part?

The current guideline value of Thiruvalluvar Nagar Part is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, increasing from Rs 236 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, which is an overall increase of 1086%.

What are the other streets in Perungudi and their guideline values?

Other streets in Perungudi include Thiruvalluvar Nagar Part-1 at Rs 2,800 per sq.ft, Thiruvalluvar Street at Rs 3,300 per sq.ft, and several others with varying values up to Rs 6,100 per sq.ft.

What are the stamp duty and registration fees for properties in Thiruvalluvar Nagar Part?

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which Sub Registrar Office covers this area?

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