Guideline Value for THIRUVALLUVAR NAGAR

Thiruvalluvar Nagar guideline value

The current guideline value of Thiruvalluvar Nagar is Rs 101 per sq.ft, effective from 1 July 2024. This area is located in Thirumukkoodal village, under the Salavakkam Sub Registrar Office (SRO). The land classification for this street is Residential Class II Type - I.

How the guideline value of Thiruvalluvar Nagar has changed

The guideline value for Thiruvalluvar Nagar has undergone several revisions over the years. The earliest figure available is from the 2012 revision, which was Rs 70 per sq.ft. This increased to Rs 47 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value saw a significant increase of 113%, reaching Rs 100 per sq.ft. The latest revision in 2024 has set the guideline value at Rs 101 per sq.ft, reflecting a 1% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for Thiruvalluvar Nagar. Overall, from 2012 to 2024, the guideline value has increased by 44%.

Guideline values in Thirumukkoodal

In Thirumukkoodal village, five streets under the Salavakkam SRO have a 2024 guideline value ranging from Rs 100 to Rs 400 per sq.ft, with the median being Rs 101 per sq.ft. Thiruvalluvar Nagar's 2024 figure aligns with this median.

• Vengadeswara Nagar: Rs 103 per sq.ft (2024)
• Sri Selliyamman Nagar: Rs 100 per sq.ft (2024)
• Agr Garden: Rs 100 per sq.ft (2024)
• Sri Krishna Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 101 per sq.ft, the total guideline value amounts to Rs 1,01,000. The stamp duty, charged at 7%, would be Rs 7,070, while the registration fee at 2% would be Rs 2,020. Together, the total cost for these fees would be Rs 9,090. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Thiruvalluvar Nagar?

The Sub Registrar Office that covers Thiruvalluvar Nagar is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thirumukkoodal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar?

The current guideline value of Thiruvalluvar Nagar is Rs 101 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 70 per sq.ft in 2012 to Rs 101 per sq.ft in 2024, showing an overall increase of 44% over this period.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft property, the total fees would amount to Rs 9,090.

Which Sub Registrar Office should I contact for transactions in Thiruvalluvar Nagar?

The Salavakkam Sub Registrar Office covers Thiruvalluvar Nagar. It is located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

What is the land classification for Thiruvalluvar Nagar?

The land classification for Thiruvalluvar Nagar is Residential Class II Type - I, indicating its suitability for residential development.