Guideline Value for THIRUVALLUVAR NAGAR

Thiruvalluvar Nagar guideline value

The current guideline value of Thiruvalluvar Nagar, located in Vengaivasal village under the Selaiyur SRO, is Rs 850 per sq.ft as per the 2024 revision effective from 1 July 2024. This area falls under Residential Class IV Type - I land classification.

How the guideline value of Thiruvalluvar Nagar has changed

In the 2012 revision, the guideline value was Rs 700 per sq.ft. This figure was reduced to Rs 469 per sq.ft in the 2017 revision, marking a decrease of 33%. However, the value saw a significant increase in the following years, rising to Rs 700 per sq.ft in the 2023 revision and further to Rs 850 per sq.ft in the 2024 revision, reflecting a 21% increase from the previous year.

Between the 2017 and 2023 revisions, the guideline value increased by 49%. Overall, from the 2012 to 2024 revisions, there has been a 21% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vengaivasal

In Vengaivasal, there are 117 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft, with a median value of Rs 2,700 per sq.ft. Thiruvalluvar Nagar's 2024 guideline value is below this median.

• Thirumurugan Nagar: Rs 4,300 per sq.ft (2024)
• Thirumoolar Avenue: Rs 2,730 per sq.ft (2024)
• Tvs Emerald Aaranya: Rs 4,800 per sq.ft (2024)
• Theshiv Rkj Elite Phase-2: Rs 4,450 per sq.ft (2024)
• Theshiv Rkj Elite: Rs 4,450 per sq.ft (2024)
• Vadhabi Nagar: Rs 2,400 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 850 per sq.ft, the total guideline value would be Rs 8,50,000. The stamp duty at 7% would amount to Rs 59,500, and the registration fee at 2% would be Rs 17,000, bringing the total to Rs 76,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluvar Nagar?

The Sub Registrar Office covering Thiruvalluvar Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Vengaivasal. It serves as a benchmark for determining the minimum value at which properties can be registered.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar?

The current guideline value of Thiruvalluvar Nagar is Rs 850 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then back to Rs 700 per sq.ft in 2023, and finally to Rs 850 per sq.ft in 2024.

What is the land classification of Thiruvalluvar Nagar?

Thiruvalluvar Nagar is classified under Residential Class IV Type - I land classification.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 8,50,000, the stamp duty would be Rs 59,500 and the registration fee would be Rs 17,000, totaling Rs 76,500.

Where can I find the Sub Registrar Office for Thiruvalluvar Nagar?

The Sub Registrar Office for Thiruvalluvar Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.