Guideline Value for THIRUVALLUVAR NAGAR

Thiruvalluvar Nagar guideline value

The current guideline value of Thiruvalluvar Nagar is Rs 220 per sq.ft, effective from 1 July 2024. This street is located in Eagattur village and falls under the Manavalanagar SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Thiruvalluvar Nagar has changed

The guideline value for Thiruvalluvar Nagar has remained consistent at Rs 220 per sq.ft in both the 2023 and 2024 revisions. Prior to these revisions, there are no figures available for this street in the years 2017, 2012, 2007, 2003, and 2002.

In the transition from the 2023 revision to the 2024 revision, there was no change in the guideline value, maintaining the rate at Rs 220 per sq.ft. This consistency indicates stability in the guideline value for this street over the last two years.

Guideline values in Eagattur

In Eagattur, there are 31 streets under the Manavalanagar SRO that carry a guideline value for 2024, ranging from Rs 100 to Rs 330 per sq.ft, with a median value of Rs 190 per sq.ft. Thiruvalluvar Nagar's 2024 guideline value is above this median.

• Thirumalai Nagar Phase III: Rs 190 per sq.ft (2024)
• Thirumalai Nagar IV: Rs 190 per sq.ft (2024)
• Thirumalai Nagar Annex II: Rs 190 per sq.ft (2024)
• Thirumalai Nagar: Rs 190 per sq.ft (2024)
• Varadaraja Nagar: Rs 154 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 154 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 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, and the registration fee at 2% would be Rs 4,400, bringing the total fees together to Rs 19,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Nagar?

The Sub Registrar Office that covers Thiruvalluvar Nagar is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Eagattur, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider the guideline value when negotiating sale prices, ensuring that the transaction meets the legal requirements set by the registration authorities.

When registering a property, the guideline value serves as a basis for calculating stamp duty and registration fees. This ensures that all properties are valued consistently, providing transparency in the real estate market within the region.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar?

The current guideline value of Thiruvalluvar Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Thiruvalluvar Nagar has remained at Rs 220 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for this street in the revisions from 2017, 2012, 2007, 2003, and 2002.

What are the guideline values for other streets in Eagattur?

Other streets in Eagattur have guideline values ranging from Rs 100 to Rs 330 per sq.ft. The median guideline value for these streets is Rs 190 per sq.ft.

What fees are associated with property registration in Thiruvalluvar Nagar?

For a property in Thiruvalluvar Nagar, the stamp duty is charged at 7% and the registration fee at 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 19,800.

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

The Sub Registrar Office for Thiruvalluvar Nagar is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.