Guideline Value for THIRUVALLUVAR NAGAR

Thiruvalluvar Nagar guideline value

The current guideline value of Thiruvalluvar Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Kalpakkam village and falls under the Ponneri SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Thiruvalluvar Nagar has changed

The guideline value for Thiruvalluvar Nagar has seen several revisions over the years. In the 2012 revision, the value was set at Rs 100 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 67 per sq.ft, marking a decline of 33%. However, in the 2023 revision, the value increased significantly to Rs 100 per sq.ft, reflecting a 49% increase from the 2017 figure. As of the 2024 revision, the guideline value remains at Rs 100 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Thiruvalluvar Nagar. Thus, the most recent figures are from 2012, 2017, 2023, and 2024.

Guideline values in Kalpakkam

In Kalpakkam, there are a total of 21 streets under the Ponneri SRO that carry a 2024 guideline value, all set at Rs 100 per sq.ft. The median guideline value for these streets is also Rs 100 per sq.ft, which is equal to the current value for Thiruvalluvar Nagar.

• Thendral Nagar: Rs 100 per sq.ft (2024)
• Vadivudaiamman Nagar: Rs 100 per sq.ft (2024)
• Sri Prasad Nagar: Rs 100 per sq.ft (2024)
• Sri Bala Jothimurugan Manaipiriuv: Rs 100 per sq.ft (2024)
• Smr Roziya Garden: Rs 100 per sq.ft (2024)
• Shakthi Sai Avenue: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total fees to Rs 9,000. 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 Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kalpakkam. It determines the minimum value at which a property can be registered, ensuring that all transactions are recorded at a fair value as per government regulations.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the state revenue is maintained and that the transaction is legally binding.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar?

The current guideline value of Thiruvalluvar Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023 and remains the same in 2024.

What are the other streets in Kalpakkam with the same guideline value?

Other streets in Kalpakkam under the Ponneri SRO also have a guideline value of Rs 100 per sq.ft, including Thendral Nagar, Vadivudaiamman Nagar, and others.

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

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000.

Where is the Sub Registrar Office for Thiruvalluvar Nagar located?

The Sub Registrar Office for Thiruvalluvar Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.