Guideline Value for THIRUVALLUVAR ST, KAKKANJI NAGAR

Thiruvalluvar St, Kakkanji Nagar guideline value

The current guideline value for Thiruvalluvar St, Kakkanji Nagar is Rs 988 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village and falls under the Avadi SRO. The land classification is Residential Class II Type - I.

How the guideline value of Thiruvalluvar St, Kakkanji Nagar has changed

The guideline value for Thiruvalluvar St, Kakkanji Nagar has undergone several revisions over the years. The earliest recorded revision is from 2012, which set the value at Rs 900 per sq.ft. This was followed by a decrease to Rs 603 per sq.ft in 2017, and then an increase to Rs 900 per sq.ft in 2023. Finally, the current revision in 2024 has set the value at Rs 988 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 shows a 10% increase. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft. The median value for these streets is Rs 988 per sq.ft, which is the same as the guideline value for Thiruvalluvar St, Kakkanji Nagar.

• Thiruvalluvar St, Kamarajapuram: Rs 988 per sq.ft (2024)
• Thiruvalluvar St, (M.T.H.Road Southern Side): Rs 1,300 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,300 per sq.ft (2024)
• Thiruvika Street: Rs 988 per sq.ft (2024)
• Thiruvika Street, Kakkanji Nagar: Rs 988 per sq.ft (2024)
• THIRUVALLUR to CHENNAI RAIL SIDE: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar St, Kakkanji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value would be Rs 9,88,000. The stamp duty at 7% would amount to Rs 69,160, while the registration fee at 2% would be Rs 19,760. Together, the total fees would be Rs 88,920. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar St, Kakkanji Nagar?

The Sub Registrar Office that covers Thiruvalluvar St, Kakkanji Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Thandurai. It is used to calculate the stamp duty and registration fees that are required to be paid when buying or selling property. This ensures that the transaction is recorded accurately and in compliance with local regulations.

When a property is sold, the guideline value serves as a reference point for determining the minimum value on which duties and fees are calculated. Buyers and sellers must be aware of the guideline value to ensure that their transactions are processed without any issues at the registration office.

Frequently asked questions

What is the current guideline value for Thiruvalluvar St, Kakkanji Nagar?

The current guideline value for Thiruvalluvar St, Kakkanji Nagar is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then to Rs 900 per sq.ft in 2023, and finally to Rs 988 per sq.ft in 2024.

What is the land classification for Thiruvalluvar St, Kakkanji Nagar?

The land classification for Thiruvalluvar St, Kakkanji Nagar is Residential Class II Type - I.

What is the stamp duty rate for properties in Thandurai?

The stamp duty rate for properties in Thandurai is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Thiruvalluvar St, Kakkanji Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.