Guideline Value for THIRUVALLUVAR STREET (AMARAVATHI NAGAR)

Thiruvalluvar Street (Amaravathi Nagar) guideline value

The current guideline value of Thiruvalluvar Street (Amaravathi Nagar) is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village and falls under the Kodambakkam SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Thiruvalluvar Street (Amaravathi Nagar) has changed

The guideline value for Thiruvalluvar Street (Amaravathi Nagar) has seen significant changes over the years. In the 2007 revision, the value was Rs 850 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012. However, it then decreased to Rs 2,680 per sq.ft in 2017. Following this, the value rose sharply to Rs 4,000 per sq.ft in 2023 and reached Rs 4,400 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 418%. The revisions for the years 2002 and 2003 do not have any figures listed for this street in the register.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median value is Rs 6,000 per sq.ft, which indicates that the guideline value for Thiruvalluvar Street (Amaravathi Nagar) is below this median.

• Thiruveethiammam Koil Street: Rs 4,700 per sq.ft (2024)
• Thiruvalluvar Nagar (Near Kalki Nagar): Rs 3,800 per sq.ft (2024)
• Thiru Venkada Perumal Koil Street: Rs 3,300 per sq.ft (2024)
• Thiru. VI.Ka Street: Rs 5,300 per sq.ft (2024)
• Thiruvadudurai Adhinam Nagar: Rs 5,500 per sq.ft (2024)
• Tnhb Colony: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Street (Amaravathi Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It's 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 Street (Amaravathi Nagar)?

The Sub Registrar Office that covers Thiruvalluvar Street (Amaravathi Nagar) is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Arumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are necessary for the legal transfer of property ownership. This ensures compliance with local regulations and helps avoid disputes during the registration process.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street (Amaravathi Nagar)?

The current guideline value of Thiruvalluvar Street (Amaravathi Nagar) is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 850 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an increase of 418% overall.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for Thiruvalluvar Street (Amaravathi Nagar)?

The Kodambakkam Sub Registrar Office handles registrations for Thiruvalluvar Street (Amaravathi Nagar), located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the median guideline value in Arumbakkam?

The median guideline value in Arumbakkam is Rs 6,000 per sq.ft, indicating that the value for Thiruvalluvar Street (Amaravathi Nagar) is below this median.