Guideline Value for THIRUVUDAIYAMMAN NAGAR

Thiruvudaiyamman Nagar guideline value

The current guideline value of Thiruvudaiyamman Nagar is Rs 220 per sq.ft, effective from 1 July 2024. This area is located in Vallur village under the Thiruvottiyur SRO and is classified as Residential Class II Type - I.

How the guideline value of Thiruvudaiyamman Nagar has changed

The guideline value for Thiruvudaiyamman Nagar has undergone several revisions over the years. The earliest recorded revision is from 2017, where the value was Rs 134 per sq.ft. This figure increased to Rs 200 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 has set the value at Rs 220 per sq.ft, reflecting a further increase of 10% from the previous year.

It is important to note that there are no recorded figures for this street in the guideline value register for the years 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Vallur

In Vallur, there are 75 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 551 per sq.ft, with a median value of Rs 220 per sq.ft. Thiruvudaiyamman Nagar's 2024 figure aligns with this median.

• Tirumalai Nagar: Rs 220 per sq.ft (2024)
• Tirupathi Venkatesa Perumal Nagar: Rs 330 per sq.ft (2024)
• Vadivudaiyamman Nagar: Rs 220 per sq.ft (2024)
• Valaja Nagar: Rs 330 per sq.ft (2024)
• Velankanni Nagar: Rs 220 per sq.ft (2024)
• Sujitha Avenue: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvudaiyamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, while the registration fee at 2% would be Rs 4,400, leading to a total cost of Rs 19,800. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Thiruvudaiyamman Nagar?

The Thiruvottiyur Sub Registrar Office covers Thiruvudaiyamman Nagar. The office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions in Vallur, as it determines the amount of stamp duty and registration fees payable during the sale or purchase of a property. Buyers must consider the guideline value to ensure compliance with legal requirements and to accurately calculate the associated costs.

When registering a property, the guideline value serves as a benchmark for the minimum value at which the property can be sold. This ensures transparency in property transactions and helps in maintaining a standard valuation across the region.

Frequently asked questions

What is the current guideline value of Thiruvudaiyamman Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023, and then to Rs 220 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the land classification of Thiruvudaiyamman Nagar?

Thiruvudaiyamman Nagar is classified as Residential Class II Type - I. This classification impacts the guideline value and the types of developments permitted in the area.

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

The Sub Registrar Office covering Thiruvudaiyamman Nagar is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated for properties in Thiruvudaiyamman Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,20,000, the stamp duty at 7% would amount to Rs 15,400.