Guideline Value for Thandavamurthy Nagar - Narayanasamy Street

Thandavamurthy Nagar - Narayanasamy Street guideline value

The current guideline value of Thandavamurthy Nagar - Narayanasamy Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village under the Virugambakkam SRO, classified as Residential Class I Type - II.

How the guideline value of Thandavamurthy Nagar - Narayanasamy Street has changed

The guideline value for Thandavamurthy Nagar - Narayanasamy Street has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 750 per sq.ft. It increased significantly to Rs 4,000 per sq.ft in 2012, marking a substantial rise of 433%. However, the value then decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. The 2023 revision brought it back up to Rs 4,000 per sq.ft, and the latest revision in 2024 has set the value at Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from the 2007 revision to the current 2024 figure, the guideline value has risen by 487%. It is important to note that there are no figures available for the revisions in 2002 and 2003.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median value is Rs 3,850 per sq.ft, and Thandavamurthy Nagar - Narayanasamy Street's 2024 figure is above this median.

• Thandavamurthy Nagar 2nd Street: Rs 4,400 per sq.ft (2024)
• Thandavamurthy Nagar - Visalakshi Street: Rs 4,400 per sq.ft (2024)
• Tahore Street: Rs 3,850 per sq.ft (2024)
• Suresh Nagar Main Road: Rs 3,850 per sq.ft (2024)
• Suresh Nagar 4th Street: Rs 3,850 per sq.ft (2024)
• Suresh Nagar 3rd Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Thandavamurthy Nagar - Narayanasamy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Thandavamurthy Nagar - Narayanasamy Street?

The Sub Registrar Office that covers Thandavamurthy Nagar - Narayanasamy Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When purchasing property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency and accountability within the real estate market. Buyers should be aware that the guideline value can influence the overall cost of purchasing property in this area.

Frequently asked questions

What is the current guideline value of Thandavamurthy Nagar - Narayanasamy Street?

The current guideline value of Thandavamurthy Nagar - Narayanasamy Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 750 per sq.ft to Rs 4,400 per sq.ft in 2024, marking a total increase of 487% over the years.

What is the stamp duty for property in Thandavamurthy Nagar - Narayanasamy Street?

The stamp duty for property in Thandavamurthy Nagar - Narayanasamy Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Thandavamurthy Nagar - Narayanasamy Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for Thandavamurthy Nagar - Narayanasamy Street?

The land classification for Thandavamurthy Nagar - Narayanasamy Street is Residential Class I Type - II.