Guideline Value for Thillaiyadi Valliammai Nagar

Thillaiyadi Valliammai Nagar guideline value

The current guideline value of Thillaiyadi Valliammai Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Thillaiyadi Valliammai Nagar has changed

Over the years, the guideline value of Thillaiyadi Valliammai Nagar has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. The most recent revision in 2024 has increased the guideline value to Rs 1,300 per sq.ft, marking a 62% increase from the 2017 figure. Overall, from the 2012 revision to the 2024 revision, there has been a slight increase of 8%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 for this street. Therefore, the changes in guideline values are only reflected between the years 2012, 2017, and 2024.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. Thillaiyadi Valliammai Nagar's 2024 guideline value is below this median.

• Thillaiyadi Valliammai St ( Ward No.16): Rs 1,300 per sq.ft (2024)
• Thillai Nagar: Rs 1,300 per sq.ft (2024)
• Thirumalai Nagar 1st Cross st ( Ward No.24): Rs 2,700 per sq.ft (2024)
• Thirumalai Nagar 1st Main Road (Ward 24): Rs 2,700 per sq.ft (2024)
• Thirumalai Nagar 1st St,Ponniammanmedu (Ward-24): Rs 2,700 per sq.ft (2024)
• Thirumalai Nagar 2nd Cross st ( Ward No.24): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Thillaiyadi Valliammai Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. Please 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 Thillaiyadi Valliammai Nagar?

The Sub Registrar Office that covers Thillaiyadi Valliammai Nagar is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are based on a standardized valuation of the property.

When a property is sold, the guideline value helps to establish the minimum value for which the property can be registered. This ensures transparency in transactions and helps prevent undervaluation of properties during the registration process.

Frequently asked questions

What is the current guideline value of Thillaiyadi Valliammai Nagar?

The current guideline value of Thillaiyadi Valliammai Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, and then increased to Rs 1,300 per sq.ft in 2024. This reflects a 62% increase from 2017 to 2024 and an overall increase of 8% from 2012 to 2024.

Are there any years without guideline values for Thillaiyadi Valliammai Nagar?

Yes, the register has no figures for the years 2002, 2003, 2007, and 2023 for Thillaiyadi Valliammai Nagar.

What is the median guideline value in Madhavaram?

The median guideline value in Madhavaram is Rs 1,600 per sq.ft, which means that Thillaiyadi Valliammai Nagar's 2024 value of Rs 1,300 per sq.ft is below this median.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees using the stamp duty and registration fee calculator.