Guideline Value for Thiruvalluar NagarKamaraj street

Thiruvalluar NagarKamaraj street guideline value

The current guideline value for Thiruvalluar NagarKamaraj street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO, classified as Residential Class I Type - III.

How the guideline value of Thiruvalluar NagarKamaraj street has changed

Over the years, the guideline value of Thiruvalluar NagarKamaraj street has seen several revisions. The 2007 revision recorded a value of Rs 1,000 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012, marking a 350% rise. However, it then decreased to Rs 3,015 per sq.ft in 2017, a drop of 33%. The value then increased to Rs 4,500 per sq.ft in 2023, and finally reached Rs 4,900 per sq.ft in the 2024 revision, reflecting a 9% increase from the previous year.

From 2017 to 2023, the value surged by 49%. Overall, from 2007 to 2024, the guideline value has increased by 390%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO that carry a guideline value for 2024, ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, which is also the current value for Thiruvalluar NagarKamaraj street.

• Thiruvalluar NagarAnna Street: Rs 4,900 per sq.ft (2024)
• Thiruvalluar Nagar Solai Amman koil street: Rs 4,900 per sq.ft (2024)
• Thiruvalluar NagarAnna Cross Street: Rs 4,900 per sq.ft (2024)
• Thirupacheeswaran street: Rs 4,900 per sq.ft (2024)
• Thirumalai Raja Street: Rs 4,900 per sq.ft (2024)
• Thirumalai Raja Lane: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluar NagarKamaraj street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would amount to Rs 98,000, making the total cost for these fees Rs 4,41,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Thiruvalluar NagarKamaraj street?

The Sub Registrar Office that covers Thiruvalluar NagarKamaraj street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Ayanavaram, as it determines the minimum value at which properties can be registered. When you buy or sell a property, the registration process will reference this value to calculate applicable fees and taxes.

It is essential for buyers and sellers to be aware of the guideline value as it affects the overall cost of the transaction. Understanding this value helps in ensuring that the property is registered correctly and that the necessary fees are paid accordingly.

Frequently asked questions

What is the current guideline value of Thiruvalluar NagarKamaraj street?

The current guideline value of Thiruvalluar NagarKamaraj street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 390% over the years.

What is the median guideline value in Ayanavaram?

The median guideline value in Ayanavaram is Rs 4,900 per sq.ft, which is the same as the current value for Thiruvalluar NagarKamaraj street.

What fees are associated with buying property in Thiruvalluar NagarKamaraj street?

When buying property, you will incur a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Thiruvalluar NagarKamaraj street?

The Sub Registrar Office for Thiruvalluar NagarKamaraj street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037. You can find more information about your SRO online.