Guideline Value for Thiruvalluar Street (Ashok Nagar)

Thiruvalluar Street (Ashok Nagar) guideline value

The current guideline value of Thiruvalluar Street (Ashok Nagar) is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Kovilpathagai village, under the Ambattur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Thiruvalluar Street (Ashok Nagar) has changed

The guideline value for Thiruvalluar Street (Ashok Nagar) has seen several revisions over the years. The earliest recorded figure in the register is from 2012, where the value was Rs 800 per sq.ft. This was followed by a decrease to Rs 536 per sq.ft in 2017. The value then increased significantly to Rs 800 per sq.ft in 2023, and currently stands at Rs 880 per sq.ft as of the 2024 revision, marking a 10% increase from the previous year.

Between 2012 and 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value in this village is Rs 870 per sq.ft, placing Thiruvalluar Street's current value above this median.

• Thiruvalluar Street: Rs 880 per sq.ft (2024)
• Thirumullai Vayil Road: Rs 1,200 per sq.ft (2024)
• Thampaatti Nagar: Rs 805 per sq.ft (2024)
• Thalaimai Chailaga Nagar Extn: Rs 806 per sq.ft (2024)
• Thalaimai Chailaga Nagar Annex: Rs 1,200 per sq.ft (2024)
• Thalaimai Chailaga Nagar: Rs 806 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluar Street (Ashok Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600. Together, the total cost for stamp duty and registration fee would be Rs 79,200. It is important to note that duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluar Street (Ashok Nagar)?

The Sub Registrar Office that covers Thiruvalluar Street (Ashok Nagar) is the Ambattur Sub Registrar Office. The address is Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an important factor during the registration of property transactions in Kovilpathagai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is sold or purchased.

When buying or selling property, the guideline value is used to assess the minimum value on which the stamp duty is calculated. This ensures that the government receives the appropriate revenue from property transactions, reflecting the current market conditions as per the guideline values set by the Registration Department.

Frequently asked questions

What is the current guideline value of Thiruvalluar Street (Ashok Nagar)?

The current guideline value of Thiruvalluar Street (Ashok Nagar) is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification for Thiruvalluar Street (Ashok Nagar)?

Thiruvalluar Street (Ashok Nagar) is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Thiruvalluar Street (Ashok Nagar)?

The Sub Registrar Office for Thiruvalluar Street (Ashok Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the median guideline value in Kovilpathagai?

The median guideline value in Kovilpathagai is Rs 870 per sq.ft, which is slightly lower than the current guideline value of Thiruvalluar Street (Ashok Nagar) at Rs 880 per sq.ft.