Guideline Value for Thiruvallur Nagar

Thiruvallur Nagar guideline value

The current guideline value of Thiruvallur Nagar is Rs 160 per sq.ft, effective from 1 July 2024. This area is located in Periyapalayam village, under the Arani_Tiruvallur SRO, classified as Residential Class IV Type - I.

How the guideline value of Thiruvallur Nagar has changed

The guideline value for Thiruvallur Nagar has seen several revisions over the years. In 2007, the value was Rs 100 per sq.ft, which increased to Rs 160 per sq.ft in 2012, marking a 60% rise. However, from 2012 to 2017, the value decreased by 33% to Rs 107 per sq.ft. The subsequent revision in 2023 brought the value back up to Rs 160 per sq.ft, and the latest revision in 2024 maintained this figure, showing no change from the previous year.

There are no figures available for the years 2002 and 2003 for this street in the register. Overall, from 2007 to 2024, the guideline value has increased by 60%.

Guideline values in Periyapalayam

In Periyapalayam, there are 31 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 160 to Rs 600 per sq.ft, with a median value of Rs 200 per sq.ft. Thiruvallur Nagar's guideline value of Rs 160 per sq.ft is below this median.

• Thottakkara Street: Rs 200 per sq.ft (2024)
• Sri Vari Nagar: Rs 200 per sq.ft (2024)
• Sri Sakthi Avenue: Rs 200 per sq.ft (2024)
• Sri Balaji Nagar: Rs 200 per sq.ft (2024)
• Royal Diamond City: Rs 402 per sq.ft (2024)
• R.K. Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvallur Nagar

For a 1,000 sq.ft plot at the current rate of Rs 160 per sq.ft, the guideline value amounts to Rs 1,60,000. The stamp duty at 7% would be Rs 11,200, while the registration fee at 2% would be Rs 3,200, bringing the total to Rs 14,400. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvallur Nagar?

The Sub Registrar Office that covers Thiruvallur Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a critical role during the registration of property transactions in Periyapalayam. It is used to determine the stamp duty and registration fees that must be paid, ensuring that the transaction is recorded at a fair value as per government regulations.

When buying or selling property, the guideline value helps in establishing a baseline for the transaction price. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Thiruvallur Nagar?

The current guideline value of Thiruvallur Nagar is Rs 160 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 160 per sq.ft in 2012, then decreased to Rs 107 per sq.ft in 2017, and returned to Rs 160 per sq.ft in 2023 and 2024.

What are the stamp duty and registration fees for property in Thiruvallur Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 1,60,000, the total fees would be Rs 14,400.

Which Sub Registrar Office covers Thiruvallur Nagar?

The Arani_Tiruvallur Sub Registrar Office covers Thiruvallur Nagar, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone.

What is the land classification of Thiruvallur Nagar?

Thiruvallur Nagar is classified as Residential Class IV Type - I, indicating its suitability for residential development.