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Guideline Value

Corporate

Guideline Value for Thiruvalluvar 3rd Street lane

₹4950/sq.ft.

The guideline value for Thiruvalluvar 3rd Street Lane in Nesapakkam village (Virugambakkam SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nesapakkam

Village

Virugambakkam

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹4950 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Thiruvalluvar 3rd Street Lane

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Thiruvalluvar 3rd Street lane guideline value

The current guideline value for Thiruvalluvar 3rd Street lane is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Nesapakkam village and falls under the Virugambakkam SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Thiruvalluvar 3rd Street lane has changed

In the 2012 revision, the guideline value was Rs 4,500 per sq.ft. This was followed by a decrease to Rs 3,015 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 4,500 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 set the value at Rs 4,950 per sq.ft, which is a 10% increase from the previous year.

The register does not contain figures for the years 2002, 2003, and 2007 for Thiruvalluvar 3rd Street lane. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Nesapakkam

Nesapakkam has 148 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,200 to Rs 7,150 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, placing Thiruvalluvar 3rd Street lane above that median.

Stamp duty and registration fee for property in Thiruvalluvar 3rd Street lane

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, making the total fees together Rs 4,45,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Thiruvalluvar 3rd Street lane?

The Sub Registrar Office that covers Thiruvalluvar 3rd Street lane 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 details.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Nesapakkam, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process. Understanding this value helps in making informed decisions regarding property transactions.

Frequently asked questions

What is the current guideline value of Thiruvalluvar 3rd Street lane?

The current guideline value of Thiruvalluvar 3rd Street lane is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes: from Rs 4,500 in 2012 to Rs 3,015 in 2017, then back to Rs 4,500 in 2023, and finally to Rs 4,950 in 2024.

What is the land classification for Thiruvalluvar 3rd Street lane?

The land classification for Thiruvalluvar 3rd Street lane is Residential Special Type - I.

Where can I find the registration office for Thiruvalluvar 3rd Street lane?

The registration office for Thiruvalluvar 3rd Street lane is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for property in Thiruvalluvar 3rd Street lane?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 49,50,000, the stamp duty would be Rs 3,46,500 at a rate of 7%.