Guideline Value for Thiruvalluvar 3rd Street

Thiruvalluvar 3rd Street guideline value

The current guideline value of Thiruvalluvar 3rd Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Nesapakkam village, under the Virugambakkam SRO, and is classified as Residential Special Type - I.

How the guideline value of Thiruvalluvar 3rd Street has changed

Over the years, the guideline value for Thiruvalluvar 3rd Street has seen several revisions. The 2012 revision set the value at Rs 4,500 per sq.ft, which was then reduced to Rs 3,015 per sq.ft in the 2017 revision. Following this, the value increased to Rs 4,500 per sq.ft in 2023, and the most recent revision in 2024 raised it to Rs 4,950 per sq.ft. Notably, there are no figures for this street in the revisions for 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased significantly by 49%. The revision from 2023 to 2024 shows a growth of 10%. Overall, comparing the figures from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Nesapakkam

Nesapakkam village has a total of 148 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 7,150 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Thiruvalluvar 3rd Street's 2024 value above this median.

• Thiruvalluvar 3rd Street lane: Rs 4,950 per sq.ft (2024)
• Thiruvalluvar 2nd Street: Rs 4,950 per sq.ft (2024)
• Thiruvalluvar 1st Street: Rs 4,950 per sq.ft (2024)
• Thiruvalluvar Road: Rs 4,950 per sq.ft (2024)
• Thiruvalluvar Street: Rs 4,950 per sq.ft (2024)
• Thulasi Ammal Street: Rs 2,750 per sq.ft (2024)

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

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, bringing the total fees to 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.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluvar 3rd Street?

The Sub Registrar Office that covers Thiruvalluvar 3rd Street 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 the registration of property transactions in Nesapakkam. It determines the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the baseline value of the property. It is essential for buyers to be aware of this value to ensure they are making informed decisions during the transaction process.

Frequently asked questions

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

The current guideline value of Thiruvalluvar 3rd Street 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 changed from Rs 4,500 per sq.ft in 2012 to Rs 3,015 per sq.ft in 2017, then to Rs 4,500 per sq.ft in 2023, and finally to Rs 4,950 per sq.ft in 2024.

What is the land classification for Thiruvalluvar 3rd Street?

Thiruvalluvar 3rd Street is classified as Residential Special Type - I under the guideline value register.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Thiruvalluvar 3rd Street is 7% of the guideline value or the sale price, whichever is higher.

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

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