Guideline Value for Thiruvalluvar City III

Thiruvalluvar City III guideline value

The current guideline value of Thiruvalluvar City III is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Mangadu -A village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Thiruvalluvar City III has changed

The guideline value for Thiruvalluvar City III has undergone several revisions over the years. In 2017, the value was set at Rs 1,340 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 saw the guideline value further increase to Rs 2,200 per sq.ft, reflecting a 10% change from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangadu -A

In Mangadu -A, there are a total of 208 streets that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,870 per sq.ft, placing Thiruvalluvar City III's 2024 figure above that median.

• Thiruvalluvar City II: Rs 2,200 per sq.ft (2024)
• Thiruvalluvar City I: Rs 2,200 per sq.ft (2024)
• Thirupathy Nagar: Rs 1,980 per sq.ft (2024)
• Thiruvenkadam Avenue: Rs 1,320 per sq.ft (2024)
• Therkku Theru (West Street): Rs 1,540 per sq.ft (2024)
• Thoppu Street: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar City III

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluvar City III?

The Sub Registrar Office that covers Thiruvalluvar City III is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value plays a crucial role during the registration of property transactions in Mangadu -A. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable charges. This ensures that the registration process is transparent and reflects the current market conditions.

Frequently asked questions

What is the current guideline value for Thiruvalluvar City III?

The current guideline value for Thiruvalluvar City III is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, reflecting a total increase of 64% over these years.

What is the land classification for Thiruvalluvar City III?

Thiruvalluvar City III is classified as Residential Special Type - I, which indicates the type of development permitted in the area.

Where can I find the registration office for Thiruvalluvar City III?

The registration office for Thiruvalluvar City III is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated in Thiruvalluvar City III?

Stamp duty in Thiruvalluvar City III is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 22,00,000, the stamp duty at 7% would be Rs 1,54,000.