Guideline Value for Thiruvalluvar City II

Thiruvalluvar City II guideline value

The current guideline value of Thiruvalluvar City II 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 II has changed

In the most recent revision, the guideline value for Thiruvalluvar City II increased to Rs 2,200 per sq.ft in 2024, up from Rs 2,000 per sq.ft in 2023. This change represents a 10% increase. Prior to this, the guideline value was Rs 1,340 per sq.ft in 2017, marking a significant rise of 49% over the six-year period from 2017 to 2023. The overall increase from 2017 to 2024 is 64%.

The register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only revisions available are from 2017, 2023, and the current 2024 revision.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO 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 II above this median.

• Thiruvalluvar City I: Rs 2,200 per sq.ft (2024)
• Thiruvalluvar City III: 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 II

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, bringing the total cost to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thiruvalluvar City II?

The Sub Registrar Office covering Thiruvalluvar City II is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during property registration in Mangadu -A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the duty is charged on whichever amount is higher. This ensures that the government receives appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Thiruvalluvar City II?

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

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024, which is an overall increase of 64%. The most recent change was a 10% increase from 2023 to 2024.

What is the median guideline value for streets in Mangadu -A?

The median guideline value for the 208 streets in Mangadu -A is Rs 1,870 per sq.ft. Thiruvalluvar City II's value is above this median.

What are the registration fees for property in Thiruvalluvar City II?

For a property valued at Rs 22,00,000, the stamp duty is Rs 1,54,000 at 7%, and the registration fee is Rs 44,000 at 2%, totaling Rs 1,98,000.

Where can I find the Sub Registrar Office for Thiruvalluvar City II?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can also find your SRO online for more information.