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Guideline Value

Corporate

Guideline Value for Thiruvalluvar Main Road 3rd Street

₹3900/sq.ft.

The guideline value for Thiruvalluvar Main Road 3rd Street in Adambakkam village (Alandur SRO, Chennai zone) is Rs 3900 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Adambakkam

Village

Alandur

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹3900 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹900 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹341 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹299 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[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 Main Road 3rd Street

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Thiruvalluvar Main Road 3rd Street guideline value

The current guideline value of Thiruvalluvar Main Road 3rd Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village, under the Alandur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Thiruvalluvar Main Road 3rd Street has changed

The guideline value for Thiruvalluvar Main Road 3rd Street has undergone several revisions over the years. The earliest registered figure is from 2002, which was Rs 299 per sq.ft. This value increased to Rs 341 per sq.ft in 2003, marking a 14% rise. The value saw a significant jump to Rs 900 per sq.ft in 2007, reflecting a 164% increase. In 2012, the guideline value was Rs 3,500 per sq.ft, which was a substantial increase of 289% from the previous figure. However, it decreased to Rs 2,345 per sq.ft in 2017, showing a decline of 33%.

From 2017 to 2023, the guideline value rose significantly to Rs 3,500 per sq.ft, reflecting a 49% increase. The most recent revision in 2024 set the guideline value at Rs 3,900 per sq.ft, which is an 11% increase from the 2023 figure. It is important to note that there are no other revisions listed for this street in the register.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, which is equal to the current guideline value of Thiruvalluvar Main Road 3rd Street.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total fees together to Rs 3,51,000. 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 Main Road 3rd Street?

The Thiruvalluvar Main Road 3rd Street falls under the jurisdiction of the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Adambakkam. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that the transaction is recorded accurately.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value for Thiruvalluvar Main Road 3rd Street?

The current guideline value for Thiruvalluvar Main Road 3rd Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 299 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, representing an overall increase of 1204% over the years.

What is the classification of Thiruvalluvar Main Road 3rd Street?

This street is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Thiruvalluvar Main Road 3rd Street is the Alandur SRO, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the same. For accurate calculations, a stamp duty and registration fee calculator can be used.