Guideline Value for Thiruvalluvar Nagar 3rd street

Thiruvalluvar Nagar 3rd street guideline value

The current guideline value for Thiruvalluvar Nagar 3rd street is Rs 1,400 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Class V Type - II.

How the guideline value of Thiruvalluvar Nagar 3rd street has changed

The guideline value for Thiruvalluvar Nagar 3rd street has seen several revisions over the years. The 2012 revision set the value at Rs 1,300 per sq.ft, which was then reduced to Rs 871 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,300 per sq.ft in 2023, and then to Rs 1,400 per sq.ft in 2024, marking an 8% increase from the previous year.

In terms of percentage changes, the value rose by 49% from 2017 to 2023, while it decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median value for these streets is Rs 3,600 per sq.ft, placing Thiruvalluvar Nagar 3rd street's 2024 guideline value below that median.

• Thiruvalluvar Nagar 3rd Cross Street: Rs 1,400 per sq.ft (2024)
• Thiruvalluvar Nagar 4th street: Rs 1,400 per sq.ft (2024)
• Thiruvalluvar Nagar 2nd Street: Rs 1,400 per sq.ft (2024)
• Thiruvalluvar Nagar 5th street: Rs 1,400 per sq.ft (2024)
• Thiruvalluvar Nagar 1st Street: Rs 1,400 per sq.ft (2024)
• Thiruvalluvar Nagar 6th street: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar 3rd street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, totaling Rs 1,26,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Thiruvalluvar Nagar 3rd street?

The Thiruvalluvar Nagar 3rd street falls under the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor when registering property transactions in Ambattur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are conducted at a recognized value.

When buying or selling property, the guideline value influences the stamp duty and registration fees that must be paid. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value for Thiruvalluvar Nagar 3rd street?

The current guideline value for Thiruvalluvar Nagar 3rd street is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,300 per sq.ft in 2012 to Rs 871 per sq.ft in 2017, then increased to Rs 1,300 per sq.ft in 2023, and finally to Rs 1,400 per sq.ft in 2024.

What is the land classification for Thiruvalluvar Nagar 3rd street?

Thiruvalluvar Nagar 3rd street is classified as Residential Class V Type - II.

What other streets have the same guideline value in Ambattur?

Other streets in Ambattur, such as Thiruvalluvar Nagar 3rd Cross Street, 4th street, 2nd Street, 5th street, 1st Street, and 6th street, all share the same guideline value of Rs 1,400 per sq.ft for 2024.

Where can I find the Sub Registrar Office for Thiruvalluvar Nagar 3rd street?

The Sub Registrar Office covering Thiruvalluvar Nagar 3rd street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.