Guideline Value for Thiruvalluvar Nagar 4th street

Thiruvalluvar Nagar 4th street guideline value

The current guideline value of Thiruvalluvar Nagar 4th 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 falls under the Residential Class V Type - II land classification.

How the guideline value of Thiruvalluvar Nagar 4th street has changed

The guideline value for Thiruvalluvar Nagar 4th street has seen several revisions over the years. In 2012, the guideline value was Rs 1,300 per sq.ft, which decreased to Rs 871 per sq.ft in 2017. Following this, the value rose 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. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Looking at the changes, from 2017 to 2023, there was a notable increase of 49%. However, from 2012 to 2017, the value decreased by 33%. It is important to note that 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, with a median value of Rs 3,600 per sq.ft. The guideline value for Thiruvalluvar Nagar 4th street is below this median.

• Thiruvalluvar Nagar 5th street: Rs 1,400 per sq.ft (2024)
• Thiruvalluvar Nagar 3rd street: Rs 1,400 per sq.ft (2024)
• Thiruvalluvar Nagar 3rd Cross Street: Rs 1,400 per sq.ft (2024)
• Thiruvalluvar Nagar 6th street: Rs 1,400 per sq.ft (2024)
• Thiruvalluvar Nagar 7th Street: Rs 1,400 per sq.ft (2024)
• Thiruvalluvar Nagar 2nd Street: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar 4th street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total 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, bringing the total to 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 details.

Which Sub Registrar Office covers Thiruvalluvar Nagar 4th street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 4th street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Ambattur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is in accordance with government regulations.

When buying or selling property, the guideline value impacts the stamp duty and registration fees that need to be paid. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price, which can significantly affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 4th street?

The current guideline value of Thiruvalluvar Nagar 4th 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 from Rs 1,300 per sq.ft in 2012 to Rs 871 per sq.ft in 2017, then to Rs 1,300 per sq.ft in 2023, and finally to Rs 1,400 per sq.ft in 2024.

What is the registration fee for property in Thiruvalluvar Nagar 4th street?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 14,00,000, the registration fee would be Rs 28,000.

Where is the Sub Registrar Office for Thiruvalluvar Nagar 4th street located?

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

How does the guideline value affect property transactions in Ambattur?

The guideline value is used to determine the minimum registration value of a property, which affects the stamp duty and registration fees. Buyers must pay these fees based on the higher of the guideline value or the sale price during the registration process.