Guideline Value for Thiruvalluvar Nagar 5th street

Thiruvalluvar Nagar 5th street guideline value

The current guideline value of Thiruvalluvar Nagar 5th 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 5th street has changed

The guideline value for Thiruvalluvar Nagar 5th street has seen several revisions over the years. In 2012, the guideline value was Rs 1,300 per sq.ft, which then decreased 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 further rose to the current figure of Rs 1,400 per sq.ft in 2024, marking an 8% increase from the previous year.

From the 2017 revision to 2023, there was a notable increase of 49%. 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, with a median value of Rs 3,600 per sq.ft. The guideline value for Thiruvalluvar Nagar 5th street is below this median.

• Thiruvalluvar Nagar 6th street: Rs 1,400 per sq.ft (2024)
• Thiruvalluvar Nagar 4th street: Rs 1,400 per sq.ft (2024)
• Thiruvalluvar Nagar 7th Street: Rs 1,400 per sq.ft (2024)
• Thiruvalluvar Nagar 8th Street: Rs 1,400 per sq.ft (2024)
• Thiruvalluvar Nagar Ambedkar Street: Rs 1,400 per sq.ft (2024)
• Thiruvalluvar Nagar Bhagath Singh St.: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar 5th street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total fees to Rs 1,26,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Thiruvalluvar Nagar 5th street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 5th 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 further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Ambattur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the registration fees and stamp duties are calculated based on this value.

When buying or selling property, the guideline value is referenced to ensure compliance with local regulations. It is essential for both buyers and sellers to be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 5th street?

The current guideline value of Thiruvalluvar Nagar 5th 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 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 5th street?

Thiruvalluvar Nagar 5th street is classified as Residential Class V Type - II.

What is the median guideline value in Ambattur?

The median guideline value for streets in Ambattur is Rs 3,600 per sq.ft, while Thiruvalluvar Nagar 5th street's guideline value is below this median.

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

The Sub Registrar Office for Thiruvalluvar Nagar 5th street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.