Guideline Value for Thiruvalluvar Nagar 1st Street (Slum Clearance Board)

Thiruvalluvar Nagar 1st Street (Slum Clearance Board) guideline value

The current guideline value of Thiruvalluvar Nagar 1st Street (Slum Clearance Board) is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Aminjikarai village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Thiruvalluvar Nagar 1st Street (Slum Clearance Board) has changed

The guideline value for Thiruvalluvar Nagar 1st Street has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012. However, in 2017, the value decreased to Rs 2,345 per sq.ft. The 2023 revision saw a substantial increase to Rs 3,500 per sq.ft, followed by the latest 2024 revision, which set the value at Rs 3,800 per sq.ft.

In summary, the changes between revisions indicate a +250% increase from 2007 to 2012, a -33% decrease from 2012 to 2017, a +49% increase from 2017 to 2023, and a +9% increase from 2023 to 2024. The overall increase from 2007 to 2024 is +280%. Notably, the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Aminjikarai

Aminjikarai village has 99 streets under the AnnaNagar SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Thiruvalluvar Nagar 1st Street's 2024 figure below that median.

• Thiruveethi Amman Koil 1st Lane: Rs 4,400 per sq.ft (2024)
• Thiruveethi Amman Koil 2nd Lane: Rs 4,400 per sq.ft (2024)
• Thiru Veethi Amman Koil Street: Rs 4,400 per sq.ft (2024)
• T.P. Chathiram 10th Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram 11th Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram 12th Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar 1st Street (Slum Clearance Board)

For a 1,000 sq.ft plot at the current rate of Rs 3,800 per sq.ft, the guideline value amounts to Rs 38,00,000. The stamp duty at 7% is Rs 2,66,000, and the registration fee at 2% is Rs 76,000, totaling Rs 3,42,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Nagar 1st Street (Slum Clearance Board)?

The Sub Registrar Office that covers Thiruvalluvar Nagar 1st Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Aminjikarai. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

Additionally, the guideline value influences the stamp duty and registration fees payable during the transaction. This ensures that both buyers and sellers are aware of the costs involved based on the established guideline value for the specific property.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 1st Street?

The current guideline value of Thiruvalluvar Nagar 1st Street (Slum Clearance Board) is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of +280% over the years.

What is the land classification for Thiruvalluvar Nagar 1st Street?

The land classification for Thiruvalluvar Nagar 1st Street is Residential Class III Type - II.

Where is the Sub Registrar Office located?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is the stamp duty calculated for properties in Thiruvalluvar Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. A registration fee of 2% is also applicable.