Guideline Value for Thiruvalluvar Nagar 1st Street

Thiruvalluvar Nagar 1st Street guideline value

The current guideline value of Thiruvalluvar Nagar 1st Street is Rs 6,100 per sq.ft, effective from 1 July 2024. This street is located in Urur village under the Adayar SRO, classified as Residential Class III Type - I.

How the guideline value of Thiruvalluvar Nagar 1st Street has changed

The guideline value for Thiruvalluvar Nagar 1st Street has undergone several revisions over the years. The earliest available figure is from the 2012 revision, which was Rs 5,500 per sq.ft. This value decreased to Rs 3,685 per sq.ft in the 2017 revision, marking a drop of 33%. However, in the 2023 revision, the value increased significantly to Rs 5,500 per sq.ft, and then rose again to Rs 6,100 per sq.ft in the 2024 revision, reflecting an increase of 11% from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%.

Guideline values in Urur

In Urur, there are 176 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 15,400 per sq.ft, with a median value of Rs 6,600 per sq.ft. The guideline value for Thiruvalluvar Nagar 1st Street is below this median.

• Thiruvalluvar Nagar 2nd Street: Rs 6,100 per sq.ft (2024)
• Thiruvalluvar Nagar 3rd Street: Rs 6,100 per sq.ft (2024)
• Thiruvalluvar Nagar 4th Street: Rs 6,100 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 6,100 per sq.ft (2024)
• Thinakothan Road: Rs 4,400 per sq.ft (2024)
• Theni Thottam: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,100 per sq.ft, the total guideline value would be Rs 61,00,000. The stamp duty at 7% would amount to Rs 4,27,000, and the registration fee at 2% would be Rs 1,22,000, bringing the total fees to Rs 5,49,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Nagar 1st Street?

The Thiruvalluvar Nagar 1st Street is covered by the Adayar Sub Registrar Office located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Urur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are 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 1st Street?

The current guideline value of Thiruvalluvar Nagar 1st Street is Rs 6,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,500 per sq.ft in 2012 to Rs 3,685 per sq.ft in 2017, then to Rs 5,500 per sq.ft in 2023, and finally to Rs 6,100 per sq.ft in 2024.

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

Thiruvalluvar Nagar 1st Street is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 61,00,000, the stamp duty would be Rs 4,27,000 and the registration fee would be Rs 1,22,000, totaling Rs 5,49,000.

Which Sub Registrar Office is responsible for Thiruvalluvar Nagar 1st Street?

The Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, is responsible for this area.