Guideline Value for Thiruvalluvar Nagar 1st Street

Thiruvalluvar Nagar 1st Street guideline value

The current guideline value of Thiruvalluvar Nagar 1st 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 1st Street has changed

In the 2012 revision, the guideline value was Rs 1,300 per sq.ft. It then decreased to Rs 871 per sq.ft in the 2017 revision, a drop of 33%. Following this, the value increased significantly to Rs 1,300 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,400 per sq.ft, which is an 8% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen an increase of 8%.

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. Thiruvalluvar Nagar 1st Street's 2024 guideline value is below this median.

• Thiruvalluvar Nagar 2nd Street: Rs 1,400 per sq.ft (2024)
• Thiruvalluvar Nagar 3rd Cross Street: Rs 1,400 per sq.ft (2024)
• Thiruvalluvar Nagar 3rd street: Rs 1,400 per sq.ft (2024)
• Thiruvalluvar Nagar 4th street: Rs 1,400 per sq.ft (2024)
• Thiruvalluvar Main Road (ramapuram): Rs 3,600 per sq.ft (2024)
• Thiruvalluvar Nagar 5th street: Rs 1,400 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 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. 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 further calculations.

Which Sub Registrar Office covers Thiruvalluvar Nagar 1st Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 1st 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 plays a crucial role in the registration process of property transactions in Ambattur. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that all property transactions are recorded at a fair value.

When buying or selling property, it is essential to refer to the current guideline value to understand the associated costs. This value is updated periodically, reflecting changes in the real estate market and local developments.

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 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 land classification for Thiruvalluvar Nagar 1st Street?

Thiruvalluvar Nagar 1st Street is classified as Residential Class V Type - II.

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

The Sub Registrar Office for Thiruvalluvar Nagar 1st Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 98,000.