Guideline Value for Thiruvalluvar Nagar 1st Street

Thiruvalluvar Nagar 1st Street guideline value

The current guideline value of Thiruvalluvar Nagar 1st Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village and falls under the Sembiam SRO. The land classification for this area is Residential Class IV 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. In 2007, the guideline value was Rs 700 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 186%. However, in 2017, the value decreased to Rs 1,340 per sq.ft, reflecting a drop of 33%. The value then rose again to Rs 2,000 per sq.ft in 2023, and most recently, it has reached Rs 2,200 per sq.ft in the 2024 revision, a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 214%.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. Thiruvalluvar Nagar 1st Street's 2024 guideline value is below this median.

• Thiruvalluvar Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Thiruvalluvar Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Thiruvalluvar Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Thiruvalluvar Nagar Extension: Rs 2,700 per sq.ft (2024)
• Thirupugal Nagar: Rs 2,700 per sq.ft (2024)
• Thirupathy Nagar North Extension Sri Karpaga Vinayagar 6th Cross Street: Rs 3,300 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 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, the total cost for these fees would be Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thiruvalluvar Nagar 1st Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 1st Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is crucial during the registration process when buying or selling property in Kolathur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized value.

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 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 700 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024. Notable changes include a rise to Rs 2,000 per sq.ft in 2012 and a decrease to Rs 1,340 per sq.ft in 2017.

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

The land classification for Thiruvalluvar Nagar 1st Street is Residential Class IV Type - I.

What are the stamp duty and registration fees for properties here?

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a property valued at Rs 22,00,000, the total fees would amount to Rs 1,98,000.

Where can I find the Sub Registrar Office for Thiruvalluvar Nagar 1st Street?

The Sub Registrar Office for Thiruvalluvar Nagar 1st Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.