Guideline Value for Thiruvalluvar Nagar 1th Street

Thiruvalluvar Nagar 1th Street guideline value

The current guideline value of Thiruvalluvar Nagar 1th Street is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village under the Thirukazhukundram SRO. The land classification for this area is Residential Class I Type - III.

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

As per the guideline value register, the figures for Thiruvalluvar Nagar 1th Street have remained consistent at Rs 600 per sq.ft for the revisions in 2023 and 2024. Prior to this, the 2017 revision recorded a guideline value of Rs 402 per sq.ft. This indicates a significant increase of 49% from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

The register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only revisions with recorded figures are from 2017, 2023, and 2024, where the guideline value has remained unchanged from 2023 to 2024.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,344 per sq.ft. The median value is Rs 600 per sq.ft, which is equal to the current guideline value of Thiruvalluvar Nagar 1th Street.

• Thiruvalluvar Nagar 2th Street: Rs 600 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 600 per sq.ft (2024)
• Thiruvalluvar Nagar 3th Street: Rs 600 per sq.ft (2024)
• Thiruvalluvar Nagar 5th Street: Rs 600 per sq.ft (2024)
• Thirupurasundari Street: Rs 300 per sq.ft (2024)
• Thiruppur Kumarn Nagar 2nd Street: Rs 600 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, making the total fees Rs 54,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thiruvalluvar Nagar 1th Street?

The Thirukazhukundram Sub Registrar Office covers Thiruvalluvar Nagar 1th Street. The office is located at Thiruchengode - 637 211 in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration of property transactions in Thirukalukundrem A. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the legal valuation of the property. This value is used for calculating the necessary fees, which are based on the higher of the guideline value or the sale price.

Frequently asked questions

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

The current guideline value of Thiruvalluvar Nagar 1th Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft for the revisions in 2023 and 2024. It increased from Rs 402 per sq.ft in 2017, marking a 49% increase over that period.

What is the median guideline value in Thirukalukundrem A?

The median guideline value in Thirukalukundrem A is Rs 600 per sq.ft, which is the same as the current guideline value for Thiruvalluvar Nagar 1th Street.

What fees are associated with buying property in Thiruvalluvar Nagar 1th Street?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000 in fees.

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

The Thirukazhukundram Sub Registrar Office is located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find more details online.