Guideline Value for Thiruvalluvar Nagar 2nd Street

Thiruvalluvar Nagar 2nd Street guideline value

The current guideline value for Thiruvalluvar Nagar 2nd Street is Rs 6,100 per sq.ft, effective from 1 July 2024. This street is located in Adayar village, under the Adayar SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Thiruvalluvar Nagar 2nd Street has changed

The guideline value for Thiruvalluvar Nagar 2nd Street has seen several revisions over the years. In 2007, the guideline value was Rs 2,500 per sq.ft, which increased to Rs 5,500 per sq.ft in 2012, marking a significant rise of 120%. However, this value decreased to Rs 3,685 per sq.ft in 2017, a drop of 33%. The guideline value then increased to Rs 5,500 per sq.ft in 2023, followed by a further increase to Rs 6,100 per sq.ft in 2024, reflecting an 11% rise.

Overall, from 2007 to 2024, the guideline value has increased by 144%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Adayar

In Adayar, there are 92 streets under the Adayar SRO that carry a guideline value for 2024, ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value for these streets is Rs 6,100 per sq.ft, which is equal to the current guideline value for Thiruvalluvar Nagar 2nd Street.

• Thiruvalluvar Nagar 3rd Street: Rs 6,100 per sq.ft (2024)
• Thiruvalluvar Nagar 1st Street: Rs 6,100 per sq.ft (2024)
• Thiruvalluvar Nagar 4th Street: Rs 6,100 per sq.ft (2024)
• Thiru.Vi.Ka. Industrial Estate: Rs 7,200 per sq.ft (2024)
• Thulukkanathamman Kovil Street: Rs 6,600 per sq.ft (2024)
• Thandayudapani Nagar: Rs 9,400 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar 2nd 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 be Rs 4,27,000, and the registration fee at 2% would be Rs 1,22,000, bringing the total to Rs 5,49,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Nagar 2nd Street?

The Thiruvalluvar Nagar 2nd 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 further assistance.

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

The guideline value is a crucial factor when buying or selling property in Adayar, as it determines the minimum value at which a property can be registered. It is used to calculate the stamp duty and registration fees that buyers must pay during the transaction.

When a property is sold, the guideline value serves as a benchmark for the sale price. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price. Conversely, if the sale price is lower, the guideline value will be used for duty calculations.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 2nd Street?

The current guideline value of Thiruvalluvar Nagar 2nd 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 2,500 per sq.ft in 2007 to Rs 6,100 per sq.ft in 2024, reflecting an overall increase of 144% over the years.

What are the stamp duty and registration fees for this street?

For a property of 1,000 sq.ft at the current guideline value, the total guideline value would be 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 covers Thiruvalluvar Nagar 2nd Street?

The Adayar Sub Registrar Office covers Thiruvalluvar Nagar 2nd Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the land classification for Thiruvalluvar Nagar 2nd Street?

The land classification for Thiruvalluvar Nagar 2nd Street is Residential Class II Type - I.