Guideline Value for Thiruvalluvar Nagar 2nd Street

Thiruvalluvar Nagar 2nd Street guideline value

The current guideline value of Thiruvalluvar Nagar 2nd Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, and it falls under the Residential Class I Type - I land classification.

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

The guideline value for Thiruvalluvar Nagar 2nd Street has undergone several revisions over the years. In the 2012 revision, the guideline value was Rs 2,200 per sq.ft. This figure decreased to Rs 1,474 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2024, the value increased significantly by 63% to reach the current rate of Rs 2,400 per sq.ft.

There are no figures available for the years 2023, 2007, 2003, and 2002 in the register for this street. Overall, when comparing the 2012 revision to the current 2024 figure, there has been a slight increase of 9% in the guideline value.

Guideline values in Thirumullaivoyal

Thirumullaivoyal village has a total of 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for the village is Rs 2,400 per sq.ft, which is equal to the current guideline value for Thiruvalluvar Nagar 2nd Street.

• Thiruvalluvar Nagar 3rd Street: Rs 2,400 per sq.ft (2024)
• Thiruvalluvar Nagar 1st Street: Rs 2,400 per sq.ft (2024)
• Thiruvalluvar Nagar 4th Street: Rs 2,400 per sq.ft (2024)
• Thiruvalluvar Nagar 14th Street: Rs 2,400 per sq.ft (2024)
• Thiruvalluvar Nagar 5th Street: Rs 2,400 per sq.ft (2024)
• Thiruvalluvar Nagar 13th Street: Rs 2,400 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 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, making the total cost Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluvar Nagar 2nd Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 2nd 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 Thirumullaivoyal

The guideline value plays a crucial role during the registration process of property transactions in Thirumullaivoyal. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling a property.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

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 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, and then increased to Rs 2,400 per sq.ft in 2024.

What is the range of guideline values in Thirumullaivoyal?

The guideline values in Thirumullaivoyal range from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft.

What are the stamp duty and registration fees for a property in Thiruvalluvar Nagar 2nd Street?

For a 1,000 sq.ft plot, the stamp duty would be Rs 1,68,000 and the registration fee would be Rs 48,000, totaling Rs 2,16,000.

Where is the Sub Registrar Office for Thiruvalluvar Nagar 2nd Street located?

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