Guideline Value for Thiruvalluvar Nagar 2nd lane

Thiruvalluvar Nagar 2nd lane guideline value

The current guideline value of Thiruvalluvar Nagar 2nd lane is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village, under the jurisdiction of the Alandur SRO. The land classification for this area is Residential Class I Type - III.

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

Over the years, the guideline value of Thiruvalluvar Nagar 2nd lane has seen several revisions. The earliest recorded figure is from 2012, which was Rs 3,500 per sq.ft. This was followed by a decrease to Rs 2,345 per sq.ft in 2017. The 2023 revision increased the value to Rs 3,500 per sq.ft again. The most recent revision in 2024 has set the guideline value at Rs 3,900 per sq.ft.

From 2017 to 2023, there was a significant increase of 49%. The value then increased by 11% from 2023 to 2024. Overall, comparing the figures from 2012 to 2024, there has been an increase of 11% in the guideline value. The register does not provide figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Adambakkam

In Adambakkam, there are a total of 569 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value among these streets is Rs 3,900 per sq.ft, which is equal to the current guideline value of Thiruvalluvar Nagar 2nd lane.

• Thiruvalluvar Nagar 2nd street: Rs 5,000 per sq.ft (2024)
• Thiruvalluvar Nagar 3rd lane: Rs 3,900 per sq.ft (2024)
• Thiruvalluvar Nagar 3rd street: Rs 3,900 per sq.ft (2024)
• Thiruvalluvar Main Road 5th St Main: Rs 3,900 per sq.ft (2024)
• Thiruvalluvar Main Road 3rd Street: Rs 3,900 per sq.ft (2024)
• Thiruvalluvar Main Road 2nd Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar 2nd lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total costs together to Rs 3,51,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Thiruvalluvar Nagar 2nd lane?

The Sub Registrar Office that covers Thiruvalluvar Nagar 2nd lane is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Adambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the transaction.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. It is essential for both parties to be aware of the guideline value to avoid any disputes during the registration process.

Frequently asked questions

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

The current guideline value of Thiruvalluvar Nagar 2nd lane is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then back to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,900 per sq.ft in 2024.

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

The land classification for Thiruvalluvar Nagar 2nd lane is Residential Class I Type - III.

Where can I find the Sub Registrar Office for Thiruvalluvar Nagar 2nd lane?

The Sub Registrar Office for Thiruvalluvar Nagar 2nd lane is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for properties in Thiruvalluvar Nagar 2nd lane?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000, leading to a stamp duty of Rs 2,73,000.