Guideline Value for Thiruvalluvar Nagar 2th Street

Thiruvalluvar Nagar 2th Street guideline value

The current guideline value of Thiruvalluvar Nagar 2th 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 2th Street has changed

The guideline value for Thiruvalluvar Nagar 2th Street has 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, marking a significant increase of 49% from 2017 to 2023. There are no figures available for the revisions in 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%. This consistency in the recent revisions indicates stability in the guideline value for this street.

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 guideline value for these streets is Rs 600 per sq.ft, which is the same as the guideline value for Thiruvalluvar Nagar 2th Street.

• Thiruvalluvar Nagar 1th Street: 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)
• Thiruvalluvar Nagar: 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 2th 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, bringing the total fees to Rs 54,000. It is important to note that the 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 2th Street?

The Thirukazhukundram Sub Registrar Office covers Thiruvalluvar Nagar 2th Street, located at Thiruchengode - 637 211, 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 during property transactions in Thirukalukundrem A, as it determines the minimum value at which property can be registered. Buyers and sellers must consider this value to ensure compliance with registration norms.

When a property is sold, the guideline value is used to calculate stamp duties and registration fees, which are essential for the legal transfer of property ownership. This ensures that all transactions are transparent and adhere to government regulations.

Frequently asked questions

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

The current guideline value of Thiruvalluvar Nagar 2th 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 both the 2023 and 2024 revisions. It increased from Rs 402 per sq.ft in 2017, marking a 49% increase over that period.

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

The land classification for Thiruvalluvar Nagar 2th Street is Residential Class I Type - III.

Where can I find the registration office for this area?

The registration office for Thiruvalluvar Nagar 2th Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

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 600 per sq.ft, the total guideline value would be Rs 6,00,000, leading to a stamp duty of Rs 42,000.