Guideline Value for Thiruvalluvar Nagar 3rd Street

Thiruvalluvar Nagar 3rd Street guideline value

The current guideline value of Thiruvalluvar Nagar 3rd 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 is classified as Residential Class II Type - I.

How the guideline value of Thiruvalluvar Nagar 3rd Street has changed

The guideline value for Thiruvalluvar Nagar 3rd Street has seen several revisions over the years. The 2007 revision set the value at Rs 2,500 per sq.ft, which increased significantly to Rs 5,500 per sq.ft in 2012. However, this figure dropped to Rs 3,685 per sq.ft in 2017, marking a decrease of 33%. The value then rose sharply to Rs 5,500 per sq.ft in 2023, before reaching the current rate of Rs 6,100 per sq.ft in 2024, reflecting an increase of 11% from the previous year.

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

Guideline values in Adayar

Adayar village has a total of 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 value is Rs 6,100 per sq.ft, which is the same as the guideline value for Thiruvalluvar Nagar 3rd Street.

• Thiruvalluvar Nagar 4th Street: Rs 6,100 per sq.ft (2024)
• Thiruvalluvar Nagar 2nd Street: Rs 6,100 per sq.ft (2024)
• Thiruvalluvar Nagar 1st 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 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,100 per sq.ft, the total guideline value amounts to 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, totaling Rs 5,49,000. It is important to note that 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 3rd Street?

The Thiruvalluvar Nagar 3rd 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 more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Adayar, the guideline value will be used to calculate applicable stamp duties and registration fees.

It is essential for buyers and sellers to be aware of the current guideline value, as it can influence the overall cost of the transaction. Understanding this value helps in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 3rd Street?

The current guideline value of Thiruvalluvar Nagar 3rd 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, which is an overall increase of 144%.

What are the other streets in Adayar with the same guideline value?

Other streets in Adayar with the same guideline value of Rs 6,100 per sq.ft include Thiruvalluvar Nagar 1st, 2nd, and 4th Streets.

What fees are associated with buying property in Thiruvalluvar Nagar 3rd Street?

When buying property, you will incur a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.