Guideline Value for Thiruvalluvar Nagar 3rd Street

Thiruvalluvar Nagar 3rd Street guideline value

The current guideline value of Thiruvalluvar Nagar 3rd Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village and falls under the Sembiam SRO. The land classification for this area is Residential Class IV Type - I.

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

The guideline value for Thiruvalluvar Nagar 3rd Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 700 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a change of +186%. However, from 2012 to 2017, the value decreased to Rs 1,340 per sq.ft, reflecting a decline of -33%. The most recent revision in 2024 saw the value rise to Rs 2,200 per sq.ft, an increase of +64% from the 2017 figure.

It is important to note that the register has no figures for the years 2002, 2003, and 2023 for this street. Overall, from 2007 to 2024, the guideline value has increased by +214%.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. Thiruvalluvar Nagar 3rd Street's 2024 figure is below this median.

• Thiruvalluvar Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Thiruvalluvar Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Thiruvalluvar Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Thiruvalluvar Nagar Extension: Rs 2,700 per sq.ft (2024)
• Thiruveedhiamman Koil 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Thiruveedhiamman Koil 2nd Cross Street: Rs 2,200 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 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thiruvalluvar Nagar 3rd Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 3rd Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kolathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration fees and stamp duties are calculated fairly based on this value.

When buying or selling property, it is essential to be aware of the guideline value as it directly affects the costs involved in the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during the registration process.

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 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, which is an overall increase of +214%.

What are the stamp duty and registration fees for property in Thiruvalluvar Nagar 3rd Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 22,00,000, with stamp duty at Rs 1,54,000 and registration fee at Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office is responsible for Thiruvalluvar Nagar 3rd Street?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, is responsible for Thiruvalluvar Nagar 3rd Street.

What is the land classification for Thiruvalluvar Nagar 3rd Street?

The land classification for Thiruvalluvar Nagar 3rd Street is Residential Class IV Type - I.