Guideline Value for Thiruvalluvar Nagar 3rd street

Thiruvalluvar Nagar 3rd street guideline value

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

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

In the 2012 revision, the guideline value was set at Rs 3,500 per sq.ft. This figure remained unchanged in 2017, where it was revised to Rs 2,345 per sq.ft. The value saw a significant increase in the 2023 revision, rising to Rs 3,500 per sq.ft, followed by another increase to Rs 3,900 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The overall change from 2012 to 2024 shows an increase of 11% in the guideline value.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, which is also the current guideline value for Thiruvalluvar Nagar 3rd street.

• Thiruvalluvar Nagar 3rd lane: Rs 3,900 per sq.ft (2024)
• Thiruvalluvar Nagar 2nd street: Rs 5,000 per sq.ft (2024)
• Thiruvalluvar Nagar 2nd lane: Rs 3,900 per sq.ft (2024)
• Thiruvalluvar Nagar Annex: Rs 5,000 per sq.ft (2024)
• Thiruvalluvar Nagar Ist lane: Rs 3,900 per sq.ft (2024)
• Thiruvalluvar Nagar Ist street: Rs 3,900 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 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 fees to Rs 3,51,000. 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 3rd street?

The Thiruvalluvar Nagar 3rd street is covered by 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 details.

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

The guideline value is an important factor when registering a property in Adambakkam. It serves as a benchmark for determining the minimum value of a property during the registration process. Buyers and sellers must be aware that the guideline value can influence the overall cost of property transactions.

When a property is sold, the registration office uses the guideline value to calculate the applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and reflects the current value of the property in the market.

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 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 2023 to Rs 3,900 per sq.ft in 2024, an increase of 11%. From 2017 to 2023, it increased by 49% from Rs 2,345 per sq.ft to Rs 3,500 per sq.ft.

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

The land classification for Thiruvalluvar Nagar 3rd street is Residential Class I Type - III. This classification indicates the type of residential development permitted in the area.

Where can I find the Alandur Sub Registrar Office?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. This office handles the registration of properties in the area.

How is the stamp duty calculated for properties in Thiruvalluvar Nagar 3rd street?

The stamp duty for properties in Thiruvalluvar Nagar 3rd street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 3,900 per sq.ft, the stamp duty would be Rs 2,73,000.