Guideline Value for Thiruvalluvar Nagar 4th Street

Thiruvalluvar Nagar 4th Street guideline value

The current guideline value of Thiruvalluvar Nagar 4th Street is Rs 6,100 per sq.ft, effective from 1 July 2024. This street is located in Adayar village under the Adayar SRO, classified as Residential Class II Type - I.

How the guideline value of Thiruvalluvar Nagar 4th Street has changed

The guideline value for Thiruvalluvar Nagar 4th Street has undergone several revisions over the years. In 2007, the guideline value was Rs 2,500 per sq.ft, which increased significantly to Rs 5,500 per sq.ft in 2012, marking a rise of 120%. However, it decreased to Rs 3,685 per sq.ft in 2017, a decline of 33%. The value then saw a substantial increase to Rs 5,500 per sq.ft in 2023, followed by the current value of Rs 6,100 per sq.ft in 2024, reflecting an increase of 11%.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 144%.

Guideline values in Adayar

In Adayar, there are 92 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft, with a median value of Rs 6,100 per sq.ft. The guideline value of Thiruvalluvar Nagar 4th Street aligns with this median.

• Thiruvalluvar Nagar 3rd 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 4th 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, bringing the total fees together to Rs 5,49,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluvar Nagar 4th Street?

The Thiruvalluvar Nagar 4th 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 details.

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

The guideline value is a crucial factor when buying or selling property in Adayar. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. The value ensures that the government collects the appropriate taxes based on the property's worth.

When registering a property, the guideline value helps in establishing a fair price for the transaction. Buyers and sellers must be aware of this value to ensure compliance with local regulations and to avoid any legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 4th Street?

The current guideline value of Thiruvalluvar Nagar 4th 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 seen various changes, starting from Rs 2,500 per sq.ft in 2007 to Rs 6,100 per sq.ft in 2024. Notably, there was a significant increase of 120% from 2007 to 2012, followed by a decrease in 2017 and subsequent increases in 2023 and 2024.

What is the registration fee for property in Thiruvalluvar Nagar 4th Street?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 61,00,000, the registration fee would amount to Rs 1,22,000.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. This office handles all registrations for properties in the area.

How is stamp duty calculated for properties in Adayar?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher. It is essential for buyers to calculate this cost when considering a property transaction.