Guideline Value for Thiruvalluvar Nagar 4th Street

Thiruvalluvar Nagar 4th Street guideline value

The current guideline value for Thiruvalluvar Nagar 4th Street is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Kottur village under the Adayar SRO, classified as Residential Class IV Type - II.

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

In the 2012 revision, the guideline value was Rs 4,500 per sq.ft. This figure was then reduced to Rs 3,015 per sq.ft in the 2017 revision, marking a decrease of 33%. However, the value saw a significant increase to Rs 4,500 per sq.ft in the 2023 revision, followed by a further rise to Rs 5,000 per sq.ft in the 2024 revision, reflecting an increase of 11% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kottur

In Kottur, there are 114 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 for Thiruvalluvar Nagar 4th Street is below this median.

• Thiruvalluvar Nagar 3rd Street: Rs 5,000 per sq.ft (2024)
• Thiruvalluvar Nagar 2nd Street: Rs 5,000 per sq.ft (2024)
• Thiruvalluvar Nagar 1st Street: Rs 5,000 per sq.ft (2024)
• Thiruvengadam Street: Rs 8,800 per sq.ft (2024)
• Thulukkanathamman Koil Street: Rs 5,000 per sq.ft (2024)
• Upparpalayam Anna Street: Rs 5,000 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 5,000 per sq.ft, the total guideline value would be Rs 50,00,000. The stamp duty at 7% would amount to Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, bringing the total charges to Rs 4,50,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Nagar 4th Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 4th Street is 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 Kottur

The guideline value is an essential metric used during the registration of properties in Kottur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as determined by the government.

When buying or selling a property, the guideline value helps to establish a standard price for the property, which is critical for both buyers and sellers. It is important to be aware of the current guideline value to ensure compliance with the registration process.

Frequently asked questions

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

The current guideline value for Thiruvalluvar Nagar 4th Street is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,500 per sq.ft in 2012 to Rs 3,015 per sq.ft in 2017, then to Rs 4,500 per sq.ft in 2023, and finally to Rs 5,000 per sq.ft in 2024.

What is the land classification for Thiruvalluvar Nagar 4th Street?

Thiruvalluvar Nagar 4th Street is classified as Residential Class IV Type - II.

Where is the Adayar Sub Registrar Office located?

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

How is stamp duty calculated for properties in Thiruvalluvar Nagar 4th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 50,00,000 would incur a stamp duty of Rs 3,50,000 at 7%.