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 Urur village under the Adayar SRO, and it falls under the Residential Class III Type - I land classification.

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 2012, the guideline value was Rs 5,500 per sq.ft, which then decreased to Rs 3,685 per sq.ft in 2017. Following this, the value increased significantly to Rs 5,500 per sq.ft in 2023, and most recently, it rose to Rs 6,100 per sq.ft in 2024, marking an 11% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%. However, the overall change from 2012 to 2024 shows an increase of 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Urur

In Urur village, there are 176 streets under the Adayar SRO with a 2024 guideline value ranging from Rs 4,400 to Rs 15,400 per sq.ft. The median guideline value for these streets is Rs 6,600 per sq.ft, placing Thiruvalluvar Nagar 4th Street's 2024 figure below that 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)
• Thiruvalluvar Nagar: Rs 6,100 per sq.ft (2024)
• Thinakothan Road: Rs 4,400 per sq.ft (2024)
• Theni Thottam: Rs 4,400 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 cost to Rs 5,49,000. It is important to note that 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 details.

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. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process for property transactions in Urur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of a property.

When you register a property, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's value.

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?

Over the years, the guideline value has changed from Rs 5,500 per sq.ft in 2012 to Rs 3,685 per sq.ft in 2017, then to Rs 5,500 per sq.ft in 2023, and finally to Rs 6,100 per sq.ft in 2024.

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

Thiruvalluvar Nagar 4th Street is classified under Residential Class III Type - I land classification.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 61,00,000, the stamp duty at 7% would be Rs 4,27,000.