Guideline Value for Thiruvalluvar Nagar 4th Street

Thiruvalluvar Nagar 4th Street guideline value

The current guideline value of Thiruvalluvar Nagar 4th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Erukancherry village under the Madhavaram SRO and falls under the Residential Class II Type - I land classification.

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

In the 2012 revision, the guideline value was Rs 2,300 per sq.ft. This figure decreased to Rs 1,675 per sq.ft in the 2017 revision, marking a decline of 27%. However, from 2017 to 2023, the guideline value saw a significant increase to Rs 2,500 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, which is an increase of 8% from the previous year.

There are no figures available in the register for the years 2002, 2003, and 2007 for Thiruvalluvar Nagar 4th Street. Overall, from 2012 to 2024, the guideline value has increased by 17%.

Guideline values in Erukancherry

In Erukancherry, there are 376 streets under the Madhavaram SRO that have a 2024 guideline value ranging from Rs 1,900 to Rs 3,800 per sq.ft, with a median value of Rs 2,500 per sq.ft. The guideline value for Thiruvalluvar Nagar 4th Street is above this median.

• Thiruvalluvar Nagar 4th Main Road: Rs 2,700 per sq.ft (2024)
• Thiruvalluvar Nagar 4th Link Road: Rs 2,700 per sq.ft (2024)
• Thiruvalluvar Nagar 4th Cross Street: Rs 2,700 per sq.ft (2024)
• Thiruvalluvar Nagar 5th Cross Street: Rs 2,700 per sq.ft (2024)
• Thiruvalluvar Nagar 5th Link Road: Rs 2,700 per sq.ft (2024)
• Thiruvalluvar Nagar 5th Main Road: Rs 2,700 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 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. It is important to note that 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 Sub Registrar Office that covers Thiruvalluvar Nagar 4th Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is a key factor in determining the stamp duty and registration fees when buying or selling property in Erukancherry. It serves as a benchmark for the minimum value at which property transactions are registered, ensuring that the government receives the appropriate revenue from property sales.

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 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

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

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

What are the stamp duty and registration fees for a property in Thiruvalluvar Nagar 4th Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 27,00,000, with a stamp duty of Rs 1,89,000 and a registration fee of Rs 54,000, totaling Rs 2,43,000.

Where is the Sub Registrar Office for Thiruvalluvar Nagar 4th Street located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.