Guideline Value for Thiruvalluvar Nagar 5th Street

Thiruvalluvar Nagar 5th Street guideline value

The current guideline value of Thiruvalluvar Nagar 5th Street is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village under the Thirukazhukundram SRO, and it falls under the Residential Class I Type - III land classification.

How the guideline value of Thiruvalluvar Nagar 5th Street has changed

In the 2017 revision, the guideline value for Thiruvalluvar Nagar 5th Street was Rs 402 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 600 per sq.ft. The 2024 revision has kept the guideline value at Rs 600 per sq.ft, reflecting a 49% increase from the 2017 figure. The revisions for the years 2002, 2003, 2007, and 2012 do not have any figures recorded for this street.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. However, from 2023 to 2024, there was no change, maintaining the guideline value at Rs 600 per sq.ft. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Thirukalukundrem A

Thirukalukundrem A has 149 streets under the Thirukazhukundram SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,344 per sq.ft. The median guideline value for these streets is Rs 600 per sq.ft, which is equal to the 2024 figure for Thiruvalluvar Nagar 5th Street.

• Thiruvalluvar Nagar 3th Street: Rs 600 per sq.ft (2024)
• Thiruvalluvar Nagar 2th Street: Rs 600 per sq.ft (2024)
• Thiruvalluvar Nagar 1th Street: Rs 600 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 600 per sq.ft (2024)
• Thiruvalluvar Veedhi: Rs 600 per sq.ft (2024)
• Thirupurasundari Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar 5th Street

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Nagar 5th Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 5th Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process of property transactions in Thirukalukundrem A. It determines the minimum value at which a property can be registered, affecting the stamp duty and registration fees payable at the time of sale.

When buying or selling property, the guideline value serves as a benchmark for calculating the applicable duties and fees. It ensures that all transactions are recorded at a fair value, aligning with the current market conditions as reflected in the guideline value register.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 5th Street?

The current guideline value of Thiruvalluvar Nagar 5th Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023 and has remained the same in 2024. There were no figures recorded for the revisions in 2002, 2003, 2007, and 2012.

What is the median guideline value for streets in Thirukalukundrem A?

The median guideline value for the 149 streets in Thirukalukundrem A is Rs 600 per sq.ft, which is the same as the 2024 figure for Thiruvalluvar Nagar 5th Street.

What are the stamp duty rates applicable for properties in Thiruvalluvar Nagar 5th Street?

The stamp duty rate for properties in Thiruvalluvar Nagar 5th Street is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Thiruvalluvar Nagar 5th Street?

The Thirukazhukundram Sub Registrar Office is responsible for handling property registrations for Thiruvalluvar Nagar 5th Street, located at Thiruchengode - 637 211, Chengalpattu registration zone.