Guideline Value for Thiruvalluvar Nagar 8th Street

Thiruvalluvar Nagar 8th Street guideline value

The current guideline value of Thiruvalluvar Nagar 8th Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Thiruvalluvar Nagar 8th Street has changed

The guideline value for Thiruvalluvar Nagar 8th Street has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 2,200 per sq.ft. This was followed by a decrease in 2017, where the value dropped to Rs 1,474 per sq.ft. However, the most recent revision in 2024 shows a significant increase to Rs 2,400 per sq.ft, marking a 63% rise from the 2017 figure.

From 2012 to 2017, there was a decrease of 33%, but from 2012 to 2024, the overall change is an increase of 9%. It should be noted that the guideline value register does not have figures for the years 2023, 2007, 2003, and 2002 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are a total of 975 streets under the Ambattur SRO that carry a 2024 guideline value. These values range from Rs 880 to Rs 5,500 per sq.ft, with the median being Rs 2,400 per sq.ft. The guideline value for Thiruvalluvar Nagar 8th Street is equal to this median.

• Thiruvalluvar Nagar 9th Street: Rs 2,400 per sq.ft (2024)
• Thiruvalluvar Nagar 7th Street: Rs 2,400 per sq.ft (2024)
• Thiruvalluvar Nagar 6th Street: Rs 2,400 per sq.ft (2024)
• Thiruvalluvar Nagar 5th Street: Rs 2,400 per sq.ft (2024)
• Thiruvalluvar Nagar 4th Street: Rs 2,400 per sq.ft (2024)
• Thiruvalluvar Nagar 3rd Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar 8th Street

For a property of 1,000 sq.ft at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total fees to Rs 2,16,000. 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 8th Street?

The Thiruvalluvar Nagar 8th Street is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Thirumullaivoyal. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to assess the stamp duty. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 8th Street?

The current guideline value of Thiruvalluvar Nagar 8th Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, and then to Rs 2,400 per sq.ft in 2024. The change from 2017 to 2024 is an increase of 63%.

What is the land classification for Thiruvalluvar Nagar 8th Street?

The land classification for Thiruvalluvar Nagar 8th Street is Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 and the registration fee would be Rs 48,000, totaling Rs 2,16,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Ambattur Sub Registrar Office located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. This office handles the registration of properties in Thiruvalluvar Nagar 8th Street.