Guideline Value for Thiruvalluvar Nagar Annai Sivagami Street

Thiruvalluvar Nagar Annai Sivagami Street guideline value

The current guideline value of Thiruvalluvar Nagar Annai Sivagami Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Special Type - II.

How the guideline value of Thiruvalluvar Nagar Annai Sivagami Street has changed

The guideline value for Thiruvalluvar Nagar Annai Sivagami Street has seen several revisions over the years. The 2007 revision set the value at Rs 450 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2012, marking a remarkable rise of 389%. However, the value dropped to Rs 1,474 per sq.ft in 2017, a decrease of 33%. The 2023 revision brought the value up to Rs 2,200 per sq.ft, and the latest revision in 2024 has set it at Rs 2,400 per sq.ft, reflecting a 9% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 433%.

Guideline values in Selaiyur

In Selaiyur village, there are 478 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value in the village is Rs 2,200 per sq.ft, positioning Thiruvalluvar Nagar Annai Sivagami Street above this median.

• Thiruvalluvarpuram (Ramakrishna Nagar): Rs 950 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 2,400 per sq.ft (2024)
• Thiruvalluvar Street: Rs 3,300 per sq.ft (2024)
• Thiruvalluvar Street East: Rs 3,500 per sq.ft (2024)
• Thiruvalluvar Street Ext: Rs 3,500 per sq.ft (2024)
• Thiruvalluvar Street West: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar Annai Sivagami Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total fees together 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.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Thiruvalluvar Nagar Annai Sivagami Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar Annai Sivagami Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Selaiyur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. The fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Buyers and sellers should consult the latest guideline values to ensure they are well-informed before proceeding with any property dealings.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar Annai Sivagami Street?

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

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 450 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, marking an overall increase of 433% over the years.

What were the guideline values in previous revisions?

In previous revisions, the guideline values were Rs 2,200 per sq.ft in 2012, Rs 1,474 per sq.ft in 2017, and Rs 2,200 per sq.ft in 2023.

What is the median guideline value in Selaiyur?

The median guideline value in Selaiyur village is Rs 2,200 per sq.ft, with Thiruvalluvar Nagar Annai Sivagami Street's current value being above this median.

Where can I find the Sub Registrar Office for Thiruvalluvar Nagar Annai Sivagami Street?

The Sub Registrar Office for Thiruvalluvar Nagar Annai Sivagami Street is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.