Guideline Value for Thiruvalluvar Nagar Avvaiyar Salai

Thiruvalluvar Nagar Avvaiyar Salai guideline value

The current guideline value of Thiruvalluvar Nagar Avvaiyar Salai is Rs 1,550 per sq.ft, effective from 1 July 2024. This street is located in Thirunageswaram village under the Kunrathur SRO, classified as Residential Special Type - II.

How the guideline value of Thiruvalluvar Nagar Avvaiyar Salai has changed

The guideline value for Thiruvalluvar Nagar Avvaiyar Salai has undergone several revisions over the years. In 2012, the guideline value was Rs 1,400 per sq.ft, which decreased to Rs 938 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,400 per sq.ft. The latest revision in 2024 saw the guideline value rise to Rs 1,550 per sq.ft, marking an 11% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Thirunageswaram

In Thirunageswaram, there are 105 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft. The median value is Rs 1,550 per sq.ft, which is equal to the guideline value of Thiruvalluvar Nagar Avvaiyar Salai.

• Thiruvalluvar Nagar Anna Salai: Rs 1,550 per sq.ft (2024)
• Thiruvalluvar Nagar Bharathidasan Salai: Rs 1,550 per sq.ft (2024)
• Thiruvalluvar Nagar Kannadhasan Salai: Rs 1,550 per sq.ft (2024)
• Thiruvalluvar Nagar Manicka Vasagar Salai: Rs 1,550 per sq.ft (2024)
• Thiruvalluvar Nagar Ottakoothar Salai: Rs 1,550 per sq.ft (2024)
• Thiruvalluvar Nagar Perunchitthanar Salai: Rs 1,550 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar Avvaiyar Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,550 per sq.ft, the total guideline value amounts to Rs 15,50,000. The stamp duty at 7% would be Rs 1,08,500, and the registration fee at 2% would be Rs 31,000, bringing the total fees to Rs 1,39,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Thiruvalluvar Nagar Avvaiyar Salai?

The Sub Registrar Office that covers Thiruvalluvar Nagar Avvaiyar Salai is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a critical factor during property registration in Thirunageswaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties agree on a fair price. It is essential for buyers to be aware of the guideline value to avoid overpaying and for sellers to set a realistic price based on the current market conditions.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar Avvaiyar Salai?

The current guideline value of Thiruvalluvar Nagar Avvaiyar Salai is Rs 1,550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 1,400 per sq.ft in 2012 to Rs 1,550 per sq.ft in 2024, with notable changes in between.

What is the land classification for Thiruvalluvar Nagar Avvaiyar Salai?

Thiruvalluvar Nagar Avvaiyar Salai is classified as Residential Special Type - II.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,39,500.

Where can I find the Sub Registrar Office for Thiruvalluvar Nagar Avvaiyar Salai?

The Kunrathur Sub Registrar Office covers Thiruvalluvar Nagar Avvaiyar Salai, located at No.59, Road Street, Kundrathur, Chennai -600 069.