Guideline Value for Thiruvalluvar Nagar Ext.

Thiruvalluvar Nagar Ext. guideline value

The current guideline value of Thiruvalluvar Nagar Ext. is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Gooduvancheri village, under the Gooduvancheri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Thiruvalluvar Nagar Ext. has changed

The guideline value for Thiruvalluvar Nagar Ext. has seen several revisions over the years. In the 2017 revision, the value was Rs 804 per sq.ft. This figure remained unchanged in the 2023 and 2024 revisions, where it was set at Rs 1,200 per sq.ft. The register has no figure for this street for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 1,200 per sq.ft. Overall, from 2017 to 2024, the guideline value has also increased by 49%, maintaining the same rate in the last two revisions.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,500 per sq.ft, placing Thiruvalluvar Nagar Ext.'s 2024 figure below this median.

• Thiruvalluvar Street: Rs 1,200 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 1,200 per sq.ft (2024)
• Thiruppur Kumaran Street: Rs 2,001 per sq.ft (2024)
• Thiru-Vi-Ka Street: Rs 1,200 per sq.ft (2024)
• Thulakathaman kovil street: Rs 1,500 per sq.ft (2024)
• Thirumalai Nagar Extn: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar Ext.

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, leading to a total cost of Rs 1,08,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thiruvalluvar Nagar Ext.?

The Thiruvalluvar Nagar Ext. area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Gooduvancheri. It is used to determine the stamp duty and registration fees that are applicable when buying or selling a property in the area.

At the time of registration, the guideline value is compared with the sale price, and the higher of the two is considered for calculating the stamp duty. This ensures that the transaction is recorded accurately in accordance with the prevailing regulations.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar Ext.?

The current guideline value of Thiruvalluvar Nagar Ext. is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in both 2023 and 2024, reflecting a 49% increase overall from 2017 to 2024.

What are the guideline values of other streets in Gooduvancheri?

Other streets in Gooduvancheri have varying guideline values, with rates ranging from Rs 1,200 to Rs 2,001 per sq.ft. The median value for these streets is Rs 1,500 per sq.ft.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7%, while the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Thiruvalluvar Nagar Ext.?

The Gooduvancheri Sub Registrar Office covers Thiruvalluvar Nagar Ext. and is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.