Guideline Value for Thiruvalluvar Nagar Kamarajar Street

Thiruvalluvar Nagar Kamarajar Street guideline value

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

How the guideline value of Thiruvalluvar Nagar Kamarajar Street has changed

The guideline value for Thiruvalluvar Nagar Kamarajar Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,300 per sq.ft, which decreased to Rs 871 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,300 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 1,400 per sq.ft, showing a growth of 8% from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft. Thiruvalluvar Nagar Kamarajar Street's 2024 figure is below this median.

• Thiruvalluvar Nagar Bhagath Singh St.: Rs 1,400 per sq.ft (2024)
• Thiruvalluvar Nagar Ambedkar Street: Rs 1,400 per sq.ft (2024)
• Thiruvalluvar Nagar 8th Street: Rs 1,400 per sq.ft (2024)
• Thiruvalluvar Nagar 7th Street: Rs 1,400 per sq.ft (2024)
• Thiruvalluvar Nagar 6th street: Rs 1,400 per sq.ft (2024)
• Thiruvalluvar St. 16th ward(Thiruvalluvar ngr.): Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar Kamarajar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total to Rs 1,26,000. It is important to note that 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 further assistance.

Which Sub Registrar Office covers Thiruvalluvar Nagar Kamarajar Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar Kamarajar Street is 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 information.

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

The guideline value is a crucial factor in property transactions in Ambattur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price to ensure compliance with registration requirements.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar Kamarajar Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2023 to Rs 1,400 per sq.ft in 2024, an increase of 8%. It was Rs 871 per sq.ft in 2017, which was a decrease from Rs 1,300 per sq.ft in 2012.

What is the land classification for Thiruvalluvar Nagar Kamarajar Street?

Thiruvalluvar Nagar Kamarajar Street is classified as Residential Class V Type - II.

Where is the Sub Registrar Office for this street located?

The Sub Registrar Office for Thiruvalluvar Nagar Kamarajar Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000.