Guideline Value for Thiruvalluvar Nagar Kannadhasan Salai

Thiruvalluvar Nagar Kannadhasan Salai guideline value

The current guideline value for Thiruvalluvar Nagar Kannadhasan Salai is Rs 1,550 per sq.ft, effective from 1 July 2024. This street is located in Thirunageswaram village, under the jurisdiction of the Kunrathur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Thiruvalluvar Nagar Kannadhasan Salai has changed

Over the years, the guideline value for Thiruvalluvar Nagar Kannadhasan Salai has seen several revisions. The 2012 revision set the value at Rs 1,400 per sq.ft, which then decreased to Rs 938 per sq.ft in the 2017 revision. However, the value experienced a significant increase to Rs 1,400 per sq.ft in the 2023 revision, followed by a further rise to Rs 1,550 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From the 2012 to 2017 period, the guideline value decreased by 33%. Subsequently, from 2017 to 2023, there was an increase of 49%. The most recent change from 2023 to 2024 reflects an increase of 11%. Overall, from 2012 to 2024, the guideline value has risen by 11%.

Guideline values in Thirunageswaram

In Thirunageswaram, there are 105 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft, with a median value of Rs 1,550 per sq.ft. The guideline value for Thiruvalluvar Nagar Kannadhasan Salai matches this median.

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

Stamp duty and registration fee for property in Thiruvalluvar Nagar Kannadhasan 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 is charged at 7%, which totals Rs 1,08,500, while the registration fee at 2% comes to Rs 31,000. Therefore, the total cost for stamp duty and registration fee together is Rs 1,39,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Nagar Kannadhasan Salai?

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

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

The guideline value plays a crucial role during property transactions in Thirunageswaram. It is used as a reference point for determining the stamp duty and registration fees that need to be paid when a property is bought or sold. The guideline value is set by the government and is periodically revised to reflect changes in the market.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the actual sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions, and it is important for buyers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value for Thiruvalluvar Nagar Kannadhasan Salai?

The current guideline value for Thiruvalluvar Nagar Kannadhasan 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 changed significantly, with the 2012 revision at Rs 1,400 per sq.ft, decreasing to Rs 938 per sq.ft in 2017, then rising to Rs 1,400 per sq.ft in 2023, and finally reaching Rs 1,550 per sq.ft in 2024.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Thiruvalluvar Nagar Kannadhasan Salai is charged at 7% of the guideline value or the sale price, whichever is higher. This means that the total stamp duty will vary based on the property's value.

Which office handles property registrations in this area?

The Kunrathur Sub Registrar Office handles property registrations for Thiruvalluvar Nagar Kannadhasan Salai. It is located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Thiruvalluvar Nagar Kannadhasan Salai?

The land classification for Thiruvalluvar Nagar Kannadhasan Salai is Residential Special Type - II, indicating its designation for residential development.