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Guideline Value

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Guideline Value for Thiruvalluvar Nagar Ottakoothar Salai

₹1550/sq.ft.

The guideline value for Thiruvalluvar Nagar Ottakoothar Salai in Thirunageswaram village (Kunrathur SRO, Chennai zone) is Rs 1550 per sq.ft, effective 1 July 2024. It was Rs 1400 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirunageswaram

Village

Kunrathur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹1550 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹938 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1400 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Thiruvalluvar Nagar Ottakoothar Salai

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Thiruvalluvar Nagar Ottakoothar Salai guideline value

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

How the guideline value of Thiruvalluvar Nagar Ottakoothar Salai has changed

Over the years, the guideline value for Thiruvalluvar Nagar Ottakoothar Salai has seen several revisions. The 2012 revision set the value at Rs 1,400 per sq.ft, which decreased to Rs 938 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,400 per sq.ft, and the latest 2024 revision raised it further to Rs 1,550 per sq.ft, marking an 11% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%, while the value from 2012 to 2017 saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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. The median value is Rs 1,550 per sq.ft, which is equal to the guideline value of Thiruvalluvar Nagar Ottakoothar Salai.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,550 per sq.ft, the total guideline value would be Rs 15,50,000. The stamp duty at 7% would amount to Rs 1,08,500, and the registration fee at 2% would be Rs 31,000, bringing the total to 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 use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Thiruvalluvar Nagar Ottakoothar Salai?

The Thiruvalluvar Nagar Ottakoothar Salai falls under 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 plays a crucial role during the registration of properties in Thirunageswaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to consider the guideline value, as it directly affects the financial obligations of both parties. Buyers should be aware that the guideline value may differ from the actual sale price, but the higher amount will be used for calculating the stamp duty and registration fees.

Frequently asked questions

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

The current guideline value of Thiruvalluvar Nagar Ottakoothar 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 from Rs 1,400 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, then back to Rs 1,400 per sq.ft in 2023, and finally reaching Rs 1,550 per sq.ft in 2024.

What is the land classification of Thiruvalluvar Nagar Ottakoothar Salai?

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

Where can I find the registration office for this area?

The registration office for Thiruvalluvar Nagar Ottakoothar Salai is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Thiruvalluvar Nagar Ottakoothar Salai?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 15,50,000 would incur a stamp duty of Rs 1,08,500 at 7%.