Guideline Value for Thiruvalluvar Nagar Vallalar Street 1st Street

Thiruvalluvar Nagar Vallalar Street 1st Street guideline value

The current guideline value of Thiruvalluvar Nagar Vallalar Street 1st Street is Rs 1,550 per sq.ft, effective from 1 July 2024. This street is located in Thirunageswaram village under the Kunrathur SRO, and it falls under the land classification of Residential Special Type - II.

How the guideline value of Thiruvalluvar Nagar Vallalar Street 1st Street has changed

The guideline value for Thiruvalluvar Nagar Vallalar Street 1st Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,400 per sq.ft, which later dropped to Rs 938 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,400 per sq.ft in 2023, and then again to Rs 1,550 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows an increase of 11%, with the most recent change from 2023 to 2024 being an increase of 11% as well.

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 guideline value is Rs 1,550 per sq.ft, which is equal to the 2024 figure for Thiruvalluvar Nagar Vallalar Street 1st Street.

• Thiruvalluvar Nagar TamilThendral T.V.K.Salai: Rs 1,550 per sq.ft (2024)
• Thiruvalluvar Nagar Vallalar Street 2nd Street: Rs 1,550 per sq.ft (2024)
• Thiruvalluvar Nagar Sekkizhar Salai: Rs 1,550 per sq.ft (2024)
• Thiruvalluvar Nagar Perunchitthanar Salai: Rs 1,550 per sq.ft (2024)
• Thiruvalluvar Nagar Ottakoothar Salai: Rs 1,550 per sq.ft (2024)
• Thiruvalluvar Nagar Manicka Vasagar Salai: Rs 1,550 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar Vallalar Street 1st Street

For a 1,000 sq.ft plot at the current rate of Rs 1,550 per sq.ft, the guideline value totals 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 to Rs 1,39,500. It is important to note that 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 on fees applicable to your property.

Which Sub Registrar Office covers Thiruvalluvar Nagar Vallalar Street 1st Street?

The Thiruvalluvar Nagar Vallalar Street 1st Street falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thirunageswaram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When you register a property, the authorities use the guideline value to calculate the applicable charges. This ensures that the fees are based on a standardized value, which helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value for Thiruvalluvar Nagar Vallalar Street 1st Street?

The current guideline value for Thiruvalluvar Nagar Vallalar Street 1st Street 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 from Rs 1,400 per sq.ft in 2023 to Rs 1,550 per sq.ft in 2024, representing an increase of 11%. It was Rs 938 per sq.ft in 2017 and Rs 1,400 per sq.ft in 2012.

What is the land classification for Thiruvalluvar Nagar Vallalar Street 1st Street?

The land classification for Thiruvalluvar Nagar Vallalar Street 1st Street is Residential Special Type - II.

Where can I find the registration office for this street?

The registration office for Thiruvalluvar Nagar Vallalar Street 1st Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Thirunageswaram?

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