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Guideline Value

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Guideline Value for Thiruvalluvar Nagar Vallalar Street 2nd Street

₹1550/sq.ft.

The guideline value for Thiruvalluvar Nagar Vallalar Street 2nd Street 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 Vallalar Street 2nd Street

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Thiruvalluvar Nagar Vallalar Street 2nd Street guideline value

The current guideline value for Thiruvalluvar Nagar Vallalar Street 2nd 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 is classified as Residential Special Type - II.

How the guideline value of Thiruvalluvar Nagar Vallalar Street 2nd Street has changed

Over the years, the guideline value for Thiruvalluvar Nagar Vallalar Street 2nd Street has seen several revisions. The earliest recorded figure is from 2012, which was Rs 1,400 per sq.ft. This was followed by a decrease to Rs 938 per sq.ft in 2017, before increasing to Rs 1,400 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 1,550 per sq.ft.

In terms of percentage changes, from 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The 2023 to 2024 revision shows a growth of 11%. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Thirunageswaram

In Thirunageswaram, there are 105 streets under the Kunrathur SRO, with guideline values ranging from Rs 800 to Rs 2,000 per sq.ft. The median value among these streets is Rs 1,550 per sq.ft, which is equal to the guideline value for Thiruvalluvar Nagar Vallalar Street 2nd Street.

Stamp duty and registration fee for property in Thiruvalluvar Nagar Vallalar Street 2nd Street

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 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. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thiruvalluvar Nagar Vallalar Street 2nd Street?

The Sub Registrar Office covering Thiruvalluvar Nagar Vallalar Street 2nd Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Thirunageswaram. It serves as the minimum value for which a property can be registered, ensuring that the transaction reflects a fair valuation based on the prevailing rates in the area.

When buying or selling property, the guideline value helps determine the applicable stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value for Thiruvalluvar Nagar Vallalar Street 2nd Street?

The current guideline value for Thiruvalluvar Nagar Vallalar Street 2nd 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 2012 to Rs 938 per sq.ft in 2017, then to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,550 per sq.ft in 2024.

What is the land classification for this street?

Thiruvalluvar Nagar Vallalar Street 2nd Street is classified as Residential Special Type - II.

Where can I find the registration office for this area?

The registration office for Thiruvalluvar Nagar Vallalar Street 2nd Street 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 Thirunageswaram?

Stamp duty for properties in Thirunageswaram is calculated based on the higher of the guideline value or the sale price. The current rate is 7% for stamp duty and 2% for the registration fee.