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Guideline Value

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Guideline Value for Thiruvalluvar Nagar(near M.K.N ROAD)

₹3900/sq.ft.

The guideline value for Thiruvalluvar Nagar(near M.k.n Road) in Adambakkam village (Alandur SRO, Chennai zone) is Rs 3900 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Adambakkam

Village

Alandur

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹3900 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1325 /sq.ft.
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)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[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(near M.k.n Road)

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Thiruvalluvar Nagar(near M.K.N ROAD) guideline value

The current guideline value for Thiruvalluvar Nagar(near M.K.N ROAD) is Rs 3,900 per sq.ft, effective from 1 July 2024. This area is located in Adambakkam village under the Alandur SRO, classified as Residential Class I Type - III.

How the guideline value of Thiruvalluvar Nagar(near M.K.N ROAD) has changed

Over the years, the guideline value for Thiruvalluvar Nagar has seen significant changes. The 2007 revision set the value at Rs 1,325 per sq.ft, which increased to Rs 3,500 per sq.ft in 2012. However, between 2012 and 2017, the value decreased to Rs 2,345 per sq.ft. The 2023 revision marked a notable rise to Rs 3,500 per sq.ft, followed by the current 2024 revision, which has further increased it to Rs 3,900 per sq.ft.

In terms of percentage changes, the guideline value rose by 164% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then increased by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects an increase of 11%. Overall, from 2007 to 2024, the guideline value has increased by 194%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO, with guideline values ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median guideline value is Rs 3,900 per sq.ft, which matches the 2024 figure for Thiruvalluvar Nagar(near M.K.N ROAD).

Stamp duty and registration fee for property in Thiruvalluvar Nagar(near M.K.N ROAD)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. It is important to note that stamp 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 details.

Which Sub Registrar Office covers Thiruvalluvar Nagar(near M.K.N ROAD)?

The Sub Registrar Office covering Thiruvalluvar Nagar(near M.K.N ROAD) is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for further information.

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

The guideline value is a crucial factor during property registration in Adambakkam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which may affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Thiruvalluvar Nagar(near M.K.N ROAD)?

The current guideline value for Thiruvalluvar Nagar(near M.K.N ROAD) is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has experienced significant changes, increasing from Rs 1,325 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, marking an overall increase of 194%.

What is the land classification for Thiruvalluvar Nagar?

Thiruvalluvar Nagar is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where can I find the Alandur Sub Registrar Office?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

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, the total guideline value would be Rs 39,00,000, leading to a stamp duty of Rs 2,73,000 and a registration fee of Rs 78,000.