Guideline Value for Thiruvalluvar Nagar

Thiruvalluvar Nagar guideline value

The current guideline value of Thiruvalluvar Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Gooduvancheri village, under the Gooduvancheri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Thiruvalluvar Nagar has changed

The guideline value for Thiruvalluvar Nagar has seen several revisions over the years. The most recent revisions show that the guideline value has remained steady at Rs 1,200 per sq.ft for both 2023 and 2024. The previous revision in 2017 recorded a guideline value of Rs 804 per sq.ft, marking a significant increase of 49% from 2017 to 2023, and the overall change from 2017 to 2024 is also +49%.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. This indicates that the guideline value was not updated for these years, and the figures only reflect the revisions from 2017, 2023, and 2024.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft, with a median value of Rs 1,500 per sq.ft. Thiruvalluvar Nagar's 2024 figure of Rs 1,200 per sq.ft is below this median.

• Thiruvalluvar Nagar Ext.: Rs 1,200 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,200 per sq.ft (2024)
• Thiruppur Kumaran Street: Rs 2,001 per sq.ft (2024)
• Thiru-Vi-Ka Street: Rs 1,200 per sq.ft (2024)
• Thirumalai Nagar Extn: Rs 1,200 per sq.ft (2024)
• Thulakathaman kovil street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluvar Nagar?

The Sub Registrar Office that covers Thiruvalluvar Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor when buying or selling property in Gooduvancheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted transparently.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for property transactions. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar?

The current guideline value of Thiruvalluvar Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained the same at Rs 1,200 per sq.ft for both 2023 and 2024. It increased from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023, marking a 49% increase.

What is the land classification of Thiruvalluvar Nagar?

Thiruvalluvar Nagar is classified as Residential Class I Type - I.

What are the other streets in Gooduvancheri with similar guideline values?

Other streets in Gooduvancheri with a guideline value of Rs 1,200 per sq.ft in 2024 include Thiruvalluvar Nagar Ext., Thiruvalluvar Street, Thiru-Vi-Ka Street, and Thirumalai Nagar Extn.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.