Guideline Value for Thiruvalluvar Nagar

Thiruvalluvar Nagar guideline value

The current guideline value of Thiruvalluvar Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Kattupakkam village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Thiruvalluvar Nagar has changed

Over the years, the guideline value of Thiruvalluvar Nagar has seen several revisions. The 2007 revision set the value at Rs 200 per sq.ft, which increased to Rs 500 per sq.ft in 2012. However, in the 2017 revision, the value decreased to Rs 335 per sq.ft, before rising again to Rs 500 per sq.ft in both the 2023 and 2024 revisions. The register does not contain figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%. The overall change from 2007 to 2024 reflects a 150% increase, with the 2024 revision maintaining the same value as the previous year, showing no change from 2023 to 2024.

Guideline values in Kattupakkam

Kattupakkam village has 27 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 1,500 per sq.ft, with a median of Rs 500 per sq.ft. Thiruvalluvar Nagar's 2024 figure aligns with this median.

• Thiru Nagar: Rs 500 per sq.ft (2024)
• Thendral Nagar: Rs 400 per sq.ft (2024)
• Sundar Nagar: Rs 500 per sq.ft (2024)
• Sri Sai Avenue: Rs 500 per sq.ft (2024)
• Sri Dhanalakshmi Nagar: Rs 400 per sq.ft (2024)
• Sri Balaji Nagar: Rs 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 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total charges to Rs 45,000. 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 details.

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. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Kattupakkam. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during the transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value for taxation purposes. Buyers and sellers should be aware of the current guideline values to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar?

The current guideline value of Thiruvalluvar Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, then decreased to Rs 335 per sq.ft in 2017, and has remained at Rs 500 per sq.ft since 2023.

Where can I find the registration office for Thiruvalluvar Nagar?

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

What are the stamp duty rates applicable in Thiruvalluvar Nagar?

The stamp duty rate applicable in Thiruvalluvar Nagar is 7% of the guideline value or sale price, whichever is higher, along with a registration fee of 2%.

What is the land classification of Thiruvalluvar Nagar?

Thiruvalluvar Nagar is classified as Residential Special Type - I, which is important for understanding its usage and potential for development.