Guideline Value for Thiruvalluvar Nagar

Thiruvalluvar Nagar guideline value

The current guideline value of Thiruvalluvar Nagar, located in Keelakazhani village, is Rs 600 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area falls under the Gooduvancheri SRO and is classified as Residential Special Type - II.

How the guideline value of Thiruvalluvar Nagar has changed

The guideline value for Thiruvalluvar Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 140 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012. However, it dropped to Rs 402 per sq.ft in 2017. The most recent revisions in 2023 and 2024 have maintained the guideline value at Rs 600 per sq.ft, showing no change from 2023 to 2024. The overall change from 2007 to 2024 is an increase of 329%.

There are no figures available for the revisions in 2002 and 2003 for this street. The guideline value has fluctuated notably, with a 49% increase from 2017 to 2023 and a remarkable 329% jump from 2007 to 2012.

Guideline values in Keelakazhani

In Keelakazhani, there are 35 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 1,000 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value of Thiruvalluvar Nagar is below this median.

• Teachers township Phsae -I: Rs 600 per sq.ft (2024)
• Teachers Township Phase-II (Sri Mahalakshmi Nagar): Rs 600 per sq.ft (2024)
• Teachers Saibaba Garden: Rs 700 per sq.ft (2024)
• Value city Phase I: Rs 700 per sq.ft (2024)
• S.V.P. Lingam Nagar: Rs 700 per sq.ft (2024)
• Sri Venkateshwara Nagar: Rs 700 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 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. 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 Thiruvalluvar Nagar area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a critical factor during the registration of property transactions in Keelakazhani. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar?

The current guideline value of Thiruvalluvar Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 140 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then decreased to Rs 402 per sq.ft in 2017, and has remained at Rs 600 per sq.ft in both 2023 and 2024.

What are the guideline values of other streets in Keelakazhani?

Other streets in Keelakazhani have guideline values ranging from Rs 600 to Rs 700 per sq.ft in 2024, with the median value being Rs 700 per sq.ft.

What are the stamp duty and registration fees for property in Thiruvalluvar Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 54,000 based on the current guideline value.

Which Sub Registrar Office covers Thiruvalluvar Nagar?

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