Guideline Value for Thiruvalluvar Nagar

Thiruvalluvar Nagar guideline value

The current guideline value of Thiruvalluvar Nagar, located in Kilkattalai village under the Pallavaram SRO, is Rs 3,080 per sq.ft, effective from 1 July 2024. This area 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. In 2003, the guideline value was Rs 370 per sq.ft. This increased to Rs 500 per sq.ft in 2007, marking a significant rise of 35%. The value then surged to Rs 2,800 per sq.ft in 2012, a remarkable increase of 460%. However, it dropped to Rs 1,876 per sq.ft in 2017, reflecting a decrease of 33%. The value rose again to Rs 2,800 per sq.ft in 2023, and most recently, it has increased by 10% to Rs 3,080 per sq.ft in 2024.

Overall, from 2003 to 2024, the guideline value has increased by 732%. It is important to note that the register has no figure for the year 2002 for this street.

Guideline values in Kilkattalai

Kilkattalai village has 194 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,530 per sq.ft, placing Thiruvalluvar Nagar's current value above this median.

• Thiruvalluvar Street: Rs 1,980 per sq.ft (2024)
• Thiruppathi Nagar Main Road: Rs 2,160 per sq.ft (2024)
• Thiruveethiyamman Koil Street: Rs 2,530 per sq.ft (2024)
• Thiruvenkadamudaiyan Street: Rs 2,530 per sq.ft (2024)
• Thirumurugan Street: Rs 2,160 per sq.ft (2024)
• Thirumurugan S.R.V.S.Colony: Rs 2,530 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 3,080 per sq.ft, the total guideline value amounts to Rs 30,80,000. The stamp duty at 7% would be Rs 2,15,600, and the registration fee at 2% would be Rs 61,600, making the total charges Rs 2,77,200. 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 Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Kilkattalai. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. The higher of the guideline value and the sale price is considered for calculating these charges.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which is crucial for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar?

The current guideline value of Thiruvalluvar Nagar is Rs 3,080 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From 2023 to 2024, the guideline value increased by 10%, rising from Rs 2,800 per sq.ft to Rs 3,080 per sq.ft.

What was the guideline value in 2017?

In 2017, the guideline value for Thiruvalluvar Nagar was Rs 1,876 per sq.ft.

How does the guideline value affect property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is essential for determining the charges based on either the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Thiruvalluvar Nagar?

The Sub Registrar Office for Thiruvalluvar Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.