Guideline Value for Thiruvalluvar Nagar

Thiruvalluvar Nagar guideline value

The current guideline value of Thiruvalluvar Nagar is Rs 2,400 per sq.ft, effective from 1 July 2024. This area is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Special Type - II.

How the guideline value of Thiruvalluvar Nagar has changed

Over the years, the guideline value of Thiruvalluvar Nagar has seen significant changes. The 2007 revision set the value at Rs 450 per sq.ft, which increased to Rs 2,200 per sq.ft in 2012, marking a substantial rise of 389%. However, the value dropped to Rs 1,474 per sq.ft in 2017, a decrease of 33%. The 2023 revision saw another increase to Rs 2,200 per sq.ft, followed by the latest revision in 2024, which raised the value to Rs 2,400 per sq.ft, reflecting a 9% increase.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 433%.

Guideline values in Selaiyur

In Selaiyur village, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Thiruvalluvar Nagar's 2024 guideline value is above this median.

• Thiruvalluvar Nagar Annai Sivagami Street: Rs 2,400 per sq.ft (2024)
• Thiruvalluvarpuram (Ramakrishna Nagar): Rs 950 per sq.ft (2024)
• Thiruvalluvar Street: Rs 3,300 per sq.ft (2024)
• Thirupur Kumaran Poonka Street: Rs 950 per sq.ft (2024)
• Thiruvalluvar Street East: Rs 3,500 per sq.ft (2024)
• Thiruvalluvar Street Ext: Rs 3,500 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 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total to Rs 2,16,000. 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 information.

Which Sub Registrar Office covers Thiruvalluvar Nagar?

The Sub Registrar Office covering Thiruvalluvar Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Selaiyur. It serves as a benchmark for calculating the stamp duty and registration fees, which are essential for the legal transfer of property ownership.

When a property transaction occurs, the guideline value is compared with the sale price. The higher of the two values is used to determine the applicable stamp duty and registration fees, ensuring that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value for Thiruvalluvar Nagar?

The current guideline value for Thiruvalluvar Nagar is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 450 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, with various revisions in between, including a drop in 2017.

What is the land classification for Thiruvalluvar Nagar?

Thiruvalluvar Nagar is classified as Residential Special Type - II, indicating its designation for residential purposes.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated in Thiruvalluvar Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at Rs 2,400 per sq.ft results in a total guideline value of Rs 24,00,000.