Guideline Value for Thiruvalluvar Nagar

Thiruvalluvar Nagar guideline value

The current guideline value of Thiruvalluvar Nagar, located in Irunkattukottai village under the Sriperumpudur SRO, is Rs 500 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Thiruvalluvar Nagar has changed

The guideline value for Thiruvalluvar Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2017 revision, where it was reduced to Rs 335 per sq.ft. However, from 2017 to 2023, the value increased by 49% to Rs 500 per sq.ft, which has been consistent through the 2024 revision as well, showing no change from the previous year.

For the years 2002, 2003, and 2007, the register has no figure for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 500 per sq.ft.

Guideline values in Irunkattukottai

In Irunkattukottai, there are 56 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 250 to Rs 1,250 per sq.ft, with a median value of Rs 400 per sq.ft. Thiruvalluvar Nagar's 2024 figure of Rs 500 per sq.ft is above this median.

• Thiruvalluvar Street: Rs 400 per sq.ft (2024)
• Subrabath Nagar: Rs 400 per sq.ft (2024)
• Venga Nagar: Rs 250 per sq.ft (2024)
• Star Avenue: Rs 600 per sq.ft (2024)
• Vinayagar Koil Street: Rs 400 per sq.ft (2024)
• Sri Kamacthi Nagar: Rs 600 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 would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. Please 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 Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Irunkattukottai. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that these charges are based on a standardized value set by the government.

When a property is sold, the guideline value helps in assessing the transaction's legitimacy and ensures that the government receives the appropriate revenue from property transactions. Buyers and sellers must be aware of the current guideline value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value for Thiruvalluvar Nagar?

The current guideline value for 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 remained at Rs 500 per sq.ft since 2012, with a reduction to Rs 335 per sq.ft in 2017, followed by an increase back to Rs 500 per sq.ft in 2023 and 2024.

What are the other streets in Irunkattukottai with their guideline values?

Other streets in Irunkattukottai have varying guideline values, with rates ranging from Rs 250 to Rs 600 per sq.ft. For example, Thiruvalluvar Street and Subrabath Nagar are both valued at Rs 400 per sq.ft in 2024.

What is the stamp duty rate for properties in Thiruvalluvar Nagar?

The stamp duty rate for properties in Thiruvalluvar Nagar is 7% of 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 located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.