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 street is located in Irunkattukottai_B village under the Sriperumpudur SRO, classified as Residential Class II Type - I.

How the guideline value of Thiruvalluvar Nagar has changed

The guideline value for Thiruvalluvar Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 335 per sq.ft. This remained unchanged in the 2023 revision, which also recorded Rs 500 per sq.ft. The most recent 2024 revision confirmed the same value of Rs 500 per sq.ft, indicating no change from the previous year. The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase is also 49%, reflecting a consistent value since 2023.

Guideline values in Irunkattukottai_B

In Irunkattukottai_B, there are 54 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 1,200 per sq.ft, with a median value of Rs 400 per sq.ft. Thiruvalluvar Nagar's current guideline value 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 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, totaling Rs 45,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Nagar?

The Sub Registrar Office covering 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_B

The guideline value plays a crucial role during the registration of property transactions in Irunkattukottai_B. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that all transactions are conducted transparently and in accordance with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall costs associated with property transactions. Understanding these values can help in making informed decisions during the buying or selling process.

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 remained at Rs 500 per sq.ft from 2023 to 2024. It increased from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, marking a 49% increase over that period.

What are the guideline values of other streets in Irunkattukottai_B?

Other streets in Irunkattukottai_B have varying guideline values. For instance, Thiruvalluvar Street and Subrabath Nagar are both valued at Rs 400 per sq.ft, while Star Avenue is at Rs 600 per sq.ft.

How is stamp duty calculated for properties in Thiruvalluvar Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 at 7%.

Where can I find my Sub Registrar Office?

The Sub Registrar Office for Thiruvalluvar Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more details by visiting the relevant link.