Guideline Value for Thiruvalluvar Nagar

Thiruvalluvar Nagar guideline value

The current guideline value of Thiruvalluvar Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Katrampakkam village, under the Sriperumpudur Sub Registrar Office (SRO) jurisdiction. The land classification for this area is Residential Class III 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 2007, the guideline value was Rs 100 per sq.ft, which increased to Rs 250 per sq.ft in 2012. However, it then dropped to Rs 167 per sq.ft in 2017. The 2023 revision maintained the value at Rs 250 per sq.ft, which remains unchanged in the 2024 revision.

From 2017 to 2023, there was a significant increase of 50%. The overall change from 2007 to 2024 reflects a rise of 150%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Katrampakkam

Katrampakkam village has a total of 41 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, which is equal to the current value of Thiruvalluvar Nagar.

• Sundara Moorthy Nagar: Rs 400 per sq.ft (2024)
• Sundara Anjaneya Nagar: Rs 800 per sq.ft (2024)
• Venkatapuri: Rs 250 per sq.ft (2024)
• Venugopal Nagar: Rs 250 per sq.ft (2024)
• Vetrivel Nagar: Rs 250 per sq.ft (2024)
• Vettri Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty, charged at 7%, would be Rs 17,500, while the registration fee at 2% would be Rs 5,000. Together, the total cost for stamp duty and registration fee would be Rs 22,500. 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 Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Katrampakkam. It serves as a benchmark for calculating the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller approaches the Sriperumpudur SRO for registration, the guideline value is referred to determine the applicable charges. This ensures that the transaction is recorded accurately in accordance with the state's regulations.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar?

The current guideline value of Thiruvalluvar Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision in 2024 maintaining a value of Rs 250 per sq.ft. The value was Rs 167 per sq.ft in 2017, and it increased to Rs 250 per sq.ft in 2012 and again in 2023.

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

For a property valued at Rs 2,50,000, the stamp duty is Rs 17,500 and the registration fee is Rs 5,000, totaling Rs 22,500. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Thiruvalluvar Nagar?

The Sriperumpudur Sub Registrar Office handles property registrations for Thiruvalluvar Nagar. It is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to calculate the stamp duty and registration fees when buying or selling property. It serves as a benchmark to ensure that property transactions are recorded accurately and in compliance with state regulations.