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 area is located in Katrampakkam B village, under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Thiruvalluvar Nagar has changed

The guideline value for Thiruvalluvar Nagar has remained stable at Rs 250 per sq.ft from the 2023 revision to the 2024 revision, showing no change. In the previous revision from 2017, the guideline value was Rs 167 per sq.ft, which means there has been a 50% increase over the period from 2017 to 2023, and an overall increase of 50% from 2017 to 2024.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Therefore, the revisions for these years do not provide any guideline value for Thiruvalluvar Nagar.

Guideline values in Katrampakkam B

Katrampakkam B village has 44 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft, with a median value of Rs 275 per sq.ft. The guideline value for Thiruvalluvar Nagar is below this median.

• 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 guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, making the total charges 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 our stamp duty and registration fee calculator for more detailed calculations.

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 this link: find your SRO.

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

The guideline value is a crucial factor when registering properties in Katrampakkam B. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that all transactions are recorded at a fair value.

When buying or selling property, the guideline value helps both parties understand the baseline value of the property. It is essential for compliance with local regulations and for the proper documentation of property transactions.

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 remained the same at Rs 250 per sq.ft from 2023 to 2024. From 2017 to 2023, it increased by 50% from Rs 167 per sq.ft to Rs 250 per sq.ft.

What is the land classification of Thiruvalluvar Nagar?

Thiruvalluvar Nagar is classified as Residential Class III Type - I.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total charges would amount to Rs 22,500.

Which office handles registrations for Thiruvalluvar Nagar?

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