Guideline Value for Thiruvalluvar Nagar

Thiruvalluvar Nagar guideline value

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

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 400 per sq.ft, which remained unchanged until the 2023 revision, where it still stood at Rs 400 per sq.ft. The 2017 revision had a lower value of Rs 268 per sq.ft, indicating a significant drop of 33% from the 2012 figure. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, there was an increase of 49%, bringing the value back to Rs 400 per sq.ft. Overall, from 2012 to 2024, the guideline value has remained stable with no change.

Guideline values in Kunduperumpedu

Kunduperumpedu village has 35 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft, with a median value of Rs 200 per sq.ft. Thiruvalluvar Nagar's 2024 figure of Rs 400 per sq.ft is above this median.

• Vasanthapuri: Rs 200 per sq.ft (2024)
• Venkateswara Nagar: Rs 150 per sq.ft (2024)
• Sri Saravana Nagar: Rs 200 per sq.ft (2024)
• Victoria Nagar: Rs 150 per sq.ft (2024)
• Sri Padmanaba Nagar: Rs 200 per sq.ft (2024)
• Sri Moogambikai 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 400 per sq.ft, the guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total Rs 36,000. Please 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 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 Kunduperumpedu

The guideline value is a crucial factor when registering property transactions in Kunduperumpedu. It serves as a basis for calculating the stamp duty and registration fees that buyers must pay during the registration process.

When selling property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the official valuation set by the government. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft from 2012 to 2024, with a significant drop to Rs 268 per sq.ft in 2017. There was a 49% increase from 2017 to 2023, but the value has not changed since then.

What are the guideline values of other streets in Kunduperumpedu?

Other streets in Kunduperumpedu have varying guideline values, ranging from Rs 100 to Rs 500 per sq.ft. For instance, Vasanthapuri and Sri Saravana Nagar both have a value of Rs 200 per sq.ft in 2024.

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

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000, and the registration fee would be Rs 8,000, totaling Rs 36,000. These fees are calculated based on the guideline value or 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.