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 Mannoor village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Thiruvalluvar Nagar has changed

Over the years, the guideline value of Thiruvalluvar Nagar has seen several revisions. The 2007 revision set the value at Rs 160 per sq.ft, which increased to Rs 250 per sq.ft in 2012. However, there was a decrease to Rs 167 per sq.ft in the 2017 revision. From 2017 to 2023, the value rose significantly by 50%, bringing it back to Rs 250 per sq.ft. The 2024 revision maintains this value, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 56%.

Guideline values in Mannoor

In Mannoor village, there are 56 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 100 to Rs 1,500 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value of Thiruvalluvar Nagar aligns with this median.

• Thiru Nagar: Rs 250 per sq.ft (2024)
• Thirumurugan Nagar: Rs 200 per sq.ft (2024)
• Udhaya Dinesh Nagar: Rs 200 per sq.ft (2024)
• Tharani Grand: Rs 500 per sq.ft (2024)
• Vairavar Nagar: Rs 200 per sq.ft (2024)
• Veeralaxmi 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 amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is essential 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 precise 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. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mannoor. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official value set by the registration department.

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 it at Rs 250 per sq.ft. The value increased from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023, showing a 50% increase in that period.

What other streets in Mannoor have guideline values?

Other streets in Mannoor under the Sriperumpudur SRO include Thiru Nagar, Thirumurugan Nagar, Udhaya Dinesh Nagar, Tharani Grand, Vairavar Nagar, and Veeralaxmi Nagar, with values ranging from Rs 200 to Rs 500 per sq.ft.

What are the fees for registering property in Thiruvalluvar Nagar?

The fees for registering property include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur total fees of Rs 22,500.

Where is the Sub Registrar Office located for Thiruvalluvar Nagar?

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