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 Maathoor village under the Sunguvarchattram SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Thiruvalluvar Nagar has changed

The guideline value for Thiruvalluvar Nagar has seen several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 50 per sq.ft. This increased significantly to Rs 250 per sq.ft in 2012, marking a 400% rise. However, in 2017, the value decreased to Rs 167 per sq.ft, a reduction of 33%. The value then rose again to Rs 250 per sq.ft in 2023, maintaining the same rate in the 2024 revision.

From 2017 to 2023, there was a 50% increase, but no change from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 400%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Maathoor

In Maathoor, there are 47 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 2,687 per sq.ft, with a median value of Rs 500 per sq.ft. Thiruvalluvar Nagar's current guideline value is below this median.

• Town House Phase-II @ Temple Green: Rs 1,000 per sq.ft (2024)
• Temple Green-ArunExcello: Rs 1,000 per sq.ft (2024)
• Valluvar Street: Rs 500 per sq.ft (2024)
• Venkateshwara Nagar: Rs 250 per sq.ft (2024)
• SriVigneshwara Nagar: Rs 250 per sq.ft (2024)
• VGP Jayanthi Town: Rs 400 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, bringing the total fees to 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 Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Maathoor, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for all 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 changed several times, with the most recent revision in 2024 maintaining the value at Rs 250 per sq.ft. It was previously Rs 250 per sq.ft in 2023, Rs 167 per sq.ft in 2017, and Rs 250 per sq.ft in 2012.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 2,50,000. The stamp duty would be Rs 17,500, and the registration fee would be Rs 5,000, totaling Rs 22,500.

Which Sub Registrar Office covers Thiruvalluvar Nagar?

The Sunguvarchattram Sub Registrar Office covers Thiruvalluvar Nagar, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value for properties. It is essential for calculating the stamp duty and registration fees, which are based on the higher of the guideline value or the sale price.