Guideline Value for Thiruvalluvar Nagar

Thiruvalluvar Nagar guideline value

The current guideline value of Thiruvalluvar Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Thirukalukundrem A village under the Thirukazhukundram SRO, classified as Residential Class I Type - III.

How the guideline value of Thiruvalluvar Nagar has changed

In the 2017 revision, the guideline value was Rs 402 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 600 per sq.ft. The latest revision in 2024 maintains this value at Rs 600 per sq.ft, indicating no percentage change from 2023 to 2024. The overall change from 2017 to 2024 shows an increase of 49%.

For the years 2002, 2003, 2007, and 2012, the register has no figure for this street. The significant change from 2017 to 2023 was an increase of 49%, bringing the value to the current rate of Rs 600 per sq.ft.

Guideline values in Thirukalukundrem A

Thirukalukundrem A comprises 149 streets under the Thirukazhukundram SRO, with 2024 guideline values ranging from Rs 300 to Rs 1,344 per sq.ft. The median value is Rs 600 per sq.ft, which aligns with the current guideline value for Thiruvalluvar Nagar.

• Thiruvalluvar Nagar 1th Street: Rs 600 per sq.ft (2024)
• Thiruvalluvar Nagar 2th Street: Rs 600 per sq.ft (2024)
• Thiruvalluvar Nagar 3th Street: Rs 600 per sq.ft (2024)
• Thiruvalluvar Nagar 5th Street: Rs 600 per sq.ft (2024)
• Thirupurasundari Street: Rs 300 per sq.ft (2024)
• Thiruppur Kumarn Nagar 2nd Street: Rs 600 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 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, making the total fees Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluvar Nagar?

The Thirukazhukundram Sub Registrar Office covers Thiruvalluvar Nagar, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a critical factor during property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Thirukalukundrem A, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it can influence the overall costs associated with property registration. This ensures that all parties are compliant with the regulations set forth 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 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 600 per sq.ft from 2023 to 2024. However, from 2017 to 2023, it increased by 49% from Rs 402 per sq.ft to Rs 600 per sq.ft.

What is the land classification of Thiruvalluvar Nagar?

Thiruvalluvar Nagar is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Thiruvalluvar Nagar?

The Sub Registrar Office covering Thiruvalluvar Nagar is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 600 per sq.ft, the total fees would be Rs 54,000, including stamp duty and registration fees.