Guideline Value for Thiruvalluvar Nagar

Thiruvalluvar Nagar guideline value

The current guideline value of Thiruvalluvar Nagar is Rs 650 per sq.ft, effective from 1 July 2024. This area is located in Moonramkattalai village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Thiruvalluvar Nagar has changed

The guideline value for Thiruvalluvar Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 250 per sq.ft, which increased to Rs 600 per sq.ft in 2012, marking a significant rise of 140%. However, it then decreased to Rs 402 per sq.ft in 2017, a decline of 33%. Following this, the value saw a substantial increase to Rs 600 per sq.ft in 2023, which was an increase of 49%, and further rose to the current value of Rs 650 per sq.ft in 2024, reflecting an 8% increase.

It is important to note that the register has no figures for Thiruvalluvar Nagar for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 160%.

Guideline values in Moonramkattalai

In Moonramkattalai village, there are 43 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 650 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 650 per sq.ft, which is the same as the guideline value for Thiruvalluvar Nagar.

• Thiruppathi Nagar: Rs 1,000 per sq.ft (2024)
• Thirupathi Nagar 3rd Street: Rs 1,000 per sq.ft (2024)
• Thirupathi Nagar 2nd Street: Rs 1,000 per sq.ft (2024)
• Thirupathi Nagar 1st Street: Rs 1,000 per sq.ft (2024)
• Thirumalai Nagar: Rs 1,350 per sq.ft (2024)
• Sultan House Ist Santhu: Rs 650 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 650 per sq.ft, the total guideline value would be Rs 6,50,000. The stamp duty at 7% would amount to Rs 45,500, and the registration fee at 2% would be Rs 13,000, bringing the total cost for these fees to Rs 58,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluvar Nagar?

The Sub Registrar Office that covers Thiruvalluvar Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Moonramkattalai. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction.

When a property is registered, the guideline value is considered to ensure that the fees are calculated fairly based on the value of the property. This helps in maintaining transparency in property transactions and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar?

The current guideline value of Thiruvalluvar Nagar is Rs 650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 250 per sq.ft in 2007 to Rs 650 per sq.ft in 2024, reflecting an overall increase of 160% over the years.

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

For a property valued at Rs 6,50,000, the stamp duty would be Rs 45,500 and the registration fee would be Rs 13,000, totaling Rs 58,500.

Which office handles property registrations in Thiruvalluvar Nagar?

The Kunrathur Sub Registrar Office is responsible for property registrations in Thiruvalluvar Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions, ensuring that these fees are calculated based on the property's value.