Guideline Value for Thiruvalluvar Street (Ethiraj Nagar)

Thiruvalluvar Street (Ethiraj Nagar) guideline value

The current guideline value of Thiruvalluvar Street (Ethiraj Nagar) is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Thiruvalluvar Street (Ethiraj Nagar) has changed

The guideline value for Thiruvalluvar Street (Ethiraj Nagar) has seen significant changes over the years. In the 2007 revision, the guideline value was Rs 1,210 per sq.ft, which increased to Rs 4,500 per sq.ft in the 2012 revision, marking a substantial rise of 272%. Following this, the 2024 revision set the value at Rs 4,900 per sq.ft, reflecting a 9% increase from the 2012 figure. Overall, from 2007 to 2024, the guideline value has increased by 305%.

It is important to note that the register has no figures for the years 2003, 2002, 2017, and 2023 for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, which is equal to the current value of Thiruvalluvar Street (Ethiraj Nagar).

• Thiruvalluvar Street (M.G.R.Nagar): Rs 3,300 per sq.ft (2024)
• Thiruvalluvar Salai (Nesapakkam): Rs 2,700 per sq.ft (2024)
• Thiruvengadam Street: Rs 6,600 per sq.ft (2024)
• Thiru. Vi.Ka. Street (Ethiraj Nagar): Rs 4,900 per sq.ft (2024)
• Thiru.Vi.Ka. Street (M.G.R.Nagar): Rs 3,300 per sq.ft (2024)
• Thiyagi Kuppan 2nd Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Street (Ethiraj Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, totaling Rs 4,41,000. 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 Street (Ethiraj Nagar)?

The Sub Registrar Office that covers Thiruvalluvar Street (Ethiraj Nagar) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

When buying or selling property in Kodambakkam, the guideline value is a crucial factor in determining the stamp duty and registration fees. This value is set by the Registration Department and reflects the minimum value at which properties in the area are assessed for taxation purposes.

It is essential for buyers and sellers to be aware of the guideline value, as it ensures that the transaction is registered at a fair value, helping to prevent undervaluation or overvaluation during the registration process.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street (Ethiraj Nagar)?

The current guideline value of Thiruvalluvar Street (Ethiraj Nagar) is Rs 4,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

Since 2007, the guideline value has increased from Rs 1,210 per sq.ft to Rs 4,900 per sq.ft in 2024, which is an overall increase of 305%.

What are the other streets nearby with their guideline values?

Other streets in Kodambakkam include Thiruvalluvar Street (M.G.R.Nagar) at Rs 3,300 per sq.ft, Thiruvalluvar Salai (Nesapakkam) at Rs 2,700 per sq.ft, and Thiruvengadam Street at Rs 6,600 per sq.ft, among others.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Thiruvalluvar Street (Ethiraj Nagar) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 at 7%.