Guideline Value for Thiruvalluvar Street (Nilamangai Nagar)

Thiruvalluvar Street (Nilamangai Nagar) guideline value

The current guideline value of Thiruvalluvar Street (Nilamangai Nagar) is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village under the Alandur SRO, classified as Residential Class I Type - III.

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

The guideline value for Thiruvalluvar Street has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 1,323 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in the 2012 revision. However, it then decreased to Rs 2,345 per sq.ft in 2017. Following this, the value rose to Rs 3,500 per sq.ft in 2023, and finally, it reached Rs 3,900 per sq.ft in the 2024 revision, marking an increase of 11% from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 195%. Notably, the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value is Rs 3,900 per sq.ft, which is equal to the guideline value of Thiruvalluvar Street (Nilamangai Nagar).

• Thiruvalluvar Street 4th Lane: Rs 3,900 per sq.ft (2024)
• Thiruvalluvar Street 3rd Lane: Rs 3,900 per sq.ft (2024)
• Thiruvalluvar Street 2nd Lane: Rs 3,900 per sq.ft (2024)
• Thiruvalluvar Street 1st lane: Rs 3,900 per sq.ft (2024)
• Thiruvalluvar Nagar(near M.K.N ROAD): Rs 3,900 per sq.ft (2024)
• Thiruvalluvar Nagar Ist street: Rs 3,900 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total fees together to Rs 3,51,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator to estimate your costs.

Which Sub Registrar Office covers Thiruvalluvar Street (Nilamangai Nagar)?

The Sub Registrar Office covering Thiruvalluvar Street (Nilamangai Nagar) is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Adambakkam. It serves as a reference point for determining the stamp duty and registration fees payable during the property transaction. Buyers and sellers should be aware that the guideline value can influence the overall costs involved in the registration process.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that appropriate taxes are collected. It is essential to refer to the latest guideline values to avoid any discrepancies during registration.

Frequently asked questions

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

The current guideline value of Thiruvalluvar Street (Nilamangai Nagar) is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,323 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, marking an overall increase of 195%. The most recent revision was an 11% increase from Rs 3,500 per sq.ft in 2023.

What are the stamp duty and registration fees for a property on this street?

For a 1,000 sq.ft plot, the total guideline value is Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000.

Which office handles property registrations for Thiruvalluvar Street?

The Alandur Sub Registrar Office handles property registrations for Thiruvalluvar Street (Nilamangai Nagar), located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

Where can I find more information about guideline values in Adambakkam?

More information about guideline values in Adambakkam can be found in the registration department's guideline value register (TNReginet), which lists the current values for various streets, including Thiruvalluvar Street (Nilamangai Nagar).