Guideline Value for Thiruvaluvar Nagar & Street

Thiruvaluvar Nagar & Street guideline value

The current guideline value of Thiruvaluvar Nagar & Street is Rs 2,380 per sq.ft, effective from 1 July 2024. This area is located in Hastinapuram village, under the Pallavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Thiruvaluvar Nagar & Street has changed

Over the years, the guideline value for Thiruvaluvar Nagar & Street has seen significant changes. The 2007 revision set the value at Rs 400 per sq.ft, which increased dramatically to Rs 2,200 per sq.ft in 2012. However, this figure dropped to Rs 1,474 per sq.ft in 2017 before rising again to Rs 2,200 per sq.ft in 2023 and finally reaching Rs 2,380 per sq.ft in 2024. The revisions for the years 2002 and 2003 do not have figures listed for this street.

From 2007 to 2024, the guideline value has increased by 495%. The transition from 2012 to 2017 saw a decrease of 33%, while the jump from 2017 to 2023 was a notable increase of 49%. The most recent change from 2023 to 2024 reflects an 8% rise in the guideline value.

Guideline values in Hastinapuram

In Hastinapuram, there are 277 streets under the Pallavaram SRO that have a 2024 guideline value ranging from Rs 1,650 to Rs 4,400 per sq.ft, with a median value of Rs 2,970 per sq.ft. Thiruvaluvar Nagar & Street's guideline value is below this median.

• Thiruvaluvar Nagar: Rs 2,380 per sq.ft (2024)
• Thiruvalluvar Street: Rs 2,380 per sq.ft (2024)
• Thiru.VI.Ka 1 And 2nd Cross Street: Rs 2,380 per sq.ft (2024)
• Thiru.Vi.Ka Nagar 2nd Street: Rs 2,380 per sq.ft (2024)
• Thiru.Vi.Ka Nagar Main Road: Rs 3,850 per sq.ft (2024)
• Thiyagarajan Street: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvaluvar Nagar & Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,380 per sq.ft, the total guideline value amounts to Rs 23,80,000. The stamp duty at 7% would be Rs 1,66,600, and the registration fee at 2% would be Rs 47,600, bringing the total to Rs 2,14,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Thiruvaluvar Nagar & Street?

The Thiruvaluvar Nagar & Street is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Hastinapuram. It is used to determine the stamp duty and registration fees that are applicable when a property is bought or sold.

When registering a property, the guideline value is considered the minimum value for calculation purposes. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Thiruvaluvar Nagar & Street?

The current guideline value of Thiruvaluvar Nagar & Street is Rs 2,380 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 2,380 per sq.ft in 2024, reflecting an overall increase of 495% over this period.

What is the registration office for Thiruvaluvar Nagar & Street?

The registration office for Thiruvaluvar Nagar & Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 23,80,000 would incur a stamp duty of Rs 1,66,600 at 7%.

What is the land classification for Thiruvaluvar Nagar & Street?

Thiruvaluvar Nagar & Street is classified as Residential Class II Type - I, which is relevant for determining the applicable guidelines and regulations for property transactions.