Guideline Value for Thiruvaluvar Nagar

Thiruvaluvar Nagar guideline value

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

How the guideline value of Thiruvaluvar Nagar has changed

Over the years, the guideline value of Thiruvaluvar Nagar has seen significant changes. The value was Rs 400 per sq.ft in 2007, which then increased to Rs 2,200 per sq.ft in 2012. However, it decreased to Rs 1,474 per sq.ft in 2017. The most recent revisions show an increase to Rs 2,200 per sq.ft in 2023, followed by a further increase to Rs 2,380 per sq.ft in 2024. The register has no figures for this street for the years 2002 and 2003.

From 2007 to 2012, the guideline value increased by 450%. However, it then decreased by 33% from 2012 to 2017. The value saw a substantial rise of 49% from 2017 to 2023, and an 8% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 495%.

Guideline values in Hastinapuram

In Hastinapuram, there are 277 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,650 to Rs 4,400 per sq.ft. The median value for these streets is Rs 2,970 per sq.ft, making the guideline value of Thiruvaluvar Nagar below this median.

• Thiruvaluvar Nagar & Street: 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

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.

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

Which Sub Registrar Office covers Thiruvaluvar Nagar?

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

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

The guideline value is a crucial factor in the registration of property transactions in Hastinapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. Buyers and sellers must consider this value during negotiations, as it directly influences the financial aspects of the transaction.

Frequently asked questions

What is the current guideline value of Thiruvaluvar Nagar?

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

How has the guideline value changed over the years?

Since 2007, the guideline value has increased significantly, from Rs 400 per sq.ft to Rs 2,380 per sq.ft in 2024, marking an overall increase of 495%.

What is the land classification for Thiruvaluvar Nagar?

Thiruvaluvar Nagar falls under the Residential Class II Type - I land classification.

Where can I calculate the stamp duty and registration fees?

You can calculate the stamp duty and registration fees using the stamp duty and registration fee calculator.

Which office handles property registrations for Thiruvaluvar Nagar?

The Pallavaram Sub Registrar Office handles property registrations for Thiruvaluvar Nagar, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.