Guideline Value for Thiruvin Nagar

Thiruvin Nagar guideline value

The current guideline value of Thiruvin Nagar is Rs 4,070 per sq.ft, effective from 1 July 2024. This area is located in Kovilambakkam village and falls under the Pallavaram SRO with a land classification of Mixed Type - I.

How the guideline value of Thiruvin Nagar has changed

The guideline value for Thiruvin Nagar has seen several revisions over the years. In 2002, the value was Rs 103 per sq.ft, which increased to Rs 128 per sq.ft in 2003. This marked a 24% rise. The value continued to rise significantly, reaching Rs 350 per sq.ft in 2007, reflecting a 173% increase. By 2012, the value was Rs 3,700 per sq.ft, showing a substantial 957% increase from 2007. However, it then dropped to Rs 2,479 per sq.ft in 2017, a decrease of 33% from the previous revision.

In 2023, the guideline value was Rs 3,700 per sq.ft, which then increased to Rs 4,070 per sq.ft in 2024, marking a 10% rise. Overall, from 2002 to 2024, the guideline value has increased by 3851%.

Guideline values in Kovilambakkam

Kovilambakkam village has 61 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,610 per sq.ft, with a median value of Rs 2,750 per sq.ft. The guideline value for Thiruvin Nagar is above this median.

• Thiruvenkandam Nagar: Rs 2,160 per sq.ft (2024)
• Tranquil Acres: Rs 4,070 per sq.ft (2024)
• Thiru Nagar: Rs 2,750 per sq.ft (2024)
• Vadakku Pattu Road: Rs 2,200 per sq.ft (2024)
• Thiruchudar: Rs 4,070 per sq.ft (2024)
• Tamilkudimagan Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvin Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,070 per sq.ft, the total guideline value amounts to Rs 40,70,000. The stamp duty at 7% would be Rs 2,84,900, and the registration fee at 2% would be Rs 81,400, bringing the total to Rs 3,66,300. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvin Nagar?

The Sub Registrar Office that covers Thiruvin Nagar is 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 Kovilambakkam

The guideline value is a crucial factor when buying or selling property in Kovilambakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thiruvin Nagar?

The current guideline value of Thiruvin Nagar is Rs 4,070 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 103 per sq.ft in 2002 to Rs 4,070 per sq.ft in 2024, marking an overall increase of 3851% over this period.

What are the stamp duty and registration fees for a property in Thiruvin Nagar?

For a property valued at Rs 40,70,000, the stamp duty would be Rs 2,84,900 and the registration fee would be Rs 81,400, totaling Rs 3,66,300.

Which Sub Registrar Office covers Thiruvin Nagar?

The Pallavaram Sub Registrar Office covers Thiruvin Nagar, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

Where can I find more information about the guideline values in Kovilambakkam?

You can find more information about the guideline values in Kovilambakkam by referring to the official guideline value register maintained by the Registration Department.