Guideline Value for Thirvalluvar Nagar Main Road

Thirvalluvar Nagar Main Road guideline value

The current guideline value of Thirvalluvar Nagar Main Road is Rs 3,080 per sq.ft, effective from 1 July 2024. This road is located in Kilkattalai village under the Pallavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Thirvalluvar Nagar Main Road has changed

The guideline value for Thirvalluvar Nagar Main Road has undergone several revisions over the years. The earliest recorded value is from 2007, set at Rs 1,602 per sq.ft, which increased to Rs 2,800 per sq.ft in 2012. This was a significant rise of 75%. However, from 2012 to 2017, the value decreased by 33% to Rs 1,876 per sq.ft. The subsequent revision in 2023 saw a substantial increase of 49%, bringing the value up to Rs 2,800 per sq.ft, and the latest revision in 2024 further increased it by 10% to Rs 3,080 per sq.ft.

There are no recorded guideline values for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 92%.

Guideline values in Kilkattalai

In Kilkattalai, there are a total of 194 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,530 per sq.ft, making Thirvalluvar Nagar Main Road's 2024 figure of Rs 3,080 per sq.ft above the median.

• Thiruvenkadamudaiyan Street: Rs 2,530 per sq.ft (2024)
• Thiruveethiyamman Koil Street: Rs 2,530 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,980 per sq.ft (2024)
• Tiruvalluvar Nagar 5th Street: Rs 3,080 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 3,080 per sq.ft (2024)

Stamp duty and registration fee for property in Thirvalluvar Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,080 per sq.ft, the total guideline value amounts to Rs 30,80,000. The stamp duty at 7% would be Rs 2,15,600, and the registration fee at 2% would be Rs 61,600, bringing the total cost for these fees to Rs 2,77,200. It is important to note that the 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 Thirvalluvar Nagar Main Road?

The Thirvalluvar Nagar Main Road 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 information.

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

The guideline value is a crucial factor when registering property in Kilkattalai. It serves as a benchmark for calculating the stamp duty and registration fees that buyers and sellers must pay during the transaction process.

When a property is sold, the guideline value is used to determine the applicable fees, ensuring that both parties are aware of the financial obligations involved in the transaction. This system helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Thirvalluvar Nagar Main Road?

The current guideline value of Thirvalluvar Nagar Main Road is Rs 3,080 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,602 per sq.ft in 2007 to Rs 3,080 per sq.ft in 2024, reflecting an overall increase of 92% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 30,80,000, the stamp duty would be Rs 2,15,600 and the registration fee would be Rs 61,600, totaling Rs 2,77,200.

Which office handles property registrations for Thirvalluvar Nagar Main Road?

The Pallavaram Sub Registrar Office handles property registrations for Thirvalluvar Nagar Main Road, located in Chromepet, Chennai.

What is the median guideline value in Kilkattalai?

The median guideline value in Kilkattalai is Rs 2,530 per sq.ft, with Thirvalluvar Nagar Main Road's value being above this median.