Guideline Value for T.R.R.STREET

T.R.R.Street guideline value

The current guideline value of T.R.R.Street in Vilingiyambakkam village is Rs 935 per sq.ft, effective from 1 July 2024. This street falls under the Avadi SRO and is classified as Residential Class II Type - II.

How the guideline value of T.R.R.Street has changed

The guideline value for T.R.R.Street has undergone several revisions over the years. The 2012 revision set the value at Rs 850 per sq.ft, which was then reduced to Rs 569 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 850 per sq.ft, and the most recent 2024 revision has set it at Rs 935 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

In terms of percentage changes, the guideline value increased by 10% from 2023 to 2024. From 2017 to 2023, there was a significant increase of 49%. However, the value saw a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft. The median value for these streets is Rs 935 per sq.ft, which is equal to the current guideline value of T.R.R.Street.

• T.R.R.2nd Cross St: Rs 935 per sq.ft (2024)
• T.R.R.1st Cross St: Rs 935 per sq.ft (2024)
• Thulasi St: Rs 935 per sq.ft (2024)
• Vallalar 1st Cross St: Rs 935 per sq.ft (2024)
• Thiruvika St: Rs 805 per sq.ft (2024)
• Vallalar St: Rs 935 per sq.ft (2024)

Stamp duty and registration fee for property in T.R.R.Street

For a 1,000 sq.ft plot at the current rate of Rs 935 per sq.ft, the guideline value amounts to Rs 9,35,000. The stamp duty at 7% would be Rs 65,450, and the registration fee at 2% would be Rs 18,700, bringing the total to Rs 84,150. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers T.R.R.Street?

The T.R.R.Street falls under the jurisdiction of the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Vilingiyambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in this area.

When a property transaction occurs, the guideline value helps ensure that the registration process is transparent and standardized, as it reflects the official valuation of the property based on its location and classification.

Frequently asked questions

What is the current guideline value of T.R.R.Street?

The current guideline value of T.R.R.Street is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for T.R.R.Street has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then back to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

What is the median guideline value for streets in Vilingiyambakkam?

The median guideline value for streets in Vilingiyambakkam is Rs 935 per sq.ft, which is also the current guideline value for T.R.R.Street.

What are the stamp duty and registration fees for properties in T.R.R.Street?

For a property valued at Rs 9,35,000, the stamp duty would be Rs 65,450, and the registration fee would be Rs 18,700, totaling Rs 84,150.

Which office handles registrations for T.R.R.Street?

The Avadi Sub Registrar Office handles registrations for T.R.R.Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai.