Guideline Value for THANGAM COLONY "CHURCH CROSS STREET"

Thangam Colony "church Cross Street" guideline value

The current guideline value for Thangam Colony "church Cross Street" is Rs 12,100 per sq.ft, effective from 1 July 2024. This street is located in Villivakkam village, under the Villivakkam SRO, and is classified as Residential Class I Type - II.

How the guideline value of Thangam Colony "church Cross Street" has changed

The guideline value for Thangam Colony "church Cross Street" has seen several revisions over the years. In 2007, the value was Rs 1,750 per sq.ft, which increased significantly to Rs 11,000 per sq.ft by 2012, marking a rise of 529%. However, by 2017, the value dropped to Rs 7,370 per sq.ft, a decrease of 33%. The value then rose again to Rs 11,000 per sq.ft in 2023, and currently stands at Rs 12,100 per sq.ft as of the 2024 revision, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 591%.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 13,200 per sq.ft, with a median value of Rs 4,900 per sq.ft. The guideline value for Thangam Colony "church Cross Street" is above this median.

• Thangam Colony "adhi Sankarar Street": Rs 12,100 per sq.ft (2024)
• Thangam Colony "church Road": Rs 12,100 per sq.ft (2024)
• THANGAM COLONY "30th STREET": Rs 12,100 per sq.ft (2024)
• Thangam Colony: Rs 12,100 per sq.ft (2024)
• THANGAM COLONY " PILLAIYAR KOIL 2nd STREET": Rs 12,100 per sq.ft (2024)
• THANGAM COLONY " PILLAIYAR KOIL 3rd STREET": Rs 12,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thangam Colony "church Cross Street"

For a 1,000 sq.ft plot at the current guideline value of Rs 12,100 per sq.ft, the total guideline value amounts to Rs 1,21,00,000. The stamp duty at 7% would be Rs 8,47,000, and the registration fee at 2% would be Rs 2,42,000, totaling Rs 10,89,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thangam Colony "church Cross Street"?

The Sub Registrar Office that covers Thangam Colony "church Cross Street" is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Villivakkam, as it determines the minimum value at which a property can be registered. When buying or selling a property, the transaction must be registered at the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate stamp duty and registration fees.

Frequently asked questions

What is the current guideline value for Thangam Colony "church Cross Street"?

The current guideline value for Thangam Colony "church Cross Street" is Rs 12,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,750 per sq.ft in 2007 to Rs 12,100 per sq.ft in 2024, reflecting an overall increase of 591% over the years.

What are the stamp duty rates applicable in Thangam Colony "church Cross Street"?

The stamp duty rate applicable is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Which Sub Registrar Office handles registrations for this area?

The Villivakkam Sub Registrar Office handles registrations for Thangam Colony "church Cross Street", located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Thangam Colony "church Cross Street"?

Thangam Colony "church Cross Street" is classified as Residential Class I Type - II, indicating its suitability for residential development.