Guideline Value for THENDRAL COLONY 1st STREET

THENDRAL COLONY 1st STREET guideline value

The current guideline value of THENDRAL COLONY 1st STREET in Villivakkam village is Rs 6,600 per sq.ft, effective from 1 July 2024. This street falls under the Villivakkam SRO and is classified as Residential Class II Type - II.

How the guideline value of THENDRAL COLONY 1st STREET has changed

The guideline value for THENDRAL COLONY 1st STREET has seen several revisions over the years. Starting with the 2002 revision, the guideline value was Rs 1,056 per sq.ft. This increased significantly to Rs 1,750 per sq.ft in 2007, marking a change of +66%. The value then surged to Rs 6,000 per sq.ft in 2012, which was a substantial increase of +243%. However, from 2012 to 2017, the value dropped to Rs 4,020 per sq.ft, reflecting a decrease of -33%. The value then rose again to Rs 6,000 per sq.ft in 2023, followed by the latest revision in 2024, which set the guideline value at Rs 6,600 per sq.ft, a change of +10%.

It is important to note that there is no figure available for the year 2003 for this street. Overall, from 2002 to 2024, the guideline value has increased by +525%.

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. The median guideline value in this area is Rs 4,900 per sq.ft, placing THENDRAL COLONY 1st STREET above this median at Rs 6,600 per sq.ft.

• THENDRAL COLONY 2nd STREET: Rs 6,600 per sq.ft (2024)
• THENDRAL COLONY 3rd STREET: Rs 6,600 per sq.ft (2024)
• THENDRAL COLONY 4th STREET: Rs 6,600 per sq.ft (2024)
• THENDRAL COLONY 5th STREET: Rs 6,600 per sq.ft (2024)
• Thanthoniamman Koil Street: Rs 3,300 per sq.ft (2024)
• THANTHONIAMMAN KOIL 3rd STREET: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in THENDRAL COLONY 1st STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total fees together to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers THENDRAL COLONY 1st STREET?

THENDRAL COLONY 1st STREET is covered by 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 details.

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

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

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of THENDRAL COLONY 1st STREET?

The current guideline value of THENDRAL COLONY 1st STREET is Rs 6,600 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 1,056 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, marking an overall increase of +525% over this period.

What is the median guideline value in Villivakkam?

The median guideline value in Villivakkam is Rs 4,900 per sq.ft, which is lower than the current value of Rs 6,600 per sq.ft for THENDRAL COLONY 1st STREET.

What are the stamp duty and registration fees for properties in THENDRAL COLONY 1st STREET?

For a 1,000 sq.ft property, the total guideline value is Rs 66,00,000, leading to a stamp duty of Rs 4,62,000 and a registration fee of Rs 1,32,000, totaling Rs 5,94,000.

Where is the Villivakkam Sub Registrar Office located?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.