Guideline Value for THENDRAL COLONY 3rd STREET

THENDRAL COLONY 3rd STREET guideline value

The current guideline value of THENDRAL COLONY 3rd STREET is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Villivakkam village under the Villivakkam SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of THENDRAL COLONY 3rd STREET has changed

The guideline value for THENDRAL COLONY 3rd STREET has seen several revisions over the years. The register shows that in 2002, the value was Rs 1,056 per sq.ft. This increased to Rs 1,205 per sq.ft in 2003, marking a change of +14%. The value continued to rise, reaching Rs 1,750 per sq.ft in 2007, which represented an increase of +45%. Following this, the value experienced a significant jump to Rs 6,000 per sq.ft in 2012, reflecting a remarkable change of +243%. However, it decreased to Rs 4,020 per sq.ft in 2017, a drop of -33%. The value then rose again to Rs 6,000 per sq.ft in 2023, and most recently, it has increased to Rs 6,600 per sq.ft in 2024, which is a change of +10%.

Overall, from 2002 to 2024, the guideline value has increased by +525%. There are no figures available for the revisions in the years not mentioned in this register for THENDRAL COLONY 3rd STREET.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO with the 2024 guideline values 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 3rd STREET's 2024 figure above that median.

• THENDRAL COLONY 2nd STREET: Rs 6,600 per sq.ft (2024)
• THENDRAL COLONY 4th STREET: Rs 6,600 per sq.ft (2024)
• THENDRAL COLONY 1st 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 3rd STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, while the registration fee at 2% would be Rs 1,32,000, leading to a total of Rs 5,94,000. 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 THENDRAL COLONY 3rd STREET?

THENDRAL COLONY 3rd 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 plays a crucial role during the registration of property transactions in Villivakkam. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value set by the authorities.

It is essential for buyers and sellers to be aware of the guideline value, as it can significantly impact the overall cost of property transactions. Understanding the guideline value helps in budgeting for additional fees associated with property registration.

Frequently asked questions

What is the current guideline value of THENDRAL COLONY 3rd STREET?

The current guideline value of THENDRAL COLONY 3rd 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, reflecting an overall increase of +525% over this period.

What is the land classification for THENDRAL COLONY 3rd STREET?

THENDRAL COLONY 3rd STREET is classified under Residential Class II Type - II, according to the local land classification system.

Where can I find the Villivakkam Sub Registrar Office?

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

How is the stamp duty calculated for properties in THENDRAL COLONY 3rd STREET?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 66,00,000 would incur a stamp duty of Rs 4,62,000.