Guideline Value for THENDRAL COLONY 4th STREET

THENDRAL COLONY 4th STREET guideline value

The current guideline value of THENDRAL COLONY 4th STREET is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Villivakkam village and falls under the Villivakkam SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of THENDRAL COLONY 4th STREET has changed

The guideline value for THENDRAL COLONY 4th STREET has seen significant changes over the years. In 2002, the guideline value was Rs 1,056 per sq.ft. This increased to Rs 1,205 per sq.ft in 2003, marking a 14% rise. By 2007, the value surged to Rs 1,750 per sq.ft, reflecting a 45% increase. The value then jumped dramatically to Rs 6,000 per sq.ft in 2012, which was a 243% increase from the previous figure. However, it dropped to Rs 4,020 per sq.ft in 2017, showing a decline of 33%.

From 2017 to 2023, the guideline value rose significantly to Rs 6,000 per sq.ft, representing a 49% increase. The most recent revision in 2024 set the value at Rs 6,600 per sq.ft, a 10% increase from 2023. 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, with a median value of Rs 4,900 per sq.ft. THENDRAL COLONY 4th STREET's 2024 guideline value is above this median.

• THENDRAL COLONY 1st STREET: Rs 6,600 per sq.ft (2024)
• THENDRAL COLONY 2nd STREET: Rs 6,600 per sq.ft (2024)
• THENDRAL COLONY 3rd 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 4th 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, and the registration fee at 2% would be Rs 1,32,000, bringing the total cost for these fees to 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 4th STREET?

THENDRAL COLONY 4th 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 an important factor in property transactions in Villivakkam. It serves as a benchmark for determining the minimum price at which properties can be registered. When buying or selling a property, the guideline value helps in calculating the applicable stamp duty and registration fees.

During the registration process, the guideline value is compared with the actual sale price of the property. The higher of the two values is used to calculate the stamp duty, ensuring that the fees reflect the true market conditions. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of THENDRAL COLONY 4th STREET?

The current guideline value of THENDRAL COLONY 4th 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%.

What is the land classification for THENDRAL COLONY 4th STREET?

THENDRAL COLONY 4th STREET is classified as Residential Class II Type - II.

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 are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 5,94,000.