Guideline Value for THENDRAL COLONY 5th STREET

THENDRAL COLONY 5th STREET guideline value

The current guideline value of THENDRAL COLONY 5th 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 is classified as Residential Class II Type - II.

How the guideline value of THENDRAL COLONY 5th STREET has changed

The guideline value for THENDRAL COLONY 5th STREET has undergone several revisions over the years. In 2002, the guideline value was Rs 1,056 per sq.ft, which increased to Rs 1,205 per sq.ft in 2003, marking a change of +14%. The value then rose significantly to Rs 1,750 per sq.ft in 2007, reflecting an increase of +45%. Following this, the value surged to Rs 6,000 per sq.ft in 2012, representing a remarkable increase of +243%. However, it decreased to Rs 4,020 per sq.ft in 2017, showing a decline of -33%. The guideline value then increased to Rs 6,000 per sq.ft in 2023, before reaching the current rate of 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%. The register does not contain figures for any other years for this street.

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 for these streets is Rs 4,900 per sq.ft, placing THENDRAL COLONY 5th STREET above this median.

• THENDRAL COLONY 4th STREET: Rs 6,600 per sq.ft (2024)
• THENDRAL COLONY 3rd STREET: Rs 6,600 per sq.ft (2024)
• THENDRAL COLONY 2nd STREET: Rs 6,600 per sq.ft (2024)
• THENDRAL COLONY 1st 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 5th 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 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, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers THENDRAL COLONY 5th STREET?

THENDRAL COLONY 5th 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 essential factor when registering property transactions in Villivakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property sale or purchase. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty, which is charged on the higher of the guideline value or the actual sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of THENDRAL COLONY 5th STREET?

The current guideline value of THENDRAL COLONY 5th 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 from Rs 1,056 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, showing an overall increase of +525% over this period.

What is the land classification for THENDRAL COLONY 5th STREET?

THENDRAL COLONY 5th STREET is classified as Residential Class II Type - II.

Where can I find the registration office for THENDRAL COLONY 5th STREET?

The registration office for THENDRAL COLONY 5th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 4,62,000.