Guideline Value for THIRU NAGAR 10th STREET

THIRU NAGAR 10th STREET guideline value

The current guideline value of THIRU NAGAR 10th STREET is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Villivakkam village under the Villivakkam SRO, classified as Residential Class III Type - II.

How the guideline value of THIRU NAGAR 10th STREET has changed

The guideline value for THIRU NAGAR 10th STREET has undergone several revisions over the years. In the 2007 revision, the value was Rs 1,750 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012, marking a rise of 157%. However, this value decreased to Rs 3,015 per sq.ft in the 2017 revision, reflecting a decline of 33%. The subsequent 2023 revision saw a substantial increase to Rs 4,500 per sq.ft, and the latest revision in 2024 has set the value at Rs 4,900 per sq.ft, a rise of 9% from the previous year.

Notably, there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 180%.

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, which aligns with the current value of THIRU NAGAR 10th STREET.

• THIRU NAGAR 11th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 12th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 13th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 14th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 15th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 16th STREET: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in THIRU NAGAR 10th STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total fees to Rs 4,41,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers THIRU NAGAR 10th STREET?

THIRU NAGAR 10th STREET falls under the jurisdiction of the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 plays a crucial role in the registration process when buying or selling property in Villivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is in accordance with the prevailing market rates.

When you proceed with a property transaction, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the registration process.

Frequently asked questions

What is the current guideline value of THIRU NAGAR 10th STREET?

The current guideline value of THIRU NAGAR 10th STREET is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,750 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 180% over the years.

What are the other streets in Villivakkam with the same guideline value?

Other streets in Villivakkam with a guideline value of Rs 4,900 per sq.ft include THIRU NAGAR 11th STREET, THIRU NAGAR 12th STREET, THIRU NAGAR 13th STREET, THIRU NAGAR 14th STREET, THIRU NAGAR 15th STREET, and THIRU NAGAR 16th STREET.

What is the registration fee for property in THIRU NAGAR 10th STREET?

The registration fee for property in THIRU NAGAR 10th STREET is calculated at 2% of the guideline value. For a property valued at Rs 49,00,000, the registration fee would be Rs 98,000.

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.