Guideline Value for THIRU NAGAR 11th STREET

THIRU NAGAR 11th STREET guideline value

The current guideline value of THIRU NAGAR 11th 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 11th STREET has changed

The guideline value for THIRU NAGAR 11th STREET has undergone several revisions over the years. In 2007, the value was Rs 1,750 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012. However, this figure dropped to Rs 3,015 per sq.ft in 2017. The value then rose to Rs 4,500 per sq.ft in 2023, and currently stands at Rs 4,900 per sq.ft as of the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 for this street.

Between the revisions, the most significant increase occurred from 2007 to 2012, with a rise of 157%. The value then decreased by 33% from 2012 to 2017. Following that, there was a remarkable increase of 49% from 2017 to 2023, and a further increase of 9% from 2023 to 2024. 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, with guideline values ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,900 per sq.ft, which aligns with the current value of THIRU NAGAR 11th STREET.

• THIRU NAGAR 10th 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 11th STREET

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

Which Sub Registrar Office covers THIRU NAGAR 11th STREET?

THIRU NAGAR 11th STREET falls under 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

When buying or selling property in Villivakkam, the guideline value serves as a benchmark for determining the minimum price at which a property can be registered. It is essential for both buyers and sellers to be aware of the guideline value to ensure compliance with registration norms.

At the time of registration, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of THIRU NAGAR 11th STREET?

The current guideline value of THIRU NAGAR 11th 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 seen several changes, from Rs 1,750 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024. Notably, there was a significant increase of 157% from 2007 to 2012, followed by a drop in 2017, and then consistent increases thereafter.

What is the median guideline value in Villivakkam?

The median guideline value in Villivakkam is Rs 4,900 per sq.ft, which is the same as the current guideline value for THIRU NAGAR 11th STREET.

What are the stamp duty and registration fees for THIRU NAGAR 11th STREET?

For a 1,000 sq.ft plot, the total guideline value is Rs 49,00,000. The stamp duty would be Rs 3,43,000, and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

Which office handles registrations for THIRU NAGAR 11th STREET?

The Villivakkam Sub Registrar Office handles registrations for THIRU NAGAR 11th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.