Guideline Value for THIRU NAGAR 17th STREET

THIRU NAGAR 17th STREET guideline value

The current guideline value of THIRU NAGAR 17th STREET is Rs 4,900 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 III Type - II.

How the guideline value of THIRU NAGAR 17th STREET has changed

Over the years, the guideline value of THIRU NAGAR 17th STREET has seen significant changes. The 2007 revision recorded a guideline value of Rs 1,750 per sq.ft, which increased to Rs 4,500 per sq.ft in 2012, marking a rise of 157%. However, the value then decreased to Rs 3,015 per sq.ft in 2017, reflecting a decrease of 33%. The subsequent revisions saw the value rise to Rs 4,500 per sq.ft in 2023, and then to Rs 4,900 per sq.ft in 2024, indicating a 9% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the current 2024 figure, there has been a substantial increase of 180%. It is important to note that the register has no figure for THIRU NAGAR 17th STREET in the years 2002 and 2003.

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 is Rs 4,900 per sq.ft, which is equal to the 2024 figure for THIRU NAGAR 17th STREET.

• THIRU NAGAR 16th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 18th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 15th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 19th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 14th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 13th STREET: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in THIRU NAGAR 17th STREET

For a 1,000 sq.ft plot at the current rate of Rs 4,900 per sq.ft, the 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, totaling Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers THIRU NAGAR 17th STREET?

THIRU NAGAR 17th 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

The guideline value is a crucial factor when registering property transactions in Villivakkam. It is used to determine the stamp duty and registration fees that are applicable during the sale or purchase of property.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair value. This helps in maintaining transparency and accountability in the real estate market.

Frequently asked questions

What is the current guideline value of THIRU NAGAR 17th STREET?

The current guideline value of THIRU NAGAR 17th 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, representing an overall increase of 180%.

What are the stamp duty and registration fees for properties in this area?

For a property valued at 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 17th STREET?

The Villivakkam Sub Registrar Office handles registrations for THIRU NAGAR 17th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for THIRU NAGAR 17th STREET?

THIRU NAGAR 17th STREET is classified as Residential Class III Type - II.