Guideline Value for THIRU NAGAR 1st STREET

THIRU NAGAR 1st STREET guideline value

The current guideline value of THIRU NAGAR 1st 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 1st STREET has changed

The guideline value for THIRU NAGAR 1st STREET has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 1,750 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in the 2012 revision, marking a 157% rise. However, it then dropped to Rs 3,015 per sq.ft in 2017, a decrease of 33%. The value continued to rise to Rs 4,500 per sq.ft in 2023, followed by the current value of Rs 4,900 per sq.ft from the 2024 revision, which is a 9% increase from the previous year.

It is important to note that the guideline value register does not have figures for the years 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 that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median guideline value for the village is Rs 4,900 per sq.ft, which is equal to the current value of THIRU NAGAR 1st STREET.

• THIRU NAGAR 19th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 20th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 18th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 21st STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 17th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 22nd STREET: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in THIRU NAGAR 1st STREET

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, making the total cost for these fees 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers THIRU NAGAR 1st STREET?

The Sub Registrar Office that covers THIRU NAGAR 1st STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near 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 plays a crucial role during the registration of property transactions in Villivakkam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

Frequently asked questions

What is the current guideline value of THIRU NAGAR 1st STREET?

The current guideline value of THIRU NAGAR 1st 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 this period.

What is the land classification for THIRU NAGAR 1st STREET?

THIRU NAGAR 1st STREET is classified as Residential Class III Type - II.

Where can I find the Sub Registrar Office for THIRU NAGAR 1st STREET?

The Sub Registrar Office for THIRU NAGAR 1st STREET is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office.

How is stamp duty calculated for property in THIRU NAGAR 1st STREET?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 3,43,000.