Guideline Value for THIRU NAGAR 20th STREET

THIRU NAGAR 20th STREET guideline value

The current guideline value of THIRU NAGAR 20th 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 20th STREET has changed

The guideline value for THIRU NAGAR 20th STREET has seen several revisions over the years. The 2007 revision set the value at Rs 1,750 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012, marking a 157% rise. However, this value dropped to Rs 3,015 per sq.ft in 2017, a decrease of 33%. The subsequent revisions saw the value rise again to Rs 4,500 per sq.ft in 2023, and currently, it stands at Rs 4,900 per sq.ft as of the 2024 revision, reflecting a 9% increase from the previous year.

Notably, there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from the 2007 revision to the 2024 revision, 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 is equal to the current value of THIRU NAGAR 20th STREET.

• THIRU NAGAR 21st STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 1st STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 22nd STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 23rd STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 19th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 24th STREET: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in THIRU NAGAR 20th 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. Therefore, the total cost for these fees would be 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers THIRU NAGAR 20th STREET?

THIRU NAGAR 20th STREET falls under the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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 must be paid when buying or selling property in the area.

When registering a property, the guideline value is considered to ensure that the appropriate fees are collected based on the value of the property being transferred. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of THIRU NAGAR 20th STREET?

The current guideline value of THIRU NAGAR 20th 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, marking an overall increase of 180% over the years.

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 Sub Registrar Office is responsible for THIRU NAGAR 20th STREET?

The Villivakkam Sub Registrar Office is responsible for THIRU NAGAR 20th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification of THIRU NAGAR 20th STREET?

THIRU NAGAR 20th STREET is classified as Residential Class III Type - II.