Guideline Value for THIRU NAGAR 21st STREET

THIRU NAGAR 21st STREET guideline value

The current guideline value of THIRU NAGAR 21st 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 21st STREET has changed

The guideline value for THIRU NAGAR 21st STREET has seen several revisions over the years. In 2007, the value was Rs 1,750 per sq.ft, which increased to Rs 4,500 per sq.ft in 2012, marking a significant rise of 157%. However, this value dropped to Rs 3,015 per sq.ft in 2017, representing a decrease of 33%. The value then increased dramatically to Rs 4,500 per sq.ft in 2023, which was a rise of 49% from the previous revision. As of the 2024 revision, the guideline value is now Rs 4,900 per sq.ft, reflecting a 9% increase from 2023.

The register has no 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 under the Villivakkam SRO with 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 current value of THIRU NAGAR 21st STREET.

• THIRU NAGAR 20th 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 1st STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 24th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 25th STREET: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in THIRU NAGAR 21st 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, and the registration fee at 2% would be Rs 98,000, together totaling 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers THIRU NAGAR 21st STREET?

THIRU NAGAR 21st STREET is covered by the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the 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 key factor when registering properties in Villivakkam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When buying or selling property, the guideline value serves as a benchmark for the minimum value against which the transaction is assessed. This ensures that the appropriate taxes are collected based on the established guideline value.

Frequently asked questions

What is the current guideline value of THIRU NAGAR 21st STREET?

The current guideline value of THIRU NAGAR 21st 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%.

What is the registration office for THIRU NAGAR 21st STREET?

The registration office for THIRU NAGAR 21st STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the stamp duty and registration fees for a property in THIRU NAGAR 21st STREET?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 49,00,000, the total fees would be Rs 4,41,000.

What is the land classification for THIRU NAGAR 21st STREET?

THIRU NAGAR 21st STREET is classified as Residential Class III Type - II.