Guideline Value for THIRU NAGAR 25th STREET

THIRU NAGAR 25th STREET guideline value

The current guideline value of THIRU NAGAR 25th 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 25th STREET has changed

Over the years, the guideline value of THIRU NAGAR 25th STREET has seen several revisions. The 2007 revision set the value at Rs 1,750 per sq.ft, which increased to Rs 4,500 per sq.ft in 2012. However, it then decreased to Rs 3,015 per sq.ft in 2017. The value rose significantly to Rs 4,500 per sq.ft in 2023, and currently stands at Rs 4,900 per sq.ft from the 2024 revision. The register has no figures for the years 2002 and 2003.

From 2007 to 2024, the overall increase in the guideline value is 180%. Notably, the jump from 2023 to 2024 was 9%, while the increase from 2017 to 2023 was 49%. The decrease from 2012 to 2017 was 33%, and the significant rise from 2007 to 2012 was 157%.

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, making THIRU NAGAR 25th STREET's current value equal to this median.

• THIRU NAGAR 24th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 26th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 23rd STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 27th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 22nd STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 28th STREET: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in THIRU NAGAR 25th 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, bringing the total cost for these fees to Rs 4,41,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers THIRU NAGAR 25th STREET?

THIRU NAGAR 25th STREET falls under 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 crucial factor when registering property transactions in Villivakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When buyers and sellers agree on a sale price, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. This value is essential for both parties to understand their financial obligations in the property transfer process.

Frequently asked questions

What is the current guideline value of THIRU NAGAR 25th STREET?

The current guideline value of THIRU NAGAR 25th 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 the years.

What are the other streets with the same guideline value in Villivakkam?

Other streets in Villivakkam with the same guideline value of Rs 4,900 per sq.ft in 2024 include THIRU NAGAR 24th STREET, THIRU NAGAR 26th STREET, THIRU NAGAR 23rd STREET, THIRU NAGAR 27th STREET, THIRU NAGAR 22nd STREET, and THIRU NAGAR 28th STREET.

What is the registration fee for property in THIRU NAGAR 25th STREET?

The registration fee for property in THIRU NAGAR 25th STREET is calculated at 2% of the guideline value, which amounts to Rs 98,000 for a 1,000 sq.ft plot at the current rate.

Which office handles the registration for THIRU NAGAR 25th STREET?

The Villivakkam Sub Registrar Office handles the registration for THIRU NAGAR 25th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.