Guideline Value for THIRU NAGAR 26th STREET

THIRU NAGAR 26th STREET guideline value

The current guideline value for THIRU NAGAR 26th 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 26th STREET has changed

The guideline value for THIRU NAGAR 26th STREET has seen several revisions over the years. The earliest registered value was Rs 1,750 per sq.ft in 2007. This value increased significantly to Rs 4,500 per sq.ft in 2012, marking a 157% rise. However, it then decreased to Rs 3,015 per sq.ft in 2017, a drop of 33%. The value further increased 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, reflecting a 9% increase.

There are no figures available for the revisions in 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 that carry a 2024 guideline value ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median value is Rs 4,900 per sq.ft, which is the same as the guideline value for THIRU NAGAR 26th STREET.

• THIRU NAGAR 25th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 27th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 24th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 28th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 23rd STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 29th STREET: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in THIRU NAGAR 26th 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 be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total to 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers THIRU NAGAR 26th STREET?

THIRU NAGAR 26th STREET falls under the jurisdiction of 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 in Villivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a standard value according to the local real estate market.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction, as these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of THIRU NAGAR 26th STREET?

The current guideline value of THIRU NAGAR 26th 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 other streets with the same guideline value?

Other streets in Villivakkam that share the same guideline value of Rs 4,900 per sq.ft include THIRU NAGAR 25th STREET, THIRU NAGAR 27th STREET, THIRU NAGAR 24th STREET, THIRU NAGAR 28th STREET, THIRU NAGAR 23rd STREET, and THIRU NAGAR 29th STREET.

Where can I find the Sub Registrar Office for this area?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037. This office handles registrations for properties in THIRU NAGAR 26th STREET.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 4,41,000.