Guideline Value for THIRU NAGAR 27th STREET

THIRU NAGAR 27th STREET guideline value

The current guideline value of THIRU NAGAR 27th STREET is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Villivakkam village and falls under the Villivakkam SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of THIRU NAGAR 27th STREET has changed

The guideline value for THIRU NAGAR 27th STREET has undergone 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 the 2012 revision. However, the value decreased to Rs 3,015 per sq.ft in the 2017 revision. The 2023 revision then raised it to Rs 4,500 per sq.ft, and the most recent 2024 revision has set the value at Rs 4,900 per sq.ft.

Between the revisions, the changes were notable. From 2017 to 2023, there was a 49% increase, and from 2023 to 2024, there was a 9% increase. In contrast, the value saw a decrease of 33% from 2012 to 2017, while it had a substantial increase of 157% from 2007 to 2012. 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 guideline values 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 2024 figure for THIRU NAGAR 27th STREET.

• THIRU NAGAR 26th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 28th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 25th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 29th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 24th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 23rd STREET: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in THIRU NAGAR 27th STREET

For a 1,000 sq.ft plot at the current rate, the 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, 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers THIRU NAGAR 27th STREET?

THIRU NAGAR 27th STREET falls under 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 plays a crucial role in the registration process of property transactions in Villivakkam. It is used to determine the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When a property is bought or sold, the guideline value serves as a benchmark for calculating the applicable duties. Buyers and sellers should be aware that the charges will be based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of THIRU NAGAR 27th STREET?

The current guideline value of THIRU NAGAR 27th 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 is the land classification for THIRU NAGAR 27th STREET?

THIRU NAGAR 27th STREET is classified as Residential Class III Type - II.

Where is the Villivakkam Sub Registrar Office located?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is the stamp duty calculated for properties in Villivakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 at 7%.