Guideline Value for THIRU NAGAR 33rd STREET

THIRU NAGAR 33rd STREET guideline value

The current guideline value of THIRU NAGAR 33rd 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 33rd STREET has changed

The guideline value for THIRU NAGAR 33rd STREET has undergone several revisions over the years. The 2007 revision set the value at Rs 1,750 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in the 2012 revision, but then decreased to Rs 3,015 per sq.ft in 2017. The value saw a substantial rise to Rs 4,500 per sq.ft in the 2023 revision, and most recently, it has been revised to Rs 4,900 per sq.ft in 2024, marking a 9% increase from the previous year.

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 for these streets is Rs 4,900 per sq.ft, which is the same as the guideline value for THIRU NAGAR 33rd STREET.

• THIRU NAGAR 32nd STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 34th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 31st STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 35th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 30th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 36th STREET: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in THIRU NAGAR 33rd 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, while the registration fee at 2% would be Rs 98,000, leading to a total of Rs 4,41,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers THIRU NAGAR 33rd STREET?

THIRU NAGAR 33rd STREET falls under the jurisdiction of 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 minimum value at which properties can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value affects the calculation of stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of THIRU NAGAR 33rd STREET?

The current guideline value of THIRU NAGAR 33rd 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 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 covers THIRU NAGAR 33rd STREET?

The Villivakkam Sub Registrar Office covers THIRU NAGAR 33rd STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value in Villivakkam?

The median guideline value for streets in Villivakkam is Rs 4,900 per sq.ft, which is the same as the guideline value for THIRU NAGAR 33rd STREET.