Guideline Value for THIRU NAGAR 36th STREET

THIRU NAGAR 36th STREET guideline value

The current guideline value of THIRU NAGAR 36th STREET is Rs 4,900 per sq.ft, as per the 2024 revision 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 36th STREET has changed

Over the years, the guideline value for THIRU NAGAR 36th 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, this value dropped to Rs 3,015 per sq.ft in 2017. The 2023 revision raised it to Rs 4,500 per sq.ft, and the current 2024 revision has further increased it to Rs 4,900 per sq.ft.

From 2007 to 2024, the overall change in guideline value is +180%. Notably, the change from 2023 to 2024 is +9%, while the increase from 2017 to 2023 is +49%. The value experienced a significant drop of -33% from 2012 to 2017, but before that, it had surged by +157% from 2007 to 2012.

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 for these streets is Rs 4,900 per sq.ft, which aligns with the current value of THIRU NAGAR 36th STREET.

• THIRU NAGAR 35th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 37th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 34th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 3rd STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 33rd STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 32nd STREET: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in THIRU NAGAR 36th 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, bringing the total cost to Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers THIRU NAGAR 36th STREET?

The Sub Registrar Office that covers THIRU NAGAR 36th STREET is 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 details.

How the guideline value is used when you buy or sell in Villivakkam

The guideline value plays a crucial role during property transactions in Villivakkam. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. This ensures that the government receives the appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the current guideline value, as it can impact the overall cost of the transaction. Buyers should ensure that they are prepared for these costs when entering into a sale agreement.

Frequently asked questions

What is the current guideline value of THIRU NAGAR 36th STREET?

The current guideline value of THIRU NAGAR 36th 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 this period.

What is the stamp duty rate for properties in THIRU NAGAR 36th STREET?

The stamp duty rate for properties in THIRU NAGAR 36th STREET is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for THIRU NAGAR 36th STREET?

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

What is the land classification of THIRU NAGAR 36th STREET?

THIRU NAGAR 36th STREET is classified as Residential Class III Type - II.