Guideline Value for THIRU NAGAR 37th STREET

THIRU NAGAR 37th STREET guideline value

The current guideline value of THIRU NAGAR 37th STREET is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Villivakkam village, under the jurisdiction of the Villivakkam SRO, and falls under the Residential Class III Type - II land classification.

How the guideline value of THIRU NAGAR 37th STREET has changed

Since the 2007 revision, the guideline value of THIRU NAGAR 37th STREET has seen significant changes. The value was Rs 1,750 per sq.ft in 2007, which increased to Rs 4,500 per sq.ft in 2012, marking a rise of 157%. However, it then decreased to Rs 3,015 per sq.ft in 2017, a drop of 33%. From 2017 to 2023, the guideline value rose sharply to Rs 4,500 per sq.ft, reflecting a 49% increase. The most recent revision in 2024 set the value at Rs 4,900 per sq.ft, an increase of 9% from 2023.

The register does not have figures for the years 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 have 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, which is the same as the current value for THIRU NAGAR 37th STREET.

• THIRU NAGAR 36th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 3rd STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 35th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 34th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 4th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 33rd STREET: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in THIRU NAGAR 37th 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 fees 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers THIRU NAGAR 37th STREET?

THIRU NAGAR 37th STREET falls under the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential figure used during the registration of property transactions in Villivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer or seller approaches the Villivakkam SRO, the guideline value helps ensure that the transaction is recorded accurately, reflecting the property's value as per the latest revisions. This process is crucial for maintaining transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value of THIRU NAGAR 37th STREET?

The current guideline value of THIRU NAGAR 37th 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 increased 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 stamp duty for properties in THIRU NAGAR 37th STREET?

The stamp duty for properties in THIRU NAGAR 37th STREET is 7% of the guideline value, which amounts to Rs 3,43,000 for a 1,000 sq.ft plot at the current rate.

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.

What is the land classification of THIRU NAGAR 37th STREET?

THIRU NAGAR 37th STREET is classified under Residential Class III Type - II land classification.