Guideline Value for THIRU NAGAR 3rd STREET

THIRU NAGAR 3rd STREET guideline value

The current guideline value of THIRU NAGAR 3rd 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 3rd STREET has changed

The guideline value for THIRU NAGAR 3rd 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 2012, reflecting a rise of 157%. However, the value decreased to Rs 3,015 per sq.ft in 2017, marking a decline of 33%. The 2023 revision brought the value back up to Rs 4,500 per sq.ft, and the latest revision in 2024 has set it at Rs 4,900 per sq.ft, an increase of 9% from the previous year.

There are no figures available for THIRU NAGAR 3rd STREET in the 2002 and 2003 revisions. 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 guideline value is Rs 4,900 per sq.ft, which is equal to the current value of THIRU NAGAR 3rd STREET.

• THIRU NAGAR 37th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 36th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 4th 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 5th STREET: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in THIRU NAGAR 3rd 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 for these 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 details.

Which Sub Registrar Office covers THIRU NAGAR 3rd STREET?

THIRU NAGAR 3rd STREET falls under the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near 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 a property in Villivakkam. It serves as a benchmark for determining the stamp duty and registration fees that are applicable at the time of property transactions.

Frequently asked questions

What is the current guideline value of THIRU NAGAR 3rd STREET?

The current guideline value of THIRU NAGAR 3rd 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%.

What is the land classification for THIRU NAGAR 3rd STREET?

THIRU NAGAR 3rd STREET is classified as Residential Class III Type - II.

Where can I find the Sub Registrar Office for THIRU NAGAR 3rd STREET?

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

How is the stamp duty calculated for properties in THIRU NAGAR 3rd STREET?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 3,43,000.