Guideline Value for THIRU NAGAR 9th STREET

THIRU NAGAR 9th STREET guideline value

The current guideline value of THIRU NAGAR 9th 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 9th STREET has changed

The guideline value for THIRU NAGAR 9th STREET has seen several revisions over the years. In 2007, the value was set at Rs 1,750 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012. However, it then dropped to Rs 3,015 per sq.ft in 2017. The value rose again to Rs 4,500 per sq.ft in 2023, before reaching the current value of Rs 4,900 per sq.ft in 2024, marking a 9% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 180%. The register has no figures for the years 2002 and 2003 for this street.

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 9th STREET.

• THIRU NAGAR 8th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 7th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 6th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 5th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 4th STREET: Rs 4,900 per sq.ft (2024)
• THIRU NAGAR 3rd STREET: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in THIRU NAGAR 9th STREET

For a 1,000 sq.ft plot at the current rate, the guideline value is 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. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers THIRU NAGAR 9th STREET?

The Sub Registrar Office covering THIRU NAGAR 9th 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Villivakkam. It helps determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value serves as a benchmark for calculating the fees, ensuring that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of THIRU NAGAR 9th STREET?

The current guideline value of THIRU NAGAR 9th 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 9th STREET?

THIRU NAGAR 9th STREET is classified as Residential Class III Type - II.

Where can I find the Sub Registrar Office for THIRU NAGAR 9th STREET?

The Sub Registrar Office for THIRU NAGAR 9th STREET is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in THIRU NAGAR 9th STREET?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fee would amount to Rs 4,41,000.