Guideline Value for THIRU VEE KA NAGAR

Thiru Vee Ka Nagar guideline value

The current guideline value of Thiru Vee Ka Nagar, located in Kolatti village under the Ponneri SRO, is Rs 220 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Thiru Vee Ka Nagar has changed

The guideline value for Thiru Vee Ka Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 220 per sq.ft, an increase from Rs 200 per sq.ft in the 2023 revision. The 2023 revision itself was a significant jump from Rs 134 per sq.ft in 2017, marking a 49% increase. Prior to that, the 2012 revision also set the value at Rs 200 per sq.ft, but this was a decrease of 33% from the 2017 figure.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kolatti

In Kolatti village, there are 18 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 330 per sq.ft. The median value for these streets is Rs 275 per sq.ft, placing Thiru Vee Ka Nagar's 2024 figure below this median.

• Thirumurugan Nagar: Rs 330 per sq.ft (2024)
• Vallalar Nagar: Rs 330 per sq.ft (2024)
• Sri Thiruvenkadapuram Nagar: Rs 330 per sq.ft (2024)
• Sri Ragavendira Modern Town: Rs 330 per sq.ft (2024)
• Ram Tulasi Nagar: Rs 330 per sq.ft (2024)
• Puduppedu School Road: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru Vee Ka Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, bringing the total fees to Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiru Vee Ka Nagar?

The Sub Registrar Office that covers Thiru Vee Ka Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value plays a crucial role during the property registration process in Kolatti. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thiru Vee Ka Nagar?

The current guideline value of Thiru Vee Ka Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2023 to Rs 220 per sq.ft in 2024. It was Rs 134 per sq.ft in 2017 and Rs 200 per sq.ft in 2012, showing significant fluctuations over the years.

What is the median guideline value for streets in Kolatti?

The median guideline value for the 18 streets in Kolatti under the Ponneri SRO is Rs 275 per sq.ft, with Thiru Vee Ka Nagar's current value being below this median.

What is the registration office for Thiru Vee Ka Nagar?

The registration office for Thiru Vee Ka Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated for properties in Thiru Vee Ka Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 2,20,000, the stamp duty would be Rs 15,400 at a rate of 7%.