Guideline Value for THIRU VENKADA PERUMAL KOIL STREET

Thiru Venkada Perumal Koil Street guideline value

The current guideline value of Thiru Venkada Perumal Koil Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village under the Kodambakkam SRO, and it falls under the Residential Class V Type - I land classification.

How the guideline value of Thiru Venkada Perumal Koil Street has changed

The guideline value for Thiru Venkada Perumal Koil Street has undergone several revisions over the years. In 2002, the value was Rs 414 per sq.ft, which increased to Rs 456 per sq.ft in 2003. Following this, the value saw a significant rise to Rs 700 per sq.ft in 2007, and then it jumped to Rs 3,000 per sq.ft in 2012. However, it dropped to Rs 2,010 per sq.ft in 2017 before climbing again to Rs 3,000 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft.

Between the revisions, the changes were notable. From 2002 to 2003, the increase was +10%. The value surged by +54% from 2003 to 2007, and then it saw a massive increase of +329% from 2007 to 2012. However, there was a decrease of -33% from 2012 to 2017, followed by a significant rise of +49% from 2017 to 2023. The latest revision from 2023 to 2024 reflects an increase of +10%. Overall, from 2002 to 2024, the guideline value has increased by +697%.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median value for these streets is Rs 6,000 per sq.ft, placing Thiru Venkada Perumal Koil Street's 2024 guideline value below that median.

• Thiru. VI.Ka Street: Rs 5,300 per sq.ft (2024)
• Thiruveethiammam Koil Street: Rs 4,700 per sq.ft (2024)
• Thiruvalluvar Street (Amaravathi Nagar): Rs 4,400 per sq.ft (2024)
• Thiruvalluvar Nagar (Near Kalki Nagar): Rs 3,800 per sq.ft (2024)
• Tnhb Colony: Rs 3,300 per sq.ft (2024)
• Thiruvadudurai Adhinam Nagar: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru Venkada Perumal Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator to estimate your costs.

Which Sub Registrar Office covers Thiru Venkada Perumal Koil Street?

The Sub Registrar Office that covers Thiru Venkada Perumal Koil Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. For more information, you can find your SRO.

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

The guideline value is a critical factor in property transactions in Arumbakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that are payable at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it can influence the overall costs associated with property transactions. This ensures that all parties involved are informed about the financial implications of the sale or purchase.

Frequently asked questions

What is the current guideline value of Thiru Venkada Perumal Koil Street?

The current guideline value of Thiru Venkada Perumal Koil Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 414 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of +697% over the years.

What is the land classification of Thiru Venkada Perumal Koil Street?

Thiru Venkada Perumal Koil Street falls under the Residential Class V Type - I land classification.

What are the stamp duty and registration fees for property in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 33,00,000, the total fees would be Rs 2,97,000.

Which office handles registrations for Thiru Venkada Perumal Koil Street?

The Kodambakkam Sub Registrar Office handles registrations for Thiru Venkada Perumal Koil Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.