Guideline Value for THIRU VI KA NAGAR

Thiru VI Ka Nagar guideline value

The current guideline value of Thiru VI Ka Nagar is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Peramanoor village under the Chengleput Joint II SRO, classified as Residential Class I Type - II.

How the guideline value of Thiru VI Ka Nagar has changed

The guideline value for Thiru VI Ka Nagar has seen several revisions over the years. In 2012, the value was set at Rs 900 per sq.ft. This figure remained the same until the next revision in 2017, where it dropped to Rs 603 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 900 per sq.ft in 2023, and further rose to Rs 990 per sq.ft in 2024, reflecting a 10% increase from the previous year. The overall change from 2012 to 2024 is an increase of 10%.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median value in the village is Rs 1,100 per sq.ft, indicating that Thiru VI Ka Nagar's current guideline value is below this median.

• Thiru. V.K. Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Thiyagarajar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Thiruvasagar Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Thiruvarutpa Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Thiruvalluvar Street (Ward -4): Rs 2,200 per sq.ft (2024)
• Tholkoppiyar Street (N): Rs 1,320 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total of these fees to Rs 89,100. Please 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 VI Ka Nagar?

The Thiru VI Ka Nagar area falls under the jurisdiction of the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is compared to 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 VI Ka Nagar?

The current guideline value of Thiru VI Ka Nagar is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the median guideline value in Peramanoor?

The median guideline value in Peramanoor is Rs 1,100 per sq.ft, which is higher than the current guideline value of Thiru VI Ka Nagar.

What are the stamp duty and registration fees for property in Thiru VI Ka Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 9,90,000, with stamp duty at 7% amounting to Rs 69,300 and a registration fee at 2% amounting to Rs 19,800, totaling Rs 89,100.

Where is the Sub Registrar Office for Thiru VI Ka Nagar located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.