Guideline Value for THIRU.V.K NAGAR 1ST STREET

Thiru.V.K Nagar 1st Street guideline value

The current guideline value of Thiru.V.K Nagar 1st Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, and it falls under Residential Class IV Type - I land classification.

How the guideline value of Thiru.V.K Nagar 1st Street has changed

The guideline value of Thiru.V.K Nagar 1st Street has seen several revisions over the years. In 2003, the guideline value was Rs 369 per sq.ft, which increased to Rs 500 per sq.ft in 2007, marking a 36% increase. Following this, the value surged to Rs 2,000 per sq.ft in 2012, reflecting a significant increase of 300%. However, from 2012 to 2017, the value decreased to Rs 1,340 per sq.ft, which was a decline of 33%. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, representing a 64% increase from the 2017 figure.

It is important to note that there are no figures available for the years 2023 and 2002 for this street. Overall, the guideline value has increased by 496% from 2003 to 2024.

Guideline values in Perambur

In Perambur, there are 1114 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, which means that Thiru.V.K Nagar 1st Street's 2024 guideline value is below this median.

• Thiru.V.K Nagar 1st Extn.: Rs 2,200 per sq.ft (2024)
• Thiru.V.K Nagar 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Thiru.V.K Nagar 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Thiru.V.K Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Thiru.V.K Nagar 10th Street: Rs 2,200 per sq.ft (2024)
• Thiru.V.K Nagar 3rd Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru.V.K Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, leading to a total of Rs 1,98,000. 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.V.K Nagar 1st Street?

The Sub Registrar Office that covers Thiru.V.K Nagar 1st Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perambur. It serves as a reference point for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value helps buyers and sellers navigate the financial aspects of property transactions. It ensures that the correct fees are paid, thereby facilitating a smooth registration process.

Frequently asked questions

What is the current guideline value of Thiru.V.K Nagar 1st Street?

The current guideline value of Thiru.V.K Nagar 1st Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 369 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 496% over the years.

What are the stamp duty and registration fees for property in Thiru.V.K Nagar 1st Street?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers this area?

The Purasaivakkam Sub Registrar Office covers Thiru.V.K Nagar 1st Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the median guideline value in Perambur?

The median guideline value in Perambur is Rs 2,700 per sq.ft for the year 2024, which means Thiru.V.K Nagar 1st Street's guideline value is below this median.