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

Thiru.V.K Nagar 1st Cross Street guideline value

The current guideline value of Thiru.V.K Nagar 1st Cross 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 is classified as Residential Class IV Type - I.

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

The guideline value for Thiru.V.K Nagar 1st Cross Street has undergone several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 300%. However, the value decreased to Rs 1,340 per sq.ft in 2017, reflecting a drop of 33%. The most recent revision in 2024 saw the guideline value rise again to Rs 2,200 per sq.ft, representing an increase of 64% from the 2017 figure.

It is important to note that there are no figures available for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Perambur

In Perambur, there are 1,114 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 guideline value in this area is Rs 2,700 per sq.ft, indicating that Thiru.V.K Nagar 1st Cross Street's 2024 figure is below this median.

• Thiru.V.K Nagar 10th Street: Rs 2,200 per sq.ft (2024)
• Thiru.V.K Nagar 1st Extn.: Rs 2,200 per sq.ft (2024)
• Thiru.V.K Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Thiru.V.K Colony All Streets: Rs 1,600 per sq.ft (2024)
• Thiru.V.K Nagar 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Thiru.V.K Nagar 2nd Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru.V.K Nagar 1st Cross 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 is charged at 7%, which totals Rs 1,54,000, and the registration fee at 2% amounts to Rs 44,000. Together, the total cost for these fees is 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 Cross Street?

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

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

The guideline value plays a crucial role during the registration process of property transactions in Perambur. It serves as a benchmark for determining the minimum value at which the property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial implications of the transaction, based on the established guideline value.

Frequently asked questions

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

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

How much has the guideline value changed since 2007?

Since 2007, the guideline value has increased from Rs 500 per sq.ft to Rs 2,200 per sq.ft in 2024, representing an overall increase of 340%.

What was the guideline value in 2017?

The guideline value for Thiru.V.K Nagar 1st Cross Street in 2017 was Rs 1,340 per sq.ft.

Are there any years without a guideline value for this street?

Yes, the register has no figures for the years 2023, 2003, and 2002 for Thiru.V.K Nagar 1st Cross Street.

Where can I find the Sub Registrar Office for this street?

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