Guideline Value for THIRU.V.K NAGAR 6TH STREET

Thiru.V.K Nagar 6th Street guideline value

The current guideline value of Thiru.V.K Nagar 6th 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 falls under the Residential Class IV Type - I land classification.

How the guideline value of Thiru.V.K Nagar 6th Street has changed

The guideline value for Thiru.V.K Nagar 6th Street has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a 300% rise. However, it then decreased to Rs 1,340 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 2,000 per sq.ft in 2023, followed by a further increase to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Perambur

In Perambur, the guideline values vary significantly across the 1,114 streets under the Purasaivakkam SRO, ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value of Thiru.V.K Nagar 6th Street is below this median.

• Thiru.V.K Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• Thiru.V.K Nagar 7th Street: Rs 2,200 per sq.ft (2024)
• Thiru.V.K Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Thiru.V.K Nagar 8th Street: Rs 2,200 per sq.ft (2024)
• Thiru.V.K Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Thiru.V.K Nagar 9th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru.V.K Nagar 6th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, while the registration fee at 2% would amount to Rs 44,000. Together, the total cost for stamp duty and registration would be Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thiru.V.K Nagar 6th Street?

The Sub Registrar Office that covers Thiru.V.K Nagar 6th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the property registration process in Perambur. When a property is sold, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the government receives the appropriate revenue based on the property's assessed value.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall costs involved in a property transaction. Accurate knowledge of these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Thiru.V.K Nagar 6th Street?

The current guideline value of Thiru.V.K Nagar 6th 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 from Rs 500 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 340% over the years.

What are the stamp duty rates for properties in Thiru.V.K Nagar 6th Street?

The stamp duty rate for properties in Thiru.V.K Nagar 6th Street is 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Thiru.V.K Nagar 6th Street?

The Purasaivakkam Sub Registrar Office handles property registrations for Thiru.V.K Nagar 6th Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Thiru.V.K Nagar 6th Street?

Thiru.V.K Nagar 6th Street falls under the Residential Class IV Type - I land classification.