Guideline Value for THIRU.V.K NAGAR EXTN.

Thiru.V.K Nagar Extn. guideline value

The current guideline value of Thiru.V.K Nagar Extn. is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class IV Type - I.

How the guideline value of Thiru.V.K Nagar Extn. has changed

The guideline value for Thiru.V.K Nagar Extn. has seen significant changes over the years. In 2002, the value was Rs 336 per sq.ft, which increased to Rs 369 per sq.ft in 2003, marking a 10% rise. The value then rose to Rs 500 per sq.ft in 2007, a 36% increase from the previous revision. Following this, the value surged to Rs 1,340 per sq.ft in 2017, representing a substantial 168% increase. In 2023, the value reached Rs 2,000 per sq.ft, a 49% rise from 2017. The latest revision in 2024 has set the value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 555%. It is important to note that there is no figure available for the year 2012 in the register for this street.

Guideline values in Perambur

In Perambur, the guideline values range from Rs 1,600 to Rs 7,100 per sq.ft as of 2024, with a median value of Rs 2,700 per sq.ft. Thiru.V.K Nagar Extn.'s 2024 guideline value of Rs 2,200 per sq.ft is below this median.

• Thiru.V.K Nagar 9th Street: Rs 2,200 per sq.ft (2024)
• Thiru.V.K Nagar Main Road: Rs 2,200 per sq.ft (2024)
• Thiru.V.K Nagar 8th 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 6th Street: Rs 2,200 per sq.ft (2024)
• Thiru.V.K Nagar 5th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru.V.K Nagar Extn.

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, bringing the total charges to 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.

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

Which Sub Registrar Office covers Thiru.V.K Nagar Extn.?

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

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

The guideline value plays a crucial role during the registration of property transactions in Perambur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, which are mandatory charges that must be settled during the registration process. This ensures that both buyers and sellers are aware of the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Thiru.V.K Nagar Extn.?

The current guideline value of Thiru.V.K Nagar Extn. 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 increased from Rs 336 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 555% over the years.

What is the land classification of Thiru.V.K Nagar Extn.?

Thiru.V.K Nagar Extn. is classified as Residential Class IV Type - I.

What are the stamp duty and registration fees for a property in Thiru.V.K Nagar Extn.?

For a property valued at Rs 22,00,000, the 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 Thiru.V.K Nagar Extn.?

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