Guideline Value for THIRU.V.K NAGAR MAIN ROAD

Thiru.V.K Nagar Main Road guideline value

The current guideline value of Thiru.V.K Nagar Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This road 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 Main Road has changed

The guideline value for Thiru.V.K Nagar Main Road has seen several revisions over the years. Starting from Rs 336 per sq.ft in 2002, it increased to Rs 369 per sq.ft in 2003, marking a 10% rise. The value then rose significantly to Rs 500 per sq.ft in 2007, reflecting a 36% increase. By 2012, the value reached Rs 2,000 per sq.ft, which was a substantial 300% increase from the previous revision. However, it then decreased to Rs 1,340 per sq.ft in 2017, showing a decline of 33% before rising again to Rs 2,000 per sq.ft in 2023, a 49% increase. The most recent revision in 2024 has set the value at Rs 2,200 per sq.ft, representing a 10% increase from the previous year.

There are no figures available for any other revisions for this street. Overall, from 2002 to 2024, the guideline value has increased by 555%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that have a 2024 guideline value 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 Main Road is below this median.

• Thiru.V.K Nagar Extn.: Rs 2,200 per sq.ft (2024)
• Thiru.V.K Nagar 9th 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 7th Street: Rs 2,200 per sq.ft (2024)
• Thiru.V.K Street: Rs 3,200 per sq.ft (2024)
• Thiru.V.K Nagar 6th Street: Rs 2,200 per sq.ft (2024)

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

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 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. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiru.V.K Nagar Main Road?

The Sub Registrar Office that covers Thiru.V.K Nagar Main Road 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 is a critical factor when registering property transactions in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction process.

When a property is bought or sold, the registration office uses the guideline value to calculate the applicable fees. This ensures that the transaction is recorded accurately and that the necessary taxes are collected based on the established guideline values.

Frequently asked questions

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

The current guideline value of Thiru.V.K Nagar Main Road 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, reflecting an overall increase of 555% over this period.

What is the land classification for Thiru.V.K Nagar Main Road?

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

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using the stamp duty and registration fee calculator.

Which office handles registrations for Thiru.V.K Nagar Main Road?

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