Guideline Value for THIRU.V.K.COLONY ALL STREETS

Thiru.V.K.Colony All Streets guideline value

The current guideline value for Thiru.V.K.Colony All Streets is Rs 1,600 per sq.ft, effective from 1 July 2024. This area is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class V Type - I.

How the guideline value of Thiru.V.K.Colony All Streets has changed

The guideline value for Thiru.V.K.Colony All Streets has seen several revisions over the years. The 2007 revision set the value at Rs 500 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, this figure dropped to Rs 1,005 per sq.ft in 2017 before climbing to Rs 1,500 per sq.ft again in 2023. The latest revision in 2024 has further increased the guideline value to Rs 1,600 per sq.ft, marking a 7% rise from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 220%. Notably, the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO with 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 for Thiru.V.K.Colony All Streets is below this median.

• Thiru.V.K Nagar 10th 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 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 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.Colony All Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, while the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your property details.

Which Sub Registrar Office covers Thiru.V.K.Colony All Streets?

The Sub Registrar Office that covers Thiru.V.K.Colony All Streets 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 crucial factor during property transactions in Perambur. It serves as a benchmark for determining the minimum value of a property, which is essential for calculating stamp duty and registration fees at the time of sale.

When buying or selling a property, the guideline value ensures that the transaction is recorded accurately and transparently, helping to prevent undervaluation and ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Thiru.V.K.Colony All Streets?

The current guideline value of Thiru.V.K.Colony All Streets is Rs 1,600 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 1,600 per sq.ft in 2024, reflecting a total increase of 220% over the years.

Where can I find the registration office for Thiru.V.K.Colony?

The registration office for Thiru.V.K.Colony is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the stamp duty rate in Tamil Nadu?

The stamp duty rate in Tamil Nadu is typically 7% of the guideline value or sale price, whichever is higher.

How is the guideline value determined?

The guideline value is determined based on various factors, including location, land classification, and historical revisions by the Registration Department.