Guideline Value for THIRU.V.KA. STREET

Thiru.V.Ka. Street guideline value

The current guideline value of Thiru.V.Ka. Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Jelandianpettai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Thiru.V.Ka. Street has changed

The guideline value for Thiru.V.Ka. Street has seen significant changes over the years. In the 2012 revision, the value was Rs 2,000 per sq.ft, which decreased to Rs 1,340 per sq.ft in the 2017 revision. However, this was followed by a substantial increase to Rs 2,000 per sq.ft in the 2023 revision, and finally, it rose to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The revisions for the years 2002, 2003, and 2007 do not have any figures listed for this street in the register.

Guideline values in Jelandianpettai

In Jelandianpettai, there are 248 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 7,500 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, which is equal to the current figure for Thiru.V.Ka. Street.

• Thiruvengadam Street: Rs 2,200 per sq.ft (2024)
• Thiruvalluvar Street: Rs 2,750 per sq.ft (2024)
• Uthukulam @ Thiruvalluvar Street: Rs 2,200 per sq.ft (2024)
• Thirukural Street: Rs 2,200 per sq.ft (2024)
• Vaithiyalingam Street: Rs 2,200 per sq.ft (2024)
• Vallalar Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru.V.Ka. 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 amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling 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 detailed calculations.

Which Sub Registrar Office covers Thiru.V.Ka. Street?

The Sub Registrar Office that covers Thiru.V.Ka. Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Jelandianpettai. It serves as a reference point for determining the stamp duty and registration fees applicable to the property transaction.

Frequently asked questions

What is the current guideline value of Thiru.V.Ka. Street?

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

How much has the guideline value changed over the years?

Since the 2012 revision, the guideline value has increased from Rs 2,000 per sq.ft to Rs 2,200 per sq.ft in 2024, reflecting a 10% overall increase over this period.

Which Sub Registrar Office covers Jelandianpettai?

The Chennai South Joint I Sub Registrar Office covers Jelandianpettai, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot would incur a total of Rs 1,98,000 in fees.

Where can I find more information about stamp duty calculations?

You can use the stamp duty and registration fee calculator for detailed calculations based on the guideline value.