Guideline Value for THIRU.VI.KA STREET

Thiru.VI.Ka Street guideline value

The current guideline value of Thiru.VI.Ka Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Chinnasekkadu village under the Thiruvottiyur SRO, classified as Residential Class I Type - I.

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

The guideline value for Thiru.VI.Ka Street has undergone several revisions over the years. In 2002, the value was Rs 157 per sq.ft, which increased to Rs 182 per sq.ft in 2003. Following this, the value saw a significant rise to Rs 500 per sq.ft in 2007, and then it further increased to Rs 1,200 per sq.ft in 2012. However, between 2012 and 2017, the value decreased to Rs 804 per sq.ft. The subsequent revision in 2023 brought the value back up to Rs 1,200 per sq.ft, and the latest revision in 2024 set it at Rs 1,300 per sq.ft.

From 2002 to 2024, the overall change in the guideline value is an increase of 728%. The changes between specific revisions include an increase of 8% from 2023 to 2024, a 49% increase from 2017 to 2023, a decrease of 33% from 2012 to 2017, a 140% increase from 2007 to 2012, a 175% increase from 2003 to 2007, and a 16% increase from 2002 to 2003.

Guideline values in Chinnasekkadu

In Chinnasekkadu village, there are 49 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Thiru.VI.Ka Street's 2024 guideline value of Rs 1,300 per sq.ft is above this median.

• Thiruvengadam Street: Rs 1,001 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,500 per sq.ft (2024)
• Vallivel Nadar Street: Rs 1,001 per sq.ft (2024)
• Vedhachalam Street: Rs 1,001 per sq.ft (2024)
• Vedhagiri Pillai Street: Rs 1,100 per sq.ft (2024)
• Swamidas Street: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru.VI.Ka Street

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

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

The Sub Registrar Office that covers Thiru.VI.Ka Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Chinnasekkadu. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property in the area.

When a property is registered, the authorities will assess the guideline value to ensure that the correct fees are collected. This value serves as a benchmark for transactions and helps maintain transparency in property dealings.

Frequently asked questions

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

The current guideline value of Thiru.VI.Ka Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, with the most recent increase being from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024.

What is the land classification of Thiru.VI.Ka Street?

Thiru.VI.Ka Street is classified as Residential Class I Type - I.

What are the other streets in Chinnasekkadu with their guideline values?

Other streets in Chinnasekkadu have various guideline values, with Thiruvengadam Street at Rs 1,001 per sq.ft, Thiruvalluvar Street at Rs 1,500 per sq.ft, and several others listed above.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.