Guideline Value for THIRU.VI.KA.STEET

Thiru.VI.Ka.Steet guideline value

The current guideline value of Thiru.VI.Ka.Steet is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Vengathur village, under the Manavalanagar SRO, and is classified as Residential Class I Type - II.

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

The guideline value for Thiru.VI.Ka.Steet has seen several revisions over the years. In the 2007 revision, the value was set at Rs 125 per sq.ft. This increased significantly to Rs 800 per sq.ft in the 2012 revision, marking a 540% rise. However, in the 2017 revision, the value dropped to Rs 536 per sq.ft, a decrease of 33%. The value then rose again to Rs 800 per sq.ft in both the 2023 and 2024 revisions, showing no change between these two years.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 540%.

Guideline values in Vengathur

In Vengathur village, there are 186 streets under the Manavalanagar SRO that carry a 2024 guideline value, ranging from Rs 500 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, placing Thiru.VI.Ka.Steet's 2024 value below the median.

• Tholkappiar Street: Rs 800 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,300 per sq.ft (2024)
• Thulukanathamman Street: Rs 800 per sq.ft (2024)
• Vaikai Street: Rs 1,300 per sq.ft (2024)
• Thilakar Street: Rs 800 per sq.ft (2024)
• Valavan Street: Rs 800 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Thiru.VI.Ka.Steet is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Vengathur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is compliant with local regulations. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

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

The current guideline value of Thiru.VI.Ka.Steet is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 125 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017, and returned to Rs 800 per sq.ft in 2023 and 2024.

What are the stamp duty and registration fees for property in Thiru.VI.Ka.Steet?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000.

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

The Manavalanagar Sub Registrar Office covers Thiru.VI.Ka.Steet, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.

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

Thiru.VI.Ka.Steet is classified as Residential Class I Type - II, indicating its suitability for residential development.