Guideline Value for THIRUVALLUVAR KUDIYIRUPPU 21st STREET

THIRUVALLUVAR KUDIYIRUPPU 21st STREET guideline value

The current guideline value for THIRUVALLUVAR KUDIYIRUPPU 21st STREET is Rs 8,200 per sq.ft, effective from 1 July 2024. This street is located in Villivakkam village, under the jurisdiction of the Villivakkam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of THIRUVALLUVAR KUDIYIRUPPU 21st STREET has changed

The guideline value for THIRUVALLUVAR KUDIYIRUPPU 21st STREET has undergone several revisions over the years. The 2007 revision set the value at Rs 5,000 per sq.ft, which increased to Rs 7,500 per sq.ft in 2012, representing a 50% rise. However, there was a significant drop of 33% in the 2017 revision, bringing the value down to Rs 5,025 per sq.ft. The value saw a substantial increase of 49% in the 2023 revision, reaching Rs 7,500 per sq.ft, before rising again to Rs 8,200 per sq.ft in the 2024 revision, marking a 9% increase.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO that have a 2024 guideline value ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, indicating that THIRUVALLUVAR KUDIYIRUPPU 21st STREET's 2024 figure is above this median.

• THIRUVALLUVAR KUDIYIRUPPU 20th STREET: Rs 8,200 per sq.ft (2024)
• THIRUVALLUVAR KUDIYIRUPPU 22nd STREET: Rs 8,200 per sq.ft (2024)
• THIRUVALLUVAR KUDIYIRUPPU 19th STREET: Rs 8,200 per sq.ft (2024)
• THIRUVALLUVAR KUDIYIRUPPU 23rd STREET: Rs 8,200 per sq.ft (2024)
• THIRUVALLUVAR KUDIYIRUPPU 18th STREET: Rs 8,200 per sq.ft (2024)
• THIRUVALLUVAR KUDIYIRUPPU 24th STREET: Rs 8,200 per sq.ft (2024)

Stamp duty and registration fee for property in THIRUVALLUVAR KUDIYIRUPPU 21st STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 8,200 per sq.ft, the total guideline value amounts to Rs 82,00,000. The stamp duty at 7% would be Rs 5,74,000, while the registration fee at 2% would be Rs 1,64,000, bringing the total cost for these fees to Rs 7,38,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers THIRUVALLUVAR KUDIYIRUPPU 21st STREET?

The Sub Registrar Office that covers THIRUVALLUVAR KUDIYIRUPPU 21st STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property in Villivakkam. It serves as a benchmark for determining the stamp duty and registration fees that are payable during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the registration process reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of THIRUVALLUVAR KUDIYIRUPPU 21st STREET?

The current guideline value of THIRUVALLUVAR KUDIYIRUPPU 21st STREET is Rs 8,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,000 per sq.ft in 2007 to Rs 8,200 per sq.ft in 2024, marking an overall increase of 64% over the years.

What is the median guideline value for streets in Villivakkam?

The median guideline value for streets in Villivakkam is Rs 4,900 per sq.ft, indicating that THIRUVALLUVAR KUDIYIRUPPU 21st STREET's value is above this median.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 7,38,000.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for THIRUVALLUVAR KUDIYIRUPPU 21st STREET is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037. You can find more information by using the provided link.