Guideline Value for THIRUVALLUVAR KUDIYIRUPPU 22nd STREET

THIRUVALLUVAR KUDIYIRUPPU 22nd STREET guideline value

The current guideline value for THIRUVALLUVAR KUDIYIRUPPU 22nd 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 22nd STREET has changed

The guideline value for THIRUVALLUVAR KUDIYIRUPPU 22nd STREET has seen several revisions over the years. In 2007, the value was Rs 5,000 per sq.ft, which increased to Rs 7,500 per sq.ft in 2012, marking a 50% rise. However, the value decreased by 33% to Rs 5,025 per sq.ft in 2017. The following revision in 2023 saw a significant increase to Rs 7,500 per sq.ft, which further rose by 9% to the current value of Rs 8,200 per sq.ft in 2024.

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 64%.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median value is Rs 4,900 per sq.ft, placing THIRUVALLUVAR KUDIYIRUPPU 22nd STREET above this median.

• THIRUVALLUVAR KUDIYIRUPPU 21st STREET: Rs 8,200 per sq.ft (2024)
• THIRUVALLUVAR KUDIYIRUPPU 23rd STREET: Rs 8,200 per sq.ft (2024)
• THIRUVALLUVAR KUDIYIRUPPU 20th STREET: Rs 8,200 per sq.ft (2024)
• THIRUVALLUVAR KUDIYIRUPPU 24th STREET: Rs 8,200 per sq.ft (2024)
• THIRUVALLUVAR KUDIYIRUPPU 19th STREET: Rs 8,200 per sq.ft (2024)
• THIRUVALLUVAR KUDIYIRUPPU 25th STREET: Rs 8,200 per sq.ft (2024)

Stamp duty and registration fee for property in THIRUVALLUVAR KUDIYIRUPPU 22nd 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, and the registration fee at 2% would be Rs 1,64,000, totaling Rs 7,38,000. Please 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 information.

Which Sub Registrar Office covers THIRUVALLUVAR KUDIYIRUPPU 22nd STREET?

THIRUVALLUVAR KUDIYIRUPPU 22nd STREET is covered by the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering a property in Villivakkam. It is used to determine the stamp duty and registration fees applicable during the transaction. Buyers and sellers must be aware of the current guideline value to ensure proper compliance with registration requirements.

When a property is sold, the guideline value serves as a benchmark for calculating the fees, which are necessary for the legal transfer of ownership. It is essential to consult the latest figures to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of THIRUVALLUVAR KUDIYIRUPPU 22nd STREET?

The current guideline value of THIRUVALLUVAR KUDIYIRUPPU 22nd 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, reflecting an overall increase of 64% over the years.

What is the land classification for THIRUVALLUVAR KUDIYIRUPPU 22nd STREET?

The land classification for THIRUVALLUVAR KUDIYIRUPPU 22nd STREET is Residential Class II Type - I.

Where can I find the Villivakkam Sub Registrar Office?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is the stamp duty calculated for properties in THIRUVALLUVAR KUDIYIRUPPU 22nd STREET?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 82,00,000, the stamp duty would be Rs 5,74,000 at a rate of 7%.