Guideline Value for THIRUVEEKA STREET (WARD-21)

Thiruveeka Street (Ward-21) guideline value

The current guideline value of Thiruveeka Street (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Thailavaram village under the Chengleput Joint II SRO, classified as Residential Class II Type - I.

How the guideline value of Thiruveeka Street (Ward-21) has changed

The guideline value for Thiruveeka Street (Ward-21) has seen several revisions over the years. In 2012, the value was Rs 600 per sq.ft, which decreased to Rs 402 per sq.ft in 2017. This marked a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49% to Rs 600 per sq.ft. The latest revision in 2024 shows an increase of 10%, bringing the current guideline value to Rs 660 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value is Rs 770 per sq.ft, making Thiruveeka Street's 2024 figure below that median.

• Thiruvalluvar Street (Ward-21): Rs 660 per sq.ft (2024)
• Thiruvalluvar Street (Ward-20): Rs 881 per sq.ft (2024)
• Thulukkanathamman Koil Street (Ward -1): Rs 770 per sq.ft (2024)
• Thirumurugan Nagar Main Road (Ward -1): Rs 770 per sq.ft (2024)
• Vainavi Crystal Garden: Rs 1,100 per sq.ft (2024)
• Vallalar Nagar Ambedkar Street (Ward-21): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruveeka Street (Ward-21)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruveeka Street (Ward-21)?

The Sub Registrar Office that covers Thiruveeka Street (Ward-21) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important factor when registering property in Thailavaram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during a transaction. Buyers and sellers should be aware that the guideline value can affect the overall cost of property transfer.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both parties are aware of the financial obligations involved in the transaction. It is essential to consult the latest guideline values to understand the potential costs associated with property registration.

Frequently asked questions

What is the current guideline value of Thiruveeka Street (Ward-21)?

The current guideline value of Thiruveeka Street (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification of Thiruveeka Street (Ward-21)?

Thiruveeka Street (Ward-21) is classified as Residential Class II Type - I.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Thiruveeka Street (Ward-21)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 660 per sq.ft would incur a stamp duty of Rs 46,200.