Guideline Value for THIRUVENGADAIAH 1st STREET

THIRUVENGADAIAH 1st STREET guideline value

The current guideline value of THIRUVENGADAIAH 1st STREET is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Villivakkam village, under the Villivakkam SRO, and is classified as Residential Class IV Type - II.

How the guideline value of THIRUVENGADAIAH 1st STREET has changed

The guideline value for THIRUVENGADAIAH 1st STREET has undergone several revisions over the years. In 2007, the value was Rs 750 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a 300% rise. However, in 2017, the value decreased to Rs 2,010 per sq.ft, a drop of 33%. The value then rose again to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 340%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 13,200 per sq.ft, with a median value of Rs 4,900 per sq.ft. THIRUVENGADAIAH 1st STREET's current guideline value is below this median.

• Thiruvengadaiah 1st Lane: Rs 3,300 per sq.ft (2024)
• THIRUVENGADAIAH 2nd CROSS STREET: Rs 3,300 per sq.ft (2024)
• THIRUVENGADAIAH 1st CROSS STREET: Rs 3,300 per sq.ft (2024)
• Thiruvengadaiah 2nd Lane: Rs 3,300 per sq.ft (2024)
• THIRUVENGADAIAH 2nd STREET: Rs 3,300 per sq.ft (2024)
• Thiruvengadaiah 3rd Lane: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in THIRUVENGADAIAH 1st STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers THIRUVENGADAIAH 1st STREET?

The THIRUVENGADAIAH 1st STREET falls under the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Villivakkam. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property. Buyers and sellers should be aware that the guideline value may influence the overall cost of the transaction.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that the transaction is compliant with local regulations. This value reflects the official assessment of property worth in the area, which is essential for both buyers and sellers to understand.

Frequently asked questions

What is the current guideline value of THIRUVENGADAIAH 1st STREET?

The current guideline value of THIRUVENGADAIAH 1st STREET is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 340% over the years.

What are the stamp duty and registration fees for properties here?

For a property valued at the current guideline value of Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers this street?

THIRUVENGADAIAH 1st STREET is covered by the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the guideline values of other streets in Villivakkam?

Other streets in Villivakkam have guideline values ranging from Rs 1,600 to Rs 13,200 per sq.ft, with the median being Rs 4,900 per sq.ft. THIRUVENGADAIAH 1st STREET's value is below this median.