Guideline Value for THIRUVENGADAIAH 3RD LANE

Thiruvengadaiah 3rd Lane guideline value

The current guideline value of Thiruvengadaiah 3rd Lane 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 3rd Lane has changed

The guideline value for Thiruvengadaiah 3rd Lane has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which decreased to Rs 2,010 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,000 per sq.ft in 2023, and further rose to Rs 3,300 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 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. The guideline value of Thiruvengadaiah 3rd Lane is below this median.

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

Stamp duty and registration fee for property in Thiruvengadaiah 3rd Lane

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the 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, totaling 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvengadaiah 3rd Lane?

The Thiruvengadaiah 3rd Lane is covered by 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 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, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with the registration requirements set by the local authorities.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. It is essential for both parties to be aware of the guideline value to avoid any legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Thiruvengadaiah 3rd Lane?

The current guideline value of Thiruvengadaiah 3rd Lane 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 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for Thiruvengadaiah 3rd Lane?

Thiruvengadaiah 3rd Lane is classified as Residential Class IV Type - II, indicating its suitability for residential development.

What other streets have the same guideline value?

Other streets in Villivakkam, such as Thiruvengadaiah 2nd Street, Thiruvengadaiah Street, and Thiruvengadaiah 1st Lane, also have a guideline value of Rs 3,300 per sq.ft for 2024.

Where can I find more information about stamp duty and registration fees?

For more information about stamp duty and registration fees, you can use the stamp duty and registration fee calculator available on our site.