Guideline Value for THIRUVIKA STREET, KAKKANJI NAGAR

Thiruvika Street, Kakkanji Nagar guideline value

The current guideline value of Thiruvika Street in Kakkanji Nagar is Rs 988 per sq.ft, effective from 1 July 2024. This street falls under the jurisdiction of the Avadi SRO and is classified as Residential Class II Type - I.

How the guideline value of Thiruvika Street, Kakkanji Nagar has changed

The guideline value for Thiruvika Street has seen several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 79 per sq.ft. This increased to Rs 91 per sq.ft in 2003, marking a 15% rise. The value continued to climb significantly, reaching Rs 386 per sq.ft in 2007, which was a 324% increase. In 2012, the value remained at Rs 900 per sq.ft, showing no change from the previous revision. However, it dropped to Rs 603 per sq.ft in 2017, a decrease of 33%. The value then increased to Rs 900 per sq.ft in 2023, followed by a rise to the current figure of Rs 988 per sq.ft in 2024, representing a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1151%. There are no figures available for the years not listed in the register for this street.

Guideline values in Thandurai

Thandurai village has a total of 331 streets under the Avadi SRO, with the 2024 guideline values ranging from Rs 800 to Rs 2,640 per sq.ft. The median guideline value for these streets is Rs 988 per sq.ft, which is the same as the current value for Thiruvika Street.

• Thiruvika Street: Rs 988 per sq.ft (2024)
• Thottakaran Street: Rs 800 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,300 per sq.ft (2024)
• Thzhu Noyali Kudiyuruppu: Rs 800 per sq.ft (2024)
• Thiruvalluvar St, (M.T.H.Road Southern Side): Rs 1,300 per sq.ft (2024)
• Thiruvalluvar St, Kamarajapuram: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvika Street, Kakkanji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value would be Rs 9,88,000. The stamp duty, charged at 7%, would amount to Rs 69,160, and the registration fee, at 2%, would be Rs 19,760. Together, the total cost for these fees would be Rs 88,920. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Thiruvika Street, Kakkanji Nagar?

The Sub Registrar Office that covers Thiruvika Street, Kakkanji Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor in the process of buying or selling property in Thandurai. It serves as a reference point for determining the minimum value at which a property can be registered. When a buyer purchases property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

It is important for buyers and sellers to be aware of the guideline value, as it can impact the overall costs associated with property transactions. Proper understanding of these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Thiruvika Street, Kakkanji Nagar?

The current guideline value of Thiruvika Street, Kakkanji Nagar is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 79 per sq.ft in 2002 to Rs 988 per sq.ft in 2024, representing an overall increase of 1151% over the years.

What is the stamp duty for properties on Thiruvika Street?

The stamp duty for properties on Thiruvika Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Thiruvika Street located?

The Sub Registrar Office for Thiruvika Street is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification for Thiruvika Street?

Thiruvika Street is classified as Residential Class II Type - I, indicating its suitability for residential development.