Guideline Value for THIYAGI VISWANATHA DASS NAGAR

Thiyagi Viswanatha Dass Nagar guideline value

The current guideline value of Thiyagi Viswanatha Dass Nagar is Rs 1,001 per sq.ft, effective from 1 July 2024. This area is located in Kosappur village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Thiyagi Viswanatha Dass Nagar has changed

The guideline value for Thiyagi Viswanatha Dass Nagar has undergone several revisions since 2007. The 2007 revision set the value at Rs 100 per sq.ft, which increased significantly to Rs 450 per sq.ft in 2012. However, there was a decrease to Rs 301 per sq.ft in 2017. The value then rose to Rs 1,001 per sq.ft in both the 2023 and 2024 revisions, indicating a substantial increase of 233% from 2017 to 2023.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. The guideline value has shown an overall increase of 901% from the 2007 revision to the current 2024 revision.

Guideline values in Kosappur

Kosappur village has 25 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,600 per sq.ft. The median guideline value for these streets is Rs 1,002 per sq.ft, placing Thiyagi Viswanatha Dass Nagar's 2024 figure slightly below this median.

• Vasantham Colony: Rs 1,002 per sq.ft (2024)
• Thangam Colony Ext: Rs 1,002 per sq.ft (2024)
• Thangam Colony: Rs 1,002 per sq.ft (2024)
• Venkateshwara Nagar: Rs 1,002 per sq.ft (2024)
• Subam Colony Extn: Rs 1,002 per sq.ft (2024)
• Subam Colony: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Thiyagi Viswanatha Dass Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, while the registration fee at 2% would be Rs 20,020, making the total cost Rs 90,090. 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 accurate calculations.

Which Sub Registrar Office covers Thiyagi Viswanatha Dass Nagar?

The Thiruvottiyur Sub Registrar Office covers Thiyagi Viswanatha Dass Nagar. The office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Kosappur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When purchasing a property, the guideline value ensures that the transaction is recorded at a fair value, thereby preventing underreporting of property prices. This process helps maintain transparency in real estate transactions within the region.

Frequently asked questions

What is the current guideline value of Thiyagi Viswanatha Dass Nagar?

The current guideline value of Thiyagi Viswanatha Dass Nagar is Rs 1,001 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 100 per sq.ft in 2007 to Rs 1,001 per sq.ft in 2024, marking an overall increase of 901% over this period.

What is the stamp duty rate for properties in Thiyagi Viswanatha Dass Nagar?

The stamp duty rate for properties in Thiyagi Viswanatha Dass Nagar is 7% of the guideline value or sale price, whichever is higher.

Where can I calculate the stamp duty and registration fees?

You can calculate the stamp duty and registration fees using our stamp duty and registration fee calculator.

Which office registers properties in Thiyagi Viswanatha Dass Nagar?

The Thiruvottiyur Sub Registrar Office is responsible for registering properties in Thiyagi Viswanatha Dass Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.