Guideline Value for Thendadaivada veedhi

Thendadaivada veedhi guideline value

The current guideline value of Thendadaivada veedhi is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Pungathur village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Class II Type - I.

How the guideline value of Thendadaivada veedhi has changed

The guideline value for Thendadaivada veedhi has seen several revisions over the years. The 2007 revision set the value at Rs 150 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012, marking a 367% rise. However, in 2017, the value dropped to Rs 469 per sq.ft, a decrease of 33%. The 2023 revision brought the value back up to Rs 700 per sq.ft, and the most recent 2024 revision set it at Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

In summary, from 2007 to 2024, the overall increase in the guideline value is 413%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Pungathur

Pungathur village has a range of guideline values across its 32 streets under the Tiruvallur Joint 1 SRO, with values ranging from Rs 550 to Rs 2,500 per sq.ft. The median guideline value in the village is Rs 1,485 per sq.ft, placing Thendadaivada veedhi's 2024 figure below that median.

• Terapanth Nagar: Rs 1,650 per sq.ft (2024)
• Sri Vari Nagar: Rs 1,650 per sq.ft (2024)
• Vadavandai Vada Veedi: Rs 550 per sq.ft (2024)
• Sri Kanagavalli Thayar Avenue: Rs 1,650 per sq.ft (2024)
• Vasumathi Nagar: Rs 2,000 per sq.ft (2024)
• Sree Kanakavalli Thayar Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Thendadaivada veedhi

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, totaling Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thendadaivada veedhi?

The Sub Registrar Office that covers Thendadaivada veedhi is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process for property transactions in Pungathur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on an officially recognized value.

When buying or selling property, it is essential to be aware of the current guideline value, as it can impact the overall costs involved in the transaction. Buyers should ensure that they are informed of the guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Thendadaivada veedhi?

The current guideline value of Thendadaivada veedhi is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 413% over the years.

What is the land classification of Thendadaivada veedhi?

Thendadaivada veedhi is classified as Residential Class II Type - I.

What is the median guideline value in Pungathur?

The median guideline value in Pungathur is Rs 1,485 per sq.ft, with Thendadaivada veedhi's 2024 figure being below this median.

Where can I find the Sub Registrar Office for Thendadaivada veedhi?

The Sub Registrar Office for Thendadaivada veedhi is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.