Guideline Value for Thiru V K Lane/Street

Thiru V K Lane/Street guideline value

The current guideline value of Thiru V K Lane/Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Thalakanancherry village, under the Alandur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Thiru V K Lane/Street has changed

The guideline value for Thiru V K Lane/Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 3,900 per sq.ft, an increase from Rs 3,500 per sq.ft in 2023, which reflects an 11% rise. Prior to that, the 2017 revision had the value at Rs 2,345 per sq.ft, showing a significant increase of 49% by 2023. The 2012 revision also recorded a value of Rs 3,500 per sq.ft, which represented a decrease of 33% from the 2017 figure.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, which is equal to the guideline value of Thiru V K Lane/Street.

• Thiruvalluvar Street: Rs 2,800 per sq.ft (2024)
• T.N.G.O. Colony 1st Main Road: Rs 4,400 per sq.ft (2024)
• T.N.G.O. Colony 1st Street: Rs 4,400 per sq.ft (2024)
• T.N.G.O. Colony 2nd Main Road: Rs 4,400 per sq.ft (2024)
• T.N.G.O. Colony 2nd Street: Rs 4,400 per sq.ft (2024)
• T.N.G.O. Colony 3rd Main Road: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru V K Lane/Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total fees to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiru V K Lane/Street?

The Sub Registrar Office that covers Thiru V K Lane/Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Thalakanancherry. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable during the sale or purchase of the property.

When a property is sold, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Thiru V K Lane/Street?

The current guideline value of Thiru V K Lane/Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent increase from Rs 3,500 per sq.ft in 2023 to Rs 3,900 per sq.ft in 2024, marking an 11% rise. The value was Rs 2,345 per sq.ft in 2017 and Rs 3,500 per sq.ft in 2012.

What are the stamp duty and registration fees for properties in Thiru V K Lane/Street?

For a 1,000 sq.ft plot valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 and the registration fee would be Rs 78,000, totaling Rs 3,51,000. Duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers this street?

The Alandur Sub Registrar Office covers Thiru V K Lane/Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification of Thiru V K Lane/Street?

Thiru V K Lane/Street is classified as Residential Class I Type - III, indicating its suitability for residential development.