Guideline Value for Thiru Vi Ka Colony

Thiru Vi Ka Colony guideline value

The current guideline value for Thiru Vi Ka Colony, located in Periakudal village under the AnnaNagar SRO, is Rs 15,400 per sq.ft, effective from 1 July 2024. This area falls under the Commercial Class I Type - I land classification.

How the guideline value of Thiru Vi Ka Colony has changed

The guideline value for Thiru Vi Ka Colony has undergone several revisions over the years. In 2007, the guideline value was Rs 2,300 per sq.ft. This figure saw a significant increase to Rs 14,000 per sq.ft in 2012, marking a remarkable rise of 509%. However, in 2017, the value adjusted downwards to Rs 9,380 per sq.ft, a decrease of 33%. The value then increased again to Rs 14,000 per sq.ft in 2023, followed by the current rate of Rs 15,400 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 570%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Periakudal

In Periakudal village, there are 101 streets under the AnnaNagar SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 23,553 per sq.ft, with a median value of Rs 11,500 per sq.ft. Thiru Vi Ka Colony's current guideline value is above this median.

• Valliammal School: Rs 14,800 per sq.ft (2024)
• Valliammal Science College (for Women): Rs 14,800 per sq.ft (2024)
• Tamilar Nagar: Rs 4,400 per sq.ft (2024)
• V.O.C.Nagar, Main Road, G Block: Rs 12,600 per sq.ft (2024)
• W- Block, 3rd Avenue, C-12 to C-19, S.B. Kalyana Mandapam, D.K. Kalyana Mandapam, TNSC Bank: Rs 15,900 per sq.ft (2024)
• W Block, Streets: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru Vi Ka Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 15,400 per sq.ft, the total guideline value amounts to Rs 1,54,00,000. The stamp duty, charged at 7%, would be Rs 10,78,000, and the registration fee at 2% would be Rs 3,08,000, bringing the total fees to Rs 13,86,000. 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 Thiru Vi Ka Colony?

The Thiru Vi Ka Colony falls under the jurisdiction of the AnnaNagar 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 details.

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

The guideline value plays a crucial role in the registration process of property transactions in Periakudal. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. The fees are calculated based on this value, ensuring that all transactions are in compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Thiru Vi Ka Colony?

The current guideline value of Thiru Vi Ka Colony is Rs 15,400 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 2,300 per sq.ft in 2007 to Rs 15,400 per sq.ft in 2024, reflecting an overall increase of 570% over the years.

What are the registration fees for property in Thiru Vi Ka Colony?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Which office handles registrations for Thiru Vi Ka Colony?

The AnnaNagar Sub Registrar Office handles registrations for Thiru Vi Ka Colony, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the significance of the guideline value in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It ensures that all transactions comply with the regulations set by the Registration Department.