Guideline Value for Thiru Vi Ka Street, Thillaiyadi Valliammai Nagar

Thiru Vi Ka Street, Thillaiyadi Valliammai Nagar guideline value

The current guideline value of Thiru Vi Ka Street, Thillaiyadi Valliammai Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Thirumangalam village under the AnnaNagar SRO and is classified as Residential Class II Type - I.

How the guideline value of Thiru Vi Ka Street, Thillaiyadi Valliammai Nagar has changed

In the 2012 revision, the guideline value was Rs 3,000 per sq.ft. This figure saw a decrease to Rs 2,010 per sq.ft in the 2017 revision, marking a drop of 33%. However, from 2017 to 2023, the guideline value increased significantly by 49%, reaching Rs 3,000 per sq.ft. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for Thiru Vi Ka Street. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%.

Guideline values in Thirumangalam

In Thirumangalam, there are 149 streets under the AnnaNagar SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 15,900 per sq.ft, with a median value of Rs 11,500 per sq.ft. Thiru Vi Ka Street's 2024 figure is below this median.

• Thillaiyadi Valliammai Nagar: Rs 4,400 per sq.ft (2024)
• Temple View Colony/Flats: Rs 14,800 per sq.ft (2024)
• Telephone Stores: Rs 11,500 per sq.ft (2024)
• Sunshine Apartments: Rs 13,200 per sq.ft (2024)
• Vivekananda Street: Rs 11,500 per sq.ft (2024)
• Y- Block (West) 1593, 3013, 3065 2907 (Near Natesan Co-operative Training Institute) 13th Main Road: Rs 13,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru Vi Ka Street, Thillaiyadi Valliammai Nagar

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Thiru Vi Ka Street, Thillaiyadi Valliammai Nagar?

The Sub Registrar Office covering Thiru Vi Ka Street, Thillaiyadi Valliammai Nagar is 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 Thirumangalam

The guideline value is a crucial factor in property transactions in Thirumangalam. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. This value is set by the Registration Department and is regularly updated to reflect changes in the real estate market.

When registering a property, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions, regardless of the actual sale price.

Frequently asked questions

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

The current guideline value of Thiru Vi Ka Street, Thillaiyadi Valliammai Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 3,000 to Rs 3,300 per sq.ft in 2024. The value saw a decrease in 2017, then an increase in the following revisions.

What is the land classification for Thiru Vi Ka Street?

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

Where can I find the registration office for this area?

The registration office for Thiru Vi Ka Street, Thillaiyadi Valliammai Nagar is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Thirumangalam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 33,00,000, the stamp duty at 7% would be Rs 2,31,000.