Guideline Value for Thiru-Vika- Street

Thiru-Vika- Street guideline value

The current guideline value of Thiru-Vika- Street is Rs 5,400 per sq.ft, effective from 1 July 2024. This street is located in Naduvakkarai village, under the AnnaNagar SRO, and is classified as Residential Class II Type - II.

How the guideline value of Thiru-Vika- Street has changed

The guideline value for Thiru-Vika- Street has undergone several revisions over the years. In 2007, the guideline value was Rs 1,300 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012. However, it then decreased to Rs 3,350 per sq.ft in 2017. Following this, the value rose to Rs 5,000 per sq.ft in 2023, and the latest revision in 2024 set the value at Rs 5,400 per sq.ft.

Between the revisions, notable changes include an increase of 285% from 2007 to 2012, a decrease of 33% from 2012 to 2017, a substantial increase of 49% from 2017 to 2023, and an 8% increase from 2023 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Naduvakkarai

Naduvakkarai village has a total of 148 streets under the AnnaNagar SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 15,900 per sq.ft. The median guideline value for these streets is Rs 11,500 per sq.ft, making the current value of Thiru-Vika- Street below this median.

• Thiru Veedhi Amman Koil Street: Rs 5,400 per sq.ft (2024)
• TNHB 360 HIG Flats Block 443 to 467: Rs 12,100 per sq.ft (2024)
• Vallaba vinayagar Street (Sabari Nagar): Rs 5,400 per sq.ft (2024)
• T.A.S. Chellaiah Road: Rs 12,100 per sq.ft (2024)
• Suseela Chelliah Road: Rs 12,100 per sq.ft (2024)
• W Block 2nd Avenue: Rs 15,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru-Vika- Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,400 per sq.ft, the total guideline value would be Rs 54,00,000. The stamp duty at 7% would amount to Rs 3,78,000, and the registration fee at 2% would be Rs 1,08,000, bringing the total fees together to Rs 4,86,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiru-Vika- Street?

The Sub Registrar Office that covers Thiru-Vika- Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Naduvakkarai. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable charges. It is essential to be aware that the duty is charged based on the higher of the guideline value or the sale price, ensuring that the correct fees are paid to the authorities.

Frequently asked questions

What is the current guideline value of Thiru-Vika- Street?

The current guideline value of Thiru-Vika- Street is Rs 5,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2007 to Rs 5,400 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Thiru-Vika- Street?

Thiru-Vika- Street is classified as Residential Class II Type - II, indicating its designation for residential use.

Where can I find the Sub Registrar Office for Thiru-Vika- Street?

The Sub Registrar Office for Thiru-Vika- Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is the stamp duty calculated for properties in Naduvakkarai?

Stamp duty for properties in Naduvakkarai is calculated based on the guideline value or the sale price, whichever is higher. It is important to consider this during the registration process to ensure accurate fee payments.