Guideline Value for Thiru-vi-ka 3rd Street

Thiru-vi-ka 3rd Street guideline value

The current guideline value of Thiru-vi-ka 3rd Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Kadaperi village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - III.

How the guideline value of Thiru-vi-ka 3rd Street has changed

The guideline value for Thiru-vi-ka 3rd Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, a 10% increase from Rs 1,200 per sq.ft in 2023. Prior to that, the value rose significantly from Rs 804 per sq.ft in 2017, marking a 49% increase. The value also saw a decrease from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, a drop of 33%. The value increased dramatically from Rs 600 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012, a 100% rise. Overall, from 2007 to 2024, the guideline value has increased by 120%.

It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kadaperi

In Kadaperi, there are 142 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 7,700 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value of Thiru-vi-ka 3rd Street is below this median.

• Thiru-vi-ka 2nd Street: Rs 1,320 per sq.ft (2024)
• Thiru-vi-ka Ist Street: Rs 1,320 per sq.ft (2024)
• Thomas South Street: Rs 1,650 per sq.ft (2024)
• Thomas Street: Rs 3,300 per sq.ft (2024)
• Thomas West Street: Rs 1,650 per sq.ft (2024)
• Thiruvalluvarpuram Bajanai Koil Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru-vi-ka 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. Duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiru-vi-ka 3rd Street?

The Thiru-vi-ka 3rd Street is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kadaperi. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is important for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Thiru-vi-ka 3rd Street?

The current guideline value of Thiru-vi-ka 3rd Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase of 10% from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024. The value has increased significantly overall by 120% from Rs 600 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024.

What is the land classification for Thiru-vi-ka 3rd Street?

Thiru-vi-ka 3rd Street is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Thiru-vi-ka 3rd Street?

The Sub Registrar Office covering Thiru-vi-ka 3rd Street is the Tambaram Joint 1 SRO, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for properties in Thiru-vi-ka 3rd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 at a rate of 7%.