Guideline Value for Thiru-vi-ka Street

Thiru-vi-ka Street guideline value

The current guideline value of Thiru-vi-ka Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this street is Residential Class II Type - II.

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

The guideline value for Thiru-vi-ka Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 594 per sq.ft. This increased to Rs 797 per sq.ft in 2003, marking a change of +34%. The next revision in 2007 saw a significant jump to Rs 1,200 per sq.ft, an increase of +51%. In 2012, the value was Rs 3,000 per sq.ft, reflecting a substantial rise of +150%. However, the 2017 revision brought the value down to Rs 2,010 per sq.ft, a decrease of -33%. The value then increased to Rs 3,000 per sq.ft in 2023, followed by the latest revision in 2024, which set the value at Rs 3,300 per sq.ft, a change of +10%.

Overall, from 2002 to 2024, the guideline value has increased by +456%. There are no figures available for revisions in other years for this street.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value in Ayanavaram is Rs 4,900 per sq.ft, placing Thiru-vi-ka Street's 2024 figure below this median.

• Thiruvalluvar Street, 4th Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Thulukanathamman Koil Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Thiruvalluar Nagar Solai Amman koil street: Rs 4,900 per sq.ft (2024)
• Thiruvalluar NagarKamaraj street: Rs 4,900 per sq.ft (2024)
• Thiruvalluar NagarAnna Street: Rs 4,900 per sq.ft (2024)
• Thiruvalluar NagarAnna Cross Street: Rs 4,900 per sq.ft (2024)

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

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, making a total of Rs 2,97,000. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

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

The Sub Registrar Office that covers Thiru-vi-ka Street 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 information.

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

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

It is important to note that the actual sale price may be higher than the guideline value, in which case the duty is charged on the higher amount. 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-vi-ka Street?

The current guideline value of Thiru-vi-ka Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 594 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of +456% over the years.

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

Thiru-vi-ka Street is classified as Residential Class II Type - II, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000. Duty is charged on the higher of the guideline value and the sale price.

Where is the Sub Registrar Office located for Thiru-vi-ka Street?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037. This office handles the registration of properties in the area.