Guideline Value for Thiru.V.Ka Nagar/Road

Thiru.V.Ka Nagar/Road guideline value

The current guideline value of Thiru.V.Ka Nagar/Road is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - III.

How the guideline value of Thiru.V.Ka Nagar/Road has changed

The guideline value for Thiru.V.Ka Nagar/Road has undergone several revisions over the years. The earliest recorded figure was in 2017, set at Rs 1,005 per sq.ft. This value saw a significant increase to Rs 1,500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the guideline value to Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO, with the 2024 guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which is equal to the current guideline value of Thiru.V.Ka Nagar/Road.

• Thiru.V.Ka. Street: Rs 1,650 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,100 per sq.ft (2024)
• Thirunavukkasu Street: Rs 1,650 per sq.ft (2024)
• Thirumurugan Street: Rs 3,850 per sq.ft (2024)
• Thirumurugan Salai: Rs 3,850 per sq.ft (2024)
• ThirumuruganNagar ramanar street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru.V.Ka Nagar/Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total cost for these fees Rs 1,48,500. It is important to note that the 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.V.Ka Nagar/Road?

The Sub Registrar Office that covers Thiru.V.Ka Nagar/Road is 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 details.

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

The guideline value is a crucial factor in property transactions in Chitlapakkam. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable during the sale or purchase of property.

When a buyer or seller engages in a transaction, the guideline value ensures that the property is not undervalued, thereby maintaining a standard for property transactions in the area. This value is updated periodically to reflect changes in the real estate market.

Frequently asked questions

What is the current guideline value of Thiru.V.Ka Nagar/Road?

The current guideline value of Thiru.V.Ka Nagar/Road is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

From 2017 to 2024, the guideline value has increased by 64%, rising from Rs 1,005 per sq.ft to Rs 1,650 per sq.ft.

What are the stamp duty and registration fees for property in Thiru.V.Ka Nagar/Road?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value. For a property valued at Rs 16,50,000, the total fees would amount to Rs 1,48,500.

Which Sub Registrar Office is responsible for Thiru.V.Ka Nagar/Road?

The Tambaram Joint 1 Sub Registrar Office is responsible for Thiru.V.Ka Nagar/Road, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How often is the guideline value revised?

The guideline value is revised periodically, with the most recent revisions recorded in 2024, 2023, and 2017 for Thiru.V.Ka Nagar/Road. There are no recorded figures for the years 2002, 2003, 2007, and 2012.