Guideline Value for Thiru.V.Ka. Street

Thiru.V.Ka. Street guideline value

The current guideline value of Thiru.V.Ka. Street 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. Street has changed

In the 2012 revision, the guideline value was Rs 1,500 per sq.ft. This figure remained until the 2017 revision, where it decreased to Rs 1,005 per sq.ft, reflecting a decline of 33%. The value then increased significantly to Rs 1,500 per sq.ft in the 2023 revision, and further rose to Rs 1,650 per sq.ft in the 2024 revision, marking a 10% increase.

From 2017 to 2023, the value saw a substantial increase of 49%. Overall, comparing the figures from 2012 to 2024, there has been a 10% increase in the guideline value. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Chitlapakkam

Chitlapakkam village has a total of 548 streets under the Tambaram Joint 1 SRO, with 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 the same as the current value for Thiru.V.Ka. Street.

• Thiru.V.Ka Nagar/Road: 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)
• Thirumurugan Nagar ramanar street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru.V.Ka. Street

For a 1,000 sq.ft plot at the current rate, the guideline value is 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 Rs 1,48,500. 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 details.

Which Sub Registrar Office covers Thiru.V.Ka. Street?

The Sub Registrar Office that covers Thiru.V.Ka. Street 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 information.

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

The guideline value is an important factor when registering property transactions in Chitlapakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that both the buyer and seller are aware of the minimum value recognized by the authorities.

When a property is sold, the guideline value is considered to determine the applicable duties. It is essential for buyers and sellers to be informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thiru.V.Ka. Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification of Thiru.V.Ka. Street?

Thiru.V.Ka. Street is classified as Residential Class I Type - III.

What is the stamp duty for properties on Thiru.V.Ka. Street?

The stamp duty for properties on Thiru.V.Ka. Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Thiru.V.Ka. Street?

The Sub Registrar Office for Thiru.V.Ka. Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059.