Guideline Value for Thiru.Ve.Ka. Street

Thiru.Ve.Ka. Street guideline value

The current guideline value of Thiru.Ve.Ka. Street in Anakaputhur village is Rs 1,760 per sq.ft, effective from 1 July 2024. This street falls under the Pammal Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Thiru.Ve.Ka. Street has changed

The guideline value for Thiru.Ve.Ka. Street has seen significant changes over the years. In 2003, the value was Rs 211 per sq.ft, which increased to Rs 300 per sq.ft in 2007. Following that, the value surged to Rs 1,072 per sq.ft in 2017, marking a 257% increase from the previous revision. The 2023 revision set the value at Rs 1,600 per sq.ft, a 49% rise from 2017, and the most recent 2024 revision has increased it to Rs 1,760 per sq.ft, reflecting a 10% increase from 2023.

There are no figures available for the years 2002 and 2012 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 734%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO, with 2024 guideline values ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, indicating that Thiru.Ve.Ka. Street's 2024 figure is below this median.

• Thiru.Ve.Ka.Street Lane: Rs 1,760 per sq.ft (2024)
• Tholar Stalin Nagar: Rs 2,350 per sq.ft (2024)
• Thomaiyar Street: Rs 1,760 per sq.ft (2024)
• Thiruvalluvar Pettai: Rs 1,760 per sq.ft (2024)
• Thriuvalluvar IIIrd Cross Street: Rs 1,320 per sq.ft (2024)
• Thriuvalluvar IInd Cross Street: Rs 1,320 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total cost for these fees to Rs 1,58,400. It is important to note that the 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 detailed calculations.

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

The Thiru.Ve.Ka. Street is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a critical role during the registration of property transactions in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the baseline value of the property. This value is crucial for calculating the applicable stamp duty and registration fees, which are based on the higher of the guideline value or the sale price.

Frequently asked questions

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

The current guideline value of Thiru.Ve.Ka. Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 211 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, marking an overall increase of 734% over the years.

What are the stamp duty and registration fees for property on Thiru.Ve.Ka. Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 17,60,000, resulting in a stamp duty of Rs 1,23,200 and a registration fee of Rs 35,200, totaling Rs 1,58,400.

Which Sub Registrar Office covers this street?

The Pammal Sub Registrar Office covers Thiru.Ve.Ka. Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value of a property, affecting the stamp duty and registration fees. It ensures that the government receives the appropriate revenue based on the higher of the guideline value or the sale price.