Guideline Value for Thiru.Ve.Ka.Street Lane

Thiru.Ve.Ka.Street Lane guideline value

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

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

The guideline value for Thiru.Ve.Ka.Street Lane has seen significant changes over the years. The 2017 revision set the value at Rs 1,072 per sq.ft. This increased to Rs 1,600 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision has further increased the guideline value to Rs 1,760 per sq.ft, which is 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 figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. Thiru.Ve.Ka.Street Lane's current guideline value is below this median.

• Thiru.Ve.Ka. Street: 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)
• Thriuvalluvar IIIrd Cross Street: Rs 1,320 per sq.ft (2024)
• Thriuvalluvar IInd Cross Street: Rs 1,320 per sq.ft (2024)
• Thiruvalluvar Pettai: Rs 1,760 per sq.ft (2024)

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

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. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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

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

The guideline value plays a crucial role in the registration process when buying or selling property in Anakaputhur. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the stamp duty. This process helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

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

The current guideline value for Thiru.Ve.Ka.Street Lane 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 changed from Rs 1,072 per sq.ft in 2017 to Rs 1,600 per sq.ft in 2023 and then to Rs 1,760 per sq.ft in 2024, marking an overall increase of 64% from 2017 to 2024.

What is the land classification for Thiru.Ve.Ka.Street Lane?

Thiru.Ve.Ka.Street Lane is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this street?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the guideline value of Rs 1,760 per sq.ft, the total fees would amount to Rs 1,58,400.