Guideline Value for Thiru.Vi.Ka 5th Street (Ward-13)

Thiru.Vi.Ka 5th Street (Ward-13) guideline value

The current guideline value of Thiru.Vi.Ka 5th Street (Ward-13) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Thiru.Vi.Ka 5th Street (Ward-13) has changed

The guideline value for Thiru.Vi.Ka 5th Street (Ward-13) has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,600 per sq.ft, which represents a 7% increase from the 2012 revision, where the value was Rs 1,500 per sq.ft. The register has no figure for this street in the years 2023, 2017, 2007, 2003, and 2002.

Prior to the 2012 revision, the guideline value for Thiru.Vi.Ka 5th Street was not recorded in the available revisions. The 2024 figure aligns with the median value of Rs 1,600 per sq.ft for the 1,946 streets in Madhavaram under the Madhavaram SRO, which range from Rs 1,300 to Rs 7,500 per sq.ft.

Guideline values in Madhavaram

The guideline values in Madhavaram show a range of Rs 1,300 to Rs 7,500 per sq.ft, with the median value being Rs 1,600 per sq.ft. Thiru.Vi.Ka 5th Street (Ward-13) shares its 2024 guideline value with several other streets in Madhavaram.

• Thiru.Vi.Ka 4th Street (Ward-13): Rs 1,600 per sq.ft (2024)
• Thiru.Vi.Ka 6th Street (Ward-13): Rs 1,600 per sq.ft (2024)
• Thiru.Vi.Ka 3rd Street (Ward-13): Rs 1,600 per sq.ft (2024)
• Thiru.Vi.Ka 2nd Street (Ward-12): Rs 1,600 per sq.ft (2024)
• Thiru.Vi.Ka 1st Street (Ward-12): Rs 1,600 per sq.ft (2024)
• Thiyagi Sankarlinganar St, Lakshmipuram (Ward-25): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru.Vi.Ka 5th Street (Ward-13)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, together totaling Rs 1,44,000. 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.Vi.Ka 5th Street (Ward-13)?

The Sub Registrar Office that covers Thiru.Vi.Ka 5th Street (Ward-13) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction.

When a property is registered, the higher value between the sale price and the guideline value is used to calculate the applicable duties and fees. 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 5th Street (Ward-13)?

The current guideline value of Thiru.Vi.Ka 5th Street (Ward-13) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,500 per sq.ft in 2012 to Rs 1,600 per sq.ft in 2024, marking a 7% increase. There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification for Thiru.Vi.Ka 5th Street (Ward-13)?

Thiru.Vi.Ka 5th Street (Ward-13) is classified as Residential Class II Type - I. This classification is important for understanding the zoning and permissible land use in the area.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000, and the registration fee would be Rs 32,000, totaling Rs 1,44,000. Stamp duty is charged on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for this area located?

The Sub Registrar Office that covers Thiru.Vi.Ka 5th Street (Ward-13) is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of property transactions in the area.