Guideline Value for Thiru.Vi.Ka Street

Thiru.Vi.Ka Street guideline value

The current guideline value of Thiru.Vi.Ka Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Kerugambakkam village under the Pammal SRO, classified as Residential Class II Type - II.

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

In the 2017 revision, the guideline value was Rs 1,206 per sq.ft. This increased to Rs 1,800 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 saw the value increase to Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. This significant rise indicates changes in the valuation of properties in the area over the years.

Guideline values in Kerugambakkam

Kerugambakkam has a total of 144 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median guideline value in the village is Rs 2,200 per sq.ft, positioning Thiru.Vi.Ka Street's 2024 figure below that median.

• Thiruvedhiamman Koil Street: Rs 1,980 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,650 per sq.ft (2024)
• Thirupurkumaran Street: Rs 1,980 per sq.ft (2024)
• Vasantha Venkatesan Street: Rs 4,185 per sq.ft (2024)
• Surrya Enclave: Rs 1,760 per sq.ft (2024)
• Venkateswara Nagar: Rs 3,300 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, leading to a total of Rs 1,78,200. Duty is charged on the higher of the guideline value and the sale price.

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

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

The Thiru.Vi.Ka Street is covered by 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Kerugambakkam. It serves as the basis for calculating the stamp duty and registration fees, ensuring that these costs reflect the current valuation of the property.

When buying or selling property, it is important to note that the guideline value is used to determine the minimum value for registration. This means that if the sale price is lower than the guideline value, the duty will be calculated based on the guideline value instead.

Frequently asked questions

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

The current guideline value of Thiru.Vi.Ka Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and then to Rs 1,980 per sq.ft in 2024. Overall, this represents a 64% increase from 2017 to 2024.

What is the registration office for Thiru.Vi.Ka Street?

The registration office covering Thiru.Vi.Ka Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for properties in Thiru.Vi.Ka Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,38,600.

What are the guideline values of other streets in Kerugambakkam?

Other streets in Kerugambakkam have varying guideline values. For instance, Thiruvedhiamman Koil Street and Thirupurkumaran Street both have a guideline value of Rs 1,980 per sq.ft, while Vasantha Venkatesan Street has a higher value of Rs 4,185 per sq.ft.