Guideline Value for Thiru.Vi.Ka. Street

Thiru.Vi.Ka. Street guideline value

The current guideline value of Thiru.Vi.Ka. Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and falls under the Residential Class I Type - II land classification.

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

The guideline value for Thiru.Vi.Ka. Street has seen several revisions over the years. In 2003, the guideline value was Rs 906 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007, marking a change of +10%. By 2012, the value remained stable at Rs 3,000 per sq.ft. The next revision in 2023 also held the value at Rs 3,000 per sq.ft. However, in the latest revision for 2024, the guideline value rose to Rs 3,300 per sq.ft, reflecting a significant increase of +10% from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by +264%. Notably, there are no figures available for Thiru.Vi.Ka. Street in the 2017 and 2002 revisions.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, which is the same as the current guideline value for Thiru.Vi.Ka. Street.

• Thiruvenkadamudaiyar Street: Rs 3,300 per sq.ft (2024)
• Thiruvengadamudiyan Street (Part Upto Public Well): Rs 3,300 per sq.ft (2024)
• Thiruveediamman Koil Street: Rs 3,300 per sq.ft (2024)
• Thulukananthamman Koil 1 To 5 Cross Streets: Rs 2,200 per sq.ft (2024)
• Thulukananthamman Koil Cross Street: Rs 2,200 per sq.ft (2024)
• Thulukanathamman Koil Street: Rs 2,200 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 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, resulting in a total of Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed estimates.

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

The Thiru.Vi.Ka. Street is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is documented at a fair value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

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 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 906 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, marking an overall increase of +264% over this period.

What is the land classification for Thiru.Vi.Ka. Street?

Thiru.Vi.Ka. Street falls under the Residential Class I Type - II land classification.

Where is the Pallavaram Sub Registrar Office located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 3,300 per sq.ft would incur a stamp duty of Rs 2,31,000.