Guideline Value for Thiru.Vi.Ka. Street

Thiru.Vi.Ka. Street guideline value

The current guideline value of Thiru.Vi.Ka. Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Tharamani village under the Adayar SRO and is classified as Residential Class II Type - I.

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

The guideline value for Thiru.Vi.Ka. Street has undergone several revisions over the years. The earliest recorded figure is from the 2012 revision, which was Rs 2,500 per sq.ft. This figure changed to Rs 1,675 per sq.ft in the 2017 revision, marking a decrease of 33%. However, the value saw a significant increase in the following revisions, rising to Rs 2,500 per sq.ft in 2023 and then to Rs 2,800 per sq.ft in 2024, which is a 12% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, comparing the 2012 revision to the 2024 revision, there has been a 12% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Tharamani

In Tharamani, there are 78 streets under the Adayar SRO that carry a 2024 guideline value, ranging from Rs 1,700 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 2,800 per sq.ft, which is equal to the current figure for Thiru.Vi.Ka. Street.

• T.K. Kabali Street: Rs 2,800 per sq.ft (2024)
• Thiruvalluvar Road: Rs 3,300 per sq.ft (2024)
• Thanthai Periyar Nagar Veerapandi St.,: Rs 2,200 per sq.ft (2024)
• Thanthai Periyar Nagar Rani Ammal Street: Rs 2,200 per sq.ft (2024)
• Thanthai Periyar Nagar Ramasamy Street: Rs 2,200 per sq.ft (2024)
• Thanthai Periyar Nagar Pattukottai Alagagiri St.,: 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 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty would be charged at 7%, amounting to Rs 1,96,000, and the registration fee at 2%, which is Rs 56,000. Together, the total cost for duty and registration would be Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

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

The Thiru.Vi.Ka. Street is covered by the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Tharamani. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

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 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,800 per sq.ft in 2024.

What is the classification of Thiru.Vi.Ka. Street?

Thiru.Vi.Ka. Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property in Thiru.Vi.Ka. Street?

For a property valued at the current guideline of Rs 2,800 per sq.ft, the total stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which office handles the registration for Thiru.Vi.Ka. Street?

The registration for Thiru.Vi.Ka. Street is handled by the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.