Guideline Value for Thiru.Vi.ka Street

Thiru.Vi.ka Street guideline value

The current guideline value of Thiru.Vi.ka Street is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO, and is classified as Residential Class I Type - III.

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 most recent revision in 2024 maintains the value at Rs 600 per sq.ft, which is unchanged from the 2023 revision. The 2017 revision recorded a guideline value of Rs 402 per sq.ft, marking a significant increase of 49% from 2017 to 2023, and an overall increase of 49% from 2017 to 2024.

It is important to note that the register has no figures for the revisions in 2002, 2003, 2007, and 2012. The consistent value of Rs 600 per sq.ft in both 2023 and 2024 indicates stability in the guideline value for this street over the last year.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,344 per sq.ft. The median value is Rs 600 per sq.ft, which is equal to the guideline value of Thiru.Vi.ka Street.

• Thiruvalluvar Veedhi: Rs 600 per sq.ft (2024)
• Thiruvalluvar Nagar 5th Street: Rs 600 per sq.ft (2024)
• Thiruvalluvar Nagar 3th Street: Rs 600 per sq.ft (2024)
• Thiruvalluvar Nagar 2th Street: Rs 600 per sq.ft (2024)
• Thiruvalluvar Nagar 1th Street: Rs 600 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 600 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 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees together to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Thiru.Vi.ka Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Thirukalukundrem A. When buying or selling property, this value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is legally recognized.

It is essential for buyers and sellers to be aware of the guideline value as it affects the overall cost of the transaction. Proper understanding of these values can help in budgeting for additional costs associated with property 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 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Thiru.Vi.ka Street has remained at Rs 600 per sq.ft from 2023 to 2024, and has increased by 49% from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2024.

What are the stamp duty and registration fees for properties on this street?

For a property of 1,000 sq.ft, the total guideline value is Rs 6,00,000. The stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000.

Which office handles property registrations for Thiru.Vi.ka Street?

The Thirukazhukundram Sub Registrar Office handles property registrations for Thiru.Vi.ka Street, located at Thiruchengode - 637 211, Chengalpattu registration zone.

What is the significance of the guideline value?

The guideline value is significant as it determines the stamp duty and registration fees when buying or selling property. It ensures that the transaction is recorded accurately and legally.