Guideline Value for Thiruverkadu Road

Thiruverkadu Road guideline value

The current guideline value of Thiruverkadu Road is Rs 1,100 per sq.ft, effective from 1 July 2024. This road is located in 44.Ayanambakkam village under the Konnur SRO, classified as Residential Class III Type - I.

How the guideline value of Thiruverkadu Road has changed

The guideline value for Thiruverkadu Road has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 670 per sq.ft. This value increased significantly in the following revisions, reaching Rs 1,000 per sq.ft in 2023, and then rising to Rs 1,100 per sq.ft in the 2024 revision. Notably, there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a notable increase of 49%, followed by a further increase of 10% from 2023 to 2024. Overall, the guideline value has increased by 64% from the 2017 revision to the 2024 revision.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 9,702 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value of Thiruverkadu Road is below this median.

• Thiruvalluvar Street: Rs 1,100 per sq.ft (2024)
• VadaNoombal Salai: Rs 1,100 per sq.ft (2024)
• Vaishnavi Nagar: Rs 804 per sq.ft (2024)
• The chennai newcity EXTN: Rs 2,200 per sq.ft (2024)
• The Chennai New City: Rs 1,700 per sq.ft (2024)
• Vanagaram Road: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruverkadu Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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 detailed calculations.

Which Sub Registrar Office covers Thiruverkadu Road?

The Sub Registrar Office that covers Thiruverkadu Road is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a crucial factor in property transactions in 44.Ayanambakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration process will rely on the guideline value for calculating applicable duties and fees.

When registering a property, the guideline value serves as a benchmark to ensure that the transaction is recorded accurately and transparently. This helps in maintaining consistency in property valuations within the area.

Frequently asked questions

What is the current guideline value of Thiruverkadu Road?

The current guideline value of Thiruverkadu Road is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64% during this period.

What are the other streets in 44.Ayanambakkam?

Other streets in 44.Ayanambakkam include Thiruvalluvar Street, VadaNoombal Salai, Vaishnavi Nagar, The Chennai New City, and Vanagaram Road, each with varying guideline values.

Where is the Konnur Sub Registrar Office located?

The Konnur Sub Registrar Office is located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is stamp duty calculated in Thiruverkadu Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at a rate of 7%.