Guideline Value for Titti Vasal Street

Titti Vasal Street guideline value

The current guideline value of Titti Vasal Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Titti Vasal Street has changed

The guideline value for Titti Vasal Street has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 1,200 per sq.ft, the same as in 2023. Prior to that, the 2017 revision set the value at Rs 804 per sq.ft, marking a significant increase of 49% from 2017 to 2023.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Titti Vasal Street's 2024 figure above that median.

• Tirumangai Azhwar Street: Rs 1,800 per sq.ft (2024)
• T.R.C Nagar: Rs 700 per sq.ft (2024)
• True value Homes: Rs 700 per sq.ft (2024)
• Vada Pushkarani Street: Rs 700 per sq.ft (2024)
• Thirupathy Nagar: Rs 1,200 per sq.ft (2024)
• Thirumangai Alwar Kulakarai Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Titti Vasal Street

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. 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 Titti Vasal Street?

The Sub Registrar Office that covers Titti Vasal Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor when registering a property in Sriperumbudur A. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as determined by the authorities.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This ensures transparency and compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Titti Vasal Street?

The current guideline value of Titti Vasal Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Titti Vasal Street has remained at Rs 1,200 per sq.ft from 2023 to 2024, while it increased by 49% from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023.

What is the land classification for Titti Vasal Street?

Titti Vasal Street is classified as Residential Class I Type - I, indicating its use for residential purposes.

Where can I find the Sub Registrar Office for Titti Vasal Street?

The Sub Registrar Office for Titti Vasal Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Titti Vasal Street?

Stamp duty for properties in Titti Vasal Street is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot valued at Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000, leading to a stamp duty of Rs 84,000.