Guideline Value for VIVASAYA ST

Vivasaya St guideline value

The current guideline value of Vivasaya St in Thandurai village is Rs 988 per sq.ft, effective from 1 July 2024. This street falls under the Avadi SRO and is classified as Residential Class II Type - I.

How the guideline value of Vivasaya St has changed

The guideline value for Vivasaya St has undergone several revisions over the years. The earliest recorded figure is from 2007, when it was Rs 386 per sq.ft. This value increased significantly to Rs 900 per sq.ft in 2012, marking a 133% rise. However, it then decreased to Rs 603 per sq.ft in 2017, representing a 33% decline. The value saw a substantial increase to Rs 900 per sq.ft again in 2023, and most recently, it rose to Rs 988 per sq.ft in 2024, reflecting a 10% increase.

There are no recorded figures for Vivasaya St in the revisions from 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 156%.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft. The median value is Rs 988 per sq.ft, which is the same as the guideline value for Vivasaya St.

• Vivekanandar St: Rs 988 per sq.ft (2024)
• Vivekananda St: Rs 988 per sq.ft (2024)
• Vinayagar Koil St M.K.Bharathiyar St: Rs 988 per sq.ft (2024)
• Vinayagar Koil St Kakkanji St: Rs 988 per sq.ft (2024)
• Vinayagar Koil St: Rs 988 per sq.ft (2024)
• V.O.C.Street Kakkanji Nagar: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Vivasaya St

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value amounts to Rs 9,88,000. The stamp duty at 7% would be Rs 69,160, and the registration fee at 2% would be Rs 19,760, making the total cost for these fees Rs 88,920. 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 precise calculations.

Which Sub Registrar Office covers Vivasaya St?

The Vivasaya St falls under the jurisdiction of the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Thandurai. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are collected. Buyers and sellers should be aware of the current guideline value to accurately calculate their costs during the transaction.

Frequently asked questions

What is the current guideline value of Vivasaya St?

The current guideline value of Vivasaya St is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 386 per sq.ft to Rs 988 per sq.ft in 2024, marking an overall increase of 156%.

What are the other streets in Thandurai with the same guideline value?

Other streets in Thandurai with a guideline value of Rs 988 per sq.ft include Vivekanandar St, Vivekananda St, Vinayagar Koil St M.K.Bharathiyar St, Vinayagar Koil St Kakkanji St, Vinayagar Koil St, and V.O.C.Street Kakkanji Nagar.

How is the stamp duty calculated for properties on Vivasaya St?

The stamp duty for properties on Vivasaya St is calculated at 7% of the guideline value. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 69,160.

Which office handles the registration for Vivasaya St?

The registration for Vivasaya St is handled by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.