Guideline Value for VIVEKANANDA ST

Vivekananda St guideline value

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

How the guideline value of Vivekananda St has changed

The guideline value for Vivekananda St has seen several revisions over the years. The earliest recorded revision is from 2012, which set the value at Rs 900 per sq.ft. This was followed by a decrease to Rs 603 per sq.ft in 2017, marking a drop of 33%. However, from 2017 to 2023, the value increased significantly to Rs 900 per sq.ft, reflecting a 49% rise. The most recent revision in 2024 has set the value at Rs 988 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thandurai

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

• Vivekanandar St: Rs 988 per sq.ft (2024)
• Vivasaya 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 Vivekananda 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, charged at 7%, would be Rs 69,160, while the registration fee at 2% would be Rs 19,760, bringing the total fees to Rs 88,920. Please 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 Vivekananda St?

The Vivekananda St falls under 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 is a crucial factor when buying or selling property in Thandurai. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration requirements.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. These fees are essential for the legal transfer of property ownership and are based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Vivekananda St?

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

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase of 10% from Rs 900 per sq.ft in 2023 to Rs 988 per sq.ft in 2024.

What is the land classification for Vivekananda St?

Vivekananda St is classified under Residential Class II Type - I according to the current guidelines.

What are the stamp duty and registration fees for a property in Vivekananda St?

For a property valued at Rs 9,88,000, the stamp duty would be Rs 69,160 and the registration fee would be Rs 19,760, totaling Rs 88,920.

Where is the Sub Registrar Office for Vivekananda St located?

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