Guideline Value for VIVEKANANDAR ST

Vivekanandar St guideline value

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

How the guideline value of Vivekanandar St has changed

The guideline value for Vivekanandar St has seen several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in the 2017 revision. However, the value significantly increased to Rs 900 per sq.ft in the 2023 revision, and further rose by 10% to reach Rs 988 per sq.ft in the 2024 revision.

Looking at the changes, the value increased by 49% from 2017 to 2023. The decrease from 2012 to 2017 was 33%. Overall, from the 2012 revision to the current 2024 value, there has been a 10% increase. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO, with guideline values ranging from Rs 800 to Rs 2,640 per sq.ft. The median guideline value is Rs 988 per sq.ft, which is equal to the 2024 figure for Vivekanandar St.

• Vivekananda 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 Vivekanandar St

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value would be 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, bringing the total to Rs 88,920. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vivekanandar St?

The Vivekanandar St is covered by 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 additional information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thandurai. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that all transactions are in compliance with government regulations.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as established by the guideline value register.

Frequently asked questions

What is the current guideline value of Vivekanandar St?

The current guideline value of Vivekanandar 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 from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then to Rs 900 per sq.ft in 2023, and finally to Rs 988 per sq.ft in 2024.

What is the stamp duty for property on Vivekanandar St?

The stamp duty for property on Vivekanandar St is calculated at 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers this street?

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

What is the land classification for Vivekanandar St?

Vivekanandar St is classified as Residential Class II Type - I, indicating its designation for residential purposes within the locality.