Guideline Value for Vengatachalapathy Street indira nagar

Vengatachalapathy Street indira nagar guideline value

The current guideline value of Vengatachalapathy Street indira nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Vengatachalapathy Street indira nagar has changed

The guideline value for Vengatachalapathy Street indira nagar has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 400 per sq.ft. This figure increased to Rs 1,000 per sq.ft in 2012, marking a significant rise of 150%. However, between 2012 and 2017, the value decreased to Rs 670 per sq.ft, a drop of 33%. The value then rose again to Rs 1,000 per sq.ft in 2023, and most recently, it has increased to Rs 1,100 per sq.ft in 2024, reflecting a 10% increase.

There are no recorded figures for the years 2002 and 2003 for Vengatachalapathy Street indira nagar. Overall, the guideline value has increased by 175% from Rs 400 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO that have a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft. The median value among these streets is Rs 1,100 per sq.ft, which is equal to the current guideline value of Vengatachalapathy Street indira nagar.

• Vengu Street: Rs 1,650 per sq.ft (2024)
• Vembuliamman Koil Street: Rs 1,650 per sq.ft (2024)
• Veeraragavan Street: Rs 1,100 per sq.ft (2024)
• Veerapandiyakottabomman Street: Rs 1,100 per sq.ft (2024)
• Veerannan Street: Rs 2,200 per sq.ft (2024)
• Vb Akshaya Nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Vengatachalapathy Street indira nagar

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, bringing the total fees to 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 accurate calculations.

Which Sub Registrar Office covers Vengatachalapathy Street indira nagar?

The Sub Registrar Office that covers Vengatachalapathy Street indira nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Thiruvallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When buying or selling property, it is essential to consider the guideline value, as it can affect the overall cost of the transaction. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can impact their financial planning.

Frequently asked questions

What is the current guideline value of Vengatachalapathy Street indira nagar?

The current guideline value of Vengatachalapathy Street indira nagar 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 changed significantly from Rs 400 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, representing an overall increase of 175%.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles the registration of properties in Vengatachalapathy Street indira nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles the registration of properties in Vengatachalapathy Street indira nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What is the land classification for Vengatachalapathy Street indira nagar?

The land classification for Vengatachalapathy Street indira nagar is Residential Class I Type - III.