Guideline Value for Vivekanadha Ist Street

Vivekanadha Ist Street guideline value

The current guideline value of Vivekanadha Ist Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village under the Tiruvallur Joint 1 SRO, classified as Residential Class I Type - II.

How the guideline value of Vivekanadha Ist Street has changed

Over the years, the guideline value of Vivekanadha Ist Street has seen significant changes. The earliest recorded figure is from 2007, where the value was Rs 200 per sq.ft. This increased dramatically to Rs 1,200 per sq.ft in 2012, marking a 500% rise. However, it then decreased to Rs 804 per sq.ft in 2017, a drop of 33%. The value then rose again to Rs 1,200 per sq.ft in 2023, followed by a further increase to the current value of Rs 1,320 per sq.ft in 2024, which is a 10% increase from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 560%.

Guideline values in Thiruvallur

In Thiruvallur village, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft, with a median value of Rs 1,100 per sq.ft. Vivekanadha Ist Street's current guideline value is above this median.

• Vivekanadha lIIrd Street: Rs 1,320 per sq.ft (2024)
• Vivekanadha lind Street: Rs 1,320 per sq.ft (2024)
• Vivekanadha Street: Rs 1,320 per sq.ft (2024)
• Vinayagar Street: Rs 1,100 per sq.ft (2024)
• V.M. Nagar: Rs 1,650 per sq.ft (2024)
• V.O.C Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Vivekanadha Ist Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. It is important to note that 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 Vivekanadha Ist Street?

The Vivekanadha Ist Street falls under the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Thiruvallur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When you register a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vivekanadha Ist Street?

The current guideline value of Vivekanadha Ist Street is Rs 1,320 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 200 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, with various increases and decreases in between.

What are the stamp duty rates for property in Vivekanadha Ist Street?

The stamp duty for property in Vivekanadha Ist Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Vivekanadha Ist Street?

The Sub Registrar Office covering Vivekanadha Ist Street is the Tiruvallur Joint 1 SRO, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001.

What is the land classification of Vivekanadha Ist Street?

Vivekanadha Ist Street is classified as Residential Class I Type - II, indicating its suitability for residential development.