Guideline Value for Vivekanadha Street

Vivekanadha Street guideline value

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

How the guideline value of Vivekanadha Street has changed

The guideline value for Vivekanadha Street has seen significant changes over the years. In the 2007 revision, the value was set at Rs 200 per sq.ft, which 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 decline of 33%. The value was revised to Rs 1,200 per sq.ft in 2023, and most recently, it has risen to Rs 1,320 per sq.ft in 2024, reflecting a 10% increase.

Between the 2017 and 2023 revisions, the guideline value increased by 49%. Overall, from the 2007 revision to the current 2024 figure, there has been a substantial increase of 560%. The register has no figures for the years 2002 and 2003 for this street.

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. The median value among these streets is Rs 1,100 per sq.ft, placing Vivekanadha Street's 2024 guideline value above this median.

• Vivekanadha lind Street: Rs 1,320 per sq.ft (2024)
• Vivekanadha lIIrd Street: Rs 1,320 per sq.ft (2024)
• Vivekanadha Ist 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 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, while the registration fee at 2% would be Rs 26,400. Together, the total cost for stamp duty and registration fee would be Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vivekanadha Street?

The Vivekanadha 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 crucial factor in the registration process when buying or selling property in Thiruvallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Vivekanadha Street?

The current guideline value of Vivekanadha 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 from Rs 200 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, with several revisions in between, including a drop in 2017.

What is the median guideline value in Thiruvallur?

The median guideline value among the 172 streets in Thiruvallur is Rs 1,100 per sq.ft, with Vivekanadha Street's value being above this median.

What are the stamp duty and registration fees for property in Vivekanadha Street?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles registrations for Vivekanadha Street?

The Tiruvallur Joint 1 Sub Registrar Office handles registrations for Vivekanadha Street, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.