Guideline Value for Vivekanadha lIIrd Street

Vivekanadha lIIrd Street guideline value

The current guideline value of Vivekanadha lIIrd Street in Thiruvallur village, under the Tiruvallur Joint 1 SRO, is Rs 1,320 per sq.ft, effective from 1 July 2024. The land classification for this street is Residential Class I Type - II.

How the guideline value of Vivekanadha lIIrd Street has changed

The guideline value for Vivekanadha lIIrd Street has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly 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 rose again to Rs 1,200 per sq.ft in 2023, and now stands at Rs 1,320 per sq.ft in 2024, reflecting a 10% increase.

Notably, there are no figures available for the revisions in 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 with a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, placing Vivekanadha lIIrd Street's current value above this median.

• Vivekanadha Ist 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 lIIrd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vivekanadha lIIrd Street?

The Vivekanadha lIIrd 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 when buying or selling property in Thiruvallur. It serves as the basis for calculating the stamp duty and registration fees during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value helps determine the official value of the transaction, which is important for taxation purposes. This value is used to assess the fees payable to the government during the registration of the property.

Frequently asked questions

What is the current guideline value of Vivekanadha lIIrd Street?

The current guideline value of Vivekanadha lIIrd 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, reflecting an overall increase of 560% over the years.

What is the land classification for Vivekanadha lIIrd Street?

The land classification for Vivekanadha lIIrd Street is Residential Class I Type - II.

Where can I find the registration office for this street?

The registration office covering Vivekanadha lIIrd Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is the stamp duty calculated for properties in Thiruvallur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 13,20,000 would incur a stamp duty of Rs 92,400 at 7%.