Guideline Value for Vivekanadha lind Street

Vivekanadha lind Street guideline value

The current guideline value for Vivekanadha lind 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 lind Street has changed

The guideline value for Vivekanadha lind Street has undergone several revisions over the years. Starting from the 2007 revision, the value was Rs 200 per sq.ft, which then increased significantly to Rs 1,200 per sq.ft in 2012, marking a 500% increase. However, it decreased to Rs 804 per sq.ft in the 2017 revision, a reduction of 33%. The value then rose to Rs 1,200 per sq.ft in 2023, followed by the current rate of Rs 1,320 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no figures available 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. The guideline value of Rs 1,320 per sq.ft for Vivekanadha lind Street is above this median.

• Vivekanadha lIIrd Street: Rs 1,320 per sq.ft (2024)
• Vivekanadha 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 lind 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, bringing the total to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vivekanadha lind Street?

The Vivekanadha lind Street is covered by 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 property registration process in Thiruvallur. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. Buyers should be aware that the guideline value may differ from the actual sale price.

When registering a property, the authorities will assess the higher amount between the guideline value and the sale price to calculate the applicable fees. This ensures that the government receives the correct revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Vivekanadha lind Street?

The current guideline value of Vivekanadha lind 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 a significant increase of 560% overall.

What is the land classification of Vivekanadha lind Street?

Vivekanadha lind Street is classified as Residential Class I Type - II under the Tiruvallur Joint 1 SRO.

What are the stamp duty and registration fees for property in Vivekanadha lind 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.

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

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.