Guideline Value for T.N.E.B. NAGAR

T.N.E.B. Nagar guideline value

The current guideline value of T.N.E.B. Nagar, located in Venmanamputhur village under the Tiruvallur Joint 1 SRO, is Rs 250 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of T.N.E.B. Nagar has changed

The guideline value for T.N.E.B. Nagar has seen several revisions over the years. In the 2012 revision, the value was set at Rs 250 per sq.ft. This remained unchanged in the 2017 revision, which also recorded a value of Rs 250 per sq.ft. However, the 2017 figure marked a decrease from Rs 167 per sq.ft in the 2012 revision, resulting in a -33% change. The 2023 revision also maintained the value at Rs 250 per sq.ft, and the latest revision in 2024 has kept it at Rs 250 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 250 per sq.ft.

Guideline values in Venmanamputhur

In Venmanamputhur, there are 54 streets under the Tiruvallur Joint 1 SRO carrying a 2024 guideline value ranging from Rs 200 to Rs 400 per sq.ft. The median value for these streets is Rs 200 per sq.ft, making T.N.E.B. Nagar's 2024 figure above that median.

• Udaya Deepam Nagar: Rs 200 per sq.ft (2024)
• Udayam Nagar: Rs 200 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 200 per sq.ft (2024)
• Thirumurugan Nagar/ Avenue: Rs 200 per sq.ft (2024)
• Thirumalai Nagar(S.No389/1b3): Rs 250 per sq.ft (2024)
• Vasistar Nagar / Annex: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in T.N.E.B. Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, resulting in a total of Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers T.N.E.B. Nagar?

The Sub Registrar Office that covers T.N.E.B. Nagar is 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 Venmanamputhur

The guideline value is a critical factor during the registration process when buying or selling property in Venmanamputhur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value of T.N.E.B. Nagar?

The current guideline value of T.N.E.B. Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft from 2012 to 2024, with a notable increase of 50% from Rs 167 per sq.ft in 2017. There are no figures available for the revisions in 2002, 2003, and 2007.

What is the land classification for T.N.E.B. Nagar?

T.N.E.B. Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty rates for property in T.N.E.B. Nagar?

The stamp duty rate for property in T.N.E.B. Nagar is 7% of the guideline value or the sale price, whichever is higher. The registration fee is 2% of the same value.

Where can I find the Sub Registrar Office for T.N.E.B. Nagar?

The Sub Registrar Office for T.N.E.B. Nagar is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find more information about your SRO through the provided link.