Guideline Value for THIRUVENGADAIAH 2ND LANE

Thiruvengadaiah 2nd Lane guideline value

The current guideline value of Thiruvengadaiah 2nd Lane is Rs 3,300 per sq.ft, effective from 1 July 2024. This lane is located in Villivakkam village, under the Villivakkam SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Thiruvengadaiah 2nd Lane has changed

In the 2012 revision, the guideline value was Rs 3,000 per sq.ft. This figure was then reduced to Rs 2,010 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,000 per sq.ft in the 2023 revision, and further rose to the current value of Rs 3,300 per sq.ft in the 2024 revision. The register has no figure for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, the value saw a substantial increase of 49% from 2017 to 2023. The change from 2023 to 2024 reflects a 10% increase, leading to an overall increase of 10% from 2012 to 2024.

Guideline values in Villivakkam

Villivakkam has a total of 372 streets under the Villivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median guideline value in the village is Rs 4,900 per sq.ft, making the current figure for Thiruvengadaiah 2nd Lane below the median.

• THIRUVENGADAIAH 2nd CROSS STREET: Rs 3,300 per sq.ft (2024)
• THIRUVENGADAIAH 2nd STREET: Rs 3,300 per sq.ft (2024)
• THIRUVENGADAIAH 1st STREET: Rs 3,300 per sq.ft (2024)
• Thiruvengadaiah 3rd Lane: Rs 3,300 per sq.ft (2024)
• Thiruvengadaiah 1st Lane: Rs 3,300 per sq.ft (2024)
• Thiruvengadaiah Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvengadaiah 2nd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, leading to a total of Rs 2,97,000. It is important to note that the 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 details.

Which Sub Registrar Office covers Thiruvengadaiah 2nd Lane?

The Thiruvengadaiah 2nd Lane falls under the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Villivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Thiruvengadaiah 2nd Lane?

The current guideline value of Thiruvengadaiah 2nd Lane is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then to Rs 3,000 per sq.ft in 2023, and currently to Rs 3,300 per sq.ft in 2024.

What is the land classification for Thiruvengadaiah 2nd Lane?

Thiruvengadaiah 2nd Lane is classified as Residential Class IV Type - II.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles the registration for Thiruvengadaiah 2nd Lane?

The Villivakkam Sub Registrar Office handles the registration for Thiruvengadaiah 2nd Lane, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.