Guideline Value for THIRUVENGADAIAH STREET

Thiruvengadaiah Street guideline value

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

How the guideline value of Thiruvengadaiah Street has changed

The guideline value for Thiruvengadaiah Street has seen significant changes over the years. In the 2003 revision, the value was Rs 705 per sq.ft, which increased to Rs 750 per sq.ft in 2007. Following this, the value surged to Rs 3,000 per sq.ft in the 2012 revision, before dropping to Rs 2,010 per sq.ft in 2017. The 2023 revision set the value at Rs 3,000 per sq.ft, which then rose to Rs 3,300 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from the 2003 revision to the 2024 revision, the guideline value has increased by 368%. The register does not contain figures for the year 2002 for this street.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, indicating that Thiruvengadaiah Street's value of Rs 3,300 per sq.ft is below this median.

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

Stamp duty and registration fee for property in Thiruvengadaiah Street

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

The Sub Registrar Office that covers Thiruvengadaiah Street is 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

When buying or selling property in Villivakkam, the guideline value is crucial as it determines the stamp duty and registration fees applicable to the transaction. Buyers should be aware that the guideline value serves as a benchmark for calculating these fees, ensuring compliance with local regulations.

It is essential for both buyers and sellers to understand that the guideline value can influence the overall cost of property transactions. Accurate knowledge of the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Thiruvengadaiah Street?

The current guideline value of Thiruvengadaiah Street 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 increased from Rs 705 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, a total increase of 368% over this period.

What is the median guideline value in Villivakkam?

The median guideline value for streets in Villivakkam is Rs 4,900 per sq.ft, which is higher than the guideline value of Thiruvengadaiah Street.

What are the stamp duty and registration fees for properties in Thiruvengadaiah Street?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Where is the Sub Registrar Office for Thiruvengadaiah Street located?

The Sub Registrar Office for Thiruvengadaiah Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.