Guideline Value for THIRUVENGADAM 1ST STREET

Thiruvengadam 1st Street guideline value

The current guideline value of Thiruvengadam 1st Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class III Type - II.

How the guideline value of Thiruvengadam 1st Street has changed

The guideline value of Thiruvengadam 1st Street has seen significant changes over the years. In 2007, the guideline value was Rs 550 per sq.ft, which increased to Rs 1,675 per sq.ft in 2017, marking a change of +205%. The value further rose to Rs 2,500 per sq.ft in 2023, reflecting a substantial increase of +49%. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, an increase of +8% from the previous year.

There are no figures available for the years 2002, 2003, and 2012 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by +391%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, which matches the 2024 guideline value of Thiruvengadam 1st Street.

• Thiruvengadam 2nd Street: Rs 2,700 per sq.ft (2024)
• Thiruvengadam Mudali Street: Rs 3,800 per sq.ft (2024)
• Thiruvengadam Sami Street: Rs 3,800 per sq.ft (2024)
• Thiruvengadapuram: Rs 2,200 per sq.ft (2024)
• Thiruvalluvar Road: Rs 2,700 per sq.ft (2024)
• Thiruvalluvarpuram (A) Sri Valluvarpuram: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvengadam 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Thiruvengadam 1st Street?

The Sub Registrar Office that covers Thiruvengadam 1st Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perambur. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is considered to ensure that the correct fees are paid. This value is essential for both buyers and sellers to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Thiruvengadam 1st Street?

The current guideline value of Thiruvengadam 1st Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, marking an overall increase of +391% over this period.

What is the registration office for Thiruvengadam 1st Street?

The registration office for Thiruvengadam 1st Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

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

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Where can I find more information about stamp duty calculations?

You can find more information and perform calculations using the stamp duty and registration fee calculator.