Guideline Value for THIRUVENGADAM 2ND STREET

Thiruvengadam 2nd Street guideline value

The current guideline value of Thiruvengadam 2nd Street is Rs 2,700 per sq.ft as per the 2024 revision, 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 2nd Street has changed

The guideline value for Thiruvengadam 2nd Street has seen significant changes over the years. The 2007 revision recorded a guideline value of Rs 550 per sq.ft, which increased to Rs 2,500 per sq.ft in the 2023 revision, marking a substantial rise of 355% over this period. The current 2024 revision reflects a further increase to Rs 2,700 per sq.ft, which is an 8% rise from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2017 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 391%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with the 2024 guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, which is equal to the current value of Thiruvengadam 2nd Street.

• Thiruvengadam 1st 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 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. 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 precise calculations based on your property.

Which Sub Registrar Office covers Thiruvengadam 2nd Street?

The Sub Registrar Office that covers Thiruvengadam 2nd 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 when registering a property in Perambur. It serves as the minimum value for which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the stamp duty and registration fees that need to be paid. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Thiruvengadam 2nd Street?

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

How much has the guideline value changed over the years?

From the 2007 revision to the 2023 revision, the guideline value increased from Rs 550 per sq.ft to Rs 2,500 per sq.ft, a change of 355%. The current value of Rs 2,700 per sq.ft reflects an 8% increase from the 2023 figure.

What is the registration office for Thiruvengadam 2nd Street?

The registration office for Thiruvengadam 2nd Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in Thiruvengadam 2nd Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, on a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 at 7%.

What are the guideline values for other streets in Perambur?

Other streets in Perambur have varying guideline values. For instance, Thiruvengadam 1st Street and Thiruvalluvar Road both have a guideline value of Rs 2,700 per sq.ft, while Thiruvengadam Mudali Street and Thiruvengadam Sami Street are valued at Rs 3,800 per sq.ft.