Guideline Value for THIRUVENGADAM GARDEN

Thiruvengadam Garden guideline value

The current guideline value of Thiruvengadam Garden is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Enjambakkam village and falls under the Neelankarai SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Thiruvengadam Garden has changed

The guideline value for Thiruvengadam Garden has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,000 per sq.ft in 2023 and further rose to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 10%.

In terms of percentage changes, the transition from 2017 to 2023 saw a substantial increase of 49%. The 2012 to 2017 period experienced a decrease of 33%. It is important to note that the register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO, with the 2024 guideline values ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median value is Rs 2,200 per sq.ft, which is the same as the guideline value for Thiruvengadam Garden.

• Thiruvalluvar Salai: Rs 2,800 per sq.ft (2024)
• Thuraikannu Lane: Rs 2,200 per sq.ft (2024)
• Thiruvalluvar Cross Street: Rs 2,800 per sq.ft (2024)
• Univesal Diamond Layout: Rs 2,800 per sq.ft (2024)
• Thendral Nagar: Rs 2,200 per sq.ft (2024)
• Thanigaivel Garden: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvengadam Garden

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. 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 precise calculations.

Which Sub Registrar Office covers Thiruvengadam Garden?

The Sub Registrar Office that covers Thiruvengadam Garden is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Enjambakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thiruvengadam Garden?

The current guideline value of Thiruvengadam Garden is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Thiruvengadam Garden?

The land classification for Thiruvengadam Garden is Residential Class III Type - I.

What are the stamp duty rates for property in Thiruvengadam Garden?

The stamp duty rate for property transactions in Thiruvengadam Garden is 7% of the guideline value or sale price, whichever is higher.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.