Guideline Value for THIRUVENGADAM NAGAR EXTENTION

Thiruvengadam Nagar Extention guideline value

The current guideline value of Thiruvengadam Nagar Extention is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Koladi village and falls under the Chennai South Joint II SRO. The land classification is Residential Class I Type - II.

How the guideline value of Thiruvengadam Nagar Extention has changed

In the 2012 revision, the guideline value was Rs 1,500 per sq.ft. This figure saw a decrease to Rs 1,005 per sq.ft in the 2017 revision, marking a reduction of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 1,500 per sq.ft. The most recent revision in 2024 has further raised the guideline value to Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Koladi

In Koladi, there are 175 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 4,000 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Thiruvengadam Nagar Extention is above this median.

• Thiruvengadam Nagar: Rs 1,650 per sq.ft (2024)
• Thulukanathamman Koil 1st Street: Rs 1,100 per sq.ft (2024)
• Thulukanathamman Koil Street: Rs 1,100 per sq.ft (2024)
• Thirumalai Balaji Nagar: Rs 660 per sq.ft (2024)
• Valli Kollai Medu: Rs 1,650 per sq.ft (2024)
• Vallikollai Medu 1st Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvengadam Nagar Extention

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. 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 detailed calculations.

Which Sub Registrar Office covers Thiruvengadam Nagar Extention?

The Sub Registrar Office that covers Thiruvengadam Nagar Extention is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Koladi. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the necessary fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Thiruvengadam Nagar Extention?

The current guideline value of Thiruvengadam Nagar Extention is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Thiruvengadam Nagar Extention?

The land classification for Thiruvengadam Nagar Extention is Residential Class I Type - II.

What are the other streets with guideline values in Koladi?

Other streets in Koladi include Thiruvengadam Nagar at Rs 1,650 per sq.ft, Thulukanathamman Koil 1st Street and Thulukanathamman Koil Street at Rs 1,100 per sq.ft, and Thirumalai Balaji Nagar at Rs 660 per sq.ft.

Where can I find the Sub Registrar Office for Thiruvengadam Nagar Extention?

The Sub Registrar Office for Thiruvengadam Nagar Extention is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.