Guideline Value

Corporate

Guideline Value for THIRUVENGADAM NAGAR 1ST CROSS STREET

₹2750/sq.ft.

The guideline value for Thiruvengadam Nagar 1st Cross Street in Medavakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Medavakkam

Village

Chennai South Joint I

SRO

Commercial Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Thiruvengadam Nagar 1st Cross Street

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Thiruvengadam Nagar 1st Cross Street guideline value

The current guideline value of Thiruvengadam Nagar 1st Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Medavakkam village and falls under the Chennai South Joint I SRO. The land classification for this area is Commercial Class I Type - III.

How the guideline value of Thiruvengadam Nagar 1st Cross Street has changed

In the 2012 revision, the guideline value was set at Rs 2,500 per sq.ft. This figure decreased to Rs 1,675 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value saw a significant increase to Rs 2,500 per sq.ft in 2023, followed by a further rise to Rs 2,750 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Medavakkam

In Medavakkam, there are 379 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,540 to Rs 7,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Thiruvengadam Nagar 1st Cross Street above this median.

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

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvengadam Nagar 1st Cross Street?

The Sub Registrar Office that covers Thiruvengadam Nagar 1st Cross Street is the Chennai South Joint I 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 Medavakkam

The guideline value is a crucial factor in the registration process of property transactions in Medavakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives due revenue from property sales.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for completing the registration process. Buyers should be aware that these fees are calculated based on the higher of the guideline value and the sale price.

Frequently asked questions

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

The current guideline value of Thiruvengadam Nagar 1st Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 2,500 per sq.ft in 2012, decreasing to Rs 1,675 per sq.ft in 2017, and then increasing to Rs 2,500 per sq.ft in 2023, followed by a rise to Rs 2,750 per sq.ft in 2024.

What is the land classification for Thiruvengadam Nagar 1st Cross Street?

The land classification for Thiruvengadam Nagar 1st Cross Street is Commercial Class I Type - III, indicating its suitability for commercial activities.

Where can I find the registration office for this area?

The registration office covering Thiruvengadam Nagar 1st Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the range of guideline values in Medavakkam?

The guideline values in Medavakkam range from Rs 1,540 to Rs 7,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Thiruvengadam Nagar 1st Cross Street's 2024 figure is above this median.