Guideline Value for THIRUVENGADAM SAMI STREET

Thiruvengadam Sami Street guideline value

The current guideline value of Thiruvengadam Sami Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Thiruvengadam Sami Street has changed

The guideline value for Thiruvengadam Sami Street has seen significant changes over the years. The earliest recorded figure is from 2002, which was Rs 336 per sq.ft. This increased to Rs 369 per sq.ft in 2003, marking a rise of 10%. By 2007, the value had jumped to Rs 550 per sq.ft, reflecting a 49% increase from the previous revision. However, there are no figures available for the years 2012 and 2017. The next revision in 2023 set the guideline value at Rs 3,500 per sq.ft, which was a substantial increase of 536% from 2007. The most recent revision in 2024 raised the value to Rs 3,800 per sq.ft, a 9% increase from 2023.

Overall, from 2002 to 2024, the guideline value has increased by 1031%, showcasing a significant upward trend in the value of this street over the years.

Guideline values in Perambur

In Perambur village, 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, with a median value of Rs 2,700 per sq.ft. Thiruvengadam Sami Street's 2024 figure of Rs 3,800 per sq.ft is above this median.

• Thiruvengadam Mudali Street: Rs 3,800 per sq.ft (2024)
• Thiruvengadam 2nd Street: Rs 2,700 per sq.ft (2024)
• Thiruvengadam 1st Street: Rs 2,700 per sq.ft (2024)
• Thiruvengadapuram: Rs 2,200 per sq.ft (2024)
• Thiru.V.K.Colony All Streets: Rs 1,600 per sq.ft (2024)
• Thiru.V.K Nagar 10th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvengadam Sami Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, making the total cost for these fees Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thiruvengadam Sami Street?

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

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

The guideline value is a crucial factor during the registration of property transactions in Perambur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in calculating the applicable taxes and fees, which are essential for the legal transfer of ownership. Buyers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thiruvengadam Sami Street?

The current guideline value of Thiruvengadam Sami Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 336 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, marking an overall increase of 1031%.

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

For a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000, and the registration fee would be Rs 76,000, totaling Rs 3,42,000.

Which office handles property registrations for Thiruvengadam Sami Street?

The Purasaivakkam Sub Registrar Office handles property registrations for Thiruvengadam Sami Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

Where can I find more information about guideline values in Perambur?

You can find more information about guideline values in Perambur by checking the registration department's guideline value register or visiting the local Sub Registrar Office.