Guideline Value for THIRUVENGADAM STREET

Thiruvengadam Street guideline value

The current guideline value of Thiruvengadam Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 and falls under the Neelankarai SRO, classified as Residential Class II Type - III.

How the guideline value of Thiruvengadam Street has changed

The guideline value for Thiruvengadam Street has undergone several revisions over the years. The register has no figure for this street in 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 2,000 per sq.ft, which increased by 10% to Rs 2,200 per sq.ft in the 2024 revision.

This change reflects a rise in the guideline value from the previous year. The 2024 figure of Rs 2,200 per sq.ft is equal to the median value for the 754 streets in Sholinganallur - 1 under the Neelankarai SRO, which also stands at Rs 2,200 per sq.ft.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, the guideline values vary across different streets. The 2024 figures range from Rs 1,000 to Rs 8,800 per sq.ft, with a median of Rs 2,200 per sq.ft. Thiruvengadam Street's 2024 guideline value aligns with this median.

• Thiruvengadam Street (Grama Nedunchalai 8th Cross Street): Rs 2,200 per sq.ft (2024)
• Thiruvalluvar Salai: Rs 3,300 per sq.ft (2024)
• Thulukanam Thottam: Rs 1,700 per sq.ft (2024)
• Thulukkanam Street (Grama Nedunchalai Cross Street): Rs 2,200 per sq.ft (2024)
• Trit Wood Drive Avenue: Rs 4,400 per sq.ft (2024)
• T.S.R.K.D.Holding Canel: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvengadam Street

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. 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 Street?

The Sub Registrar Office that covers Thiruvengadam Street 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 Sholinganallur - 1

The guideline value is a critical factor during the registration of property transactions in Sholinganallur - 1. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that all property transactions are recorded at a fair value as per government regulations.

When buying or selling property, it is essential to be aware of the current guideline value, as it affects the overall cost of the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Thiruvengadam Street?

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

What was the guideline value in 2023?

In 2023, the guideline value for Thiruvengadam Street was Rs 2,000 per sq.ft.

How much did the guideline value increase from 2023 to 2024?

The guideline value increased by 10% from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024.

Which Sub Registrar Office covers Thiruvengadam Street?

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

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum value for calculating stamp duty and registration fees during property transactions. It ensures that properties are registered at a fair value as per government regulations.