Guideline Value for THIRUVENGADAM STREET

Thiruvengadam Street guideline value

The current guideline value of Thiruvengadam Street, located in Chinnasekkadu village and falling under the Thiruvottiyur SRO, is Rs 1,001 per sq.ft, effective from 1 July 2024. The land classification for this street is Residential Class II Type - I.

How the guideline value of Thiruvengadam Street has changed

Over the years, the guideline value of Thiruvengadam Street has seen significant changes. In the 2002 revision, the value was Rs 61 per sq.ft, which increased to Rs 72 per sq.ft in 2003. This was followed by a substantial rise to Rs 200 per sq.ft in 2007, marking an increase of 178%. The value then rose to Rs 600 per sq.ft in 2012, reflecting a 200% increase. However, from 2012 to 2017, the value decreased to Rs 402 per sq.ft, a decline of 33%. The 2017 revision saw the value increase to Rs 1,000 per sq.ft in 2023, and it remained at Rs 1,001 per sq.ft in the 2024 revision, showing no change.

Overall, from 2002 to 2024, the guideline value has increased by 1,541%. Notably, there are no figures available for the years not mentioned in the register for this street.

Guideline values in Chinnasekkadu

In Chinnasekkadu, there are 49 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Thiruvengadam Street's current guideline value is below this median.

• Thiruvalluvar Street: Rs 1,500 per sq.ft (2024)
• Thiru.VI.Ka Street: Rs 1,300 per sq.ft (2024)
• Vallivel Nadar Street: Rs 1,001 per sq.ft (2024)
• Vedhachalam Street: Rs 1,001 per sq.ft (2024)
• Vedhagiri Pillai Street: Rs 1,100 per sq.ft (2024)
• Swamidas Street: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvengadam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, and the registration fee at 2% would be Rs 20,020, bringing the total to Rs 90,090. 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvengadam Street?

The Thiruvottiyur Sub Registrar Office covers Thiruvengadam Street, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Chinnasekkadu. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for property transactions. This ensures that all transactions are recorded accurately and transparently.

Frequently asked questions

What is the current guideline value of Thiruvengadam Street?

The current guideline value of Thiruvengadam Street is Rs 1,001 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 61 per sq.ft in 2002 to Rs 1,001 per sq.ft in 2024, marking an overall increase of 1,541%.

What are the other streets in Chinnasekkadu with their guideline values?

Other streets in Chinnasekkadu include Thiruvalluvar Street at Rs 1,500 per sq.ft, Thiru.VI.Ka Street at Rs 1,300 per sq.ft, and several others with varying rates.

What fees are associated with property transactions in Thiruvengadam Street?

When transacting property in Thiruvengadam Street, the stamp duty is 7% of the guideline value, and the registration fee is 2% of the guideline value.

Where can I find the Sub Registrar Office for Thiruvengadam Street?

The Sub Registrar Office covering Thiruvengadam Street is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.