Guideline Value for THIRUVENGADAMUDIYAN STREET (PART UPTO PUBLIC WELL)

Thiruvengadamudiyan Street (Part Upto Public Well) guideline value

The current guideline value of Thiruvengadamudiyan Street (Part Upto Public Well) is Rs 3,300 per sq.ft. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class I Type - II.

How the guideline value of Thiruvengadamudiyan Street (Part Upto Public Well) has changed

The guideline value for Thiruvengadamudiyan Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which was then reduced to Rs 2,010 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,000 per sq.ft in the 2023 revision, and finally, it rose to Rs 3,300 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The changes between revisions include a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017. It is important to note that there are no figures available in the register for the years 2002, 2003, and 2007 for this street.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, which aligns with the current guideline value for Thiruvengadamudiyan Street.

• Thiruvenkadamudaiyar Street: Rs 3,300 per sq.ft (2024)
• Thiruveediamman Koil Street: Rs 3,300 per sq.ft (2024)
• Thiru.Vi.Ka. Street: Rs 3,300 per sq.ft (2024)
• Thiruvalluvar Nagar (Erikarai Ull Vai): Rs 2,750 per sq.ft (2024)
• Thulukananthamman Koil 1 To 5 Cross Streets: Rs 2,200 per sq.ft (2024)
• Thulukananthamman Koil Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvengadamudiyan Street (Part Upto Public Well)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total cost for these charges Rs 2,97,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thiruvengadamudiyan Street (Part Upto Public Well)?

The Sub Registrar Office that covers Thiruvengadamudiyan Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a buyer approaches the registration office, the guideline value is referenced to calculate the stamp duty and registration fees, which are mandatory for completing the property transaction. This ensures that both parties are aware of the financial obligations involved in the property transfer.

Frequently asked questions

What is the current guideline value of Thiruvengadamudiyan Street?

The current guideline value of Thiruvengadamudiyan Street (Part Upto Public Well) is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, marking a 10% increase. It was Rs 2,010 per sq.ft in 2017, showing a significant increase of 49% to 2023.

What is the land classification for Thiruvengadamudiyan Street?

Thiruvengadamudiyan Street is classified as Residential Class I Type - II. This classification indicates the type of development permissible in the area.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Thiruvengadamudiyan Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044. This office handles all registration processes for properties in the area.

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

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at 7%, and the registration fee would be Rs 66,000 at 2%. Together, these fees amount to Rs 2,97,000.