Guideline Value for THIRUVENGADAPURAM 1ST STREET

Thiruvengadapuram 1st Street guideline value

The current guideline value of Thiruvengadapuram 1st Street is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Special Type - II.

How the guideline value of Thiruvengadapuram 1st Street has changed

In the 2007 revision, the guideline value was set at Rs 1,300 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 6,500 per sq.ft, marking a change of +400%. The guideline value remained unchanged at Rs 6,500 per sq.ft in the 2023 revision. However, in the latest 2024 revision, it increased to Rs 7,100 per sq.ft, reflecting a change of +9% from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +446%. It is important to note that the register has no figures for the years 2002, 2003, and 2017 for this street.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value in this area is Rs 5,800 per sq.ft, which means that the 2024 guideline value for Thiruvengadapuram 1st Street is above that median.

• Thiruvengadapuram 2nd Street: Rs 7,100 per sq.ft (2024)
• Thiruvengadapuram Main Road: Rs 7,100 per sq.ft (2024)
• Thiru VI Ka Colony: Rs 5,000 per sq.ft (2024)
• Thiru VI Ka Street: Rs 5,000 per sq.ft (2024)
• Thiruvalluvar Street: Rs 5,300 per sq.ft (2024)
• Thiruvalluvar Puram 3rd Street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvengadapuram 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would amount to Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total to Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvengadapuram 1st Street?

The Thiruvengadapuram 1st Street is covered by the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puliyur. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When a property is registered, the guideline value helps determine the legal value of the transaction, which is essential for both buyers and sellers. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Thiruvengadapuram 1st Street?

The current guideline value of Thiruvengadapuram 1st Street is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 1,300 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, which is an overall increase of +446%.

What is the land classification for Thiruvengadapuram 1st Street?

Thiruvengadapuram 1st Street is classified as Residential Special Type - II, indicating its designated use for residential purposes.

Where can I find the registration office for this area?

The Kodambakkam Sub Registrar Office, which covers Thiruvengadapuram 1st Street, is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 71,00,000 would incur a stamp duty of Rs 4,97,000 at the rate of 7%.