Guideline Value for THIRUVENGADAPURAM 2ND STREET

Thiruvengadapuram 2nd Street guideline value

The current guideline value of Thiruvengadapuram 2nd 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 2nd Street has changed

The guideline value for Thiruvengadapuram 2nd Street has seen significant changes over the years. In 2003, the guideline value was Rs 1,214 per sq.ft, which increased to Rs 1,300 per sq.ft in 2007, marking a 7% rise. The value then surged dramatically to Rs 6,500 per sq.ft in 2012, reflecting a 400% increase from the 2007 figure. The latest revision in 2024 set the guideline value at Rs 7,100 per sq.ft, which is a 9% increase from the 2012 revision.

There are no figures available for the revisions in 2023, 2017, and 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 485%.

Guideline values in Puliyur

In Puliyur, 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 for these streets is Rs 5,800 per sq.ft, placing the 2024 figure for Thiruvengadapuram 2nd Street above this median.

• Thiruvengadapuram 1st 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 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, leading to a total of Rs 6,39,000. It is important to 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 Thiruvengadapuram 2nd Street?

The Sub Registrar Office that covers Thiruvengadapuram 2nd Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Puliyur. It is used to determine the amount of stamp duty and registration fees that must be paid when a property is bought or sold. The guideline value is set by the Registration Department and reflects the minimum value at which a property can be registered.

When you decide to buy or sell property, the guideline value ensures that the transaction is recorded at a fair value as determined by the government. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Thiruvengadapuram 2nd Street?

The current guideline value of Thiruvengadapuram 2nd 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 changed significantly from Rs 1,214 per sq.ft in 2003 to Rs 7,100 per sq.ft in 2024, marking an overall increase of 485% over the years.

What are the other streets in Puliyur with similar guideline values?

Other streets in Puliyur with similar guideline values include Thiruvengadapuram 1st Street and Thiruvengadapuram Main Road, both at Rs 7,100 per sq.ft in 2024.

What is the registration fee for property in Thiruvengadapuram 2nd Street?

The registration fee for property in Thiruvengadapuram 2nd Street is calculated at 2% of the guideline value. For a property valued at Rs 71,00,000, the registration fee would be Rs 1,42,000.

Where can I find the Sub Registrar Office for Thiruvengadapuram 2nd Street?

The Sub Registrar Office covering Thiruvengadapuram 2nd Street is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.