Guideline Value for THIRUVENGADAPURAM MAIN ROAD

Thiruvengadapuram Main Road guideline value

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

How the guideline value of Thiruvengadapuram Main Road has changed

The guideline value for Thiruvengadapuram Main Road has seen significant changes over the years. In 2002, the value was Rs 1,105 per sq.ft, which increased to Rs 1,214 per sq.ft in 2003, marking a 10% rise. The value then jumped to Rs 1,500 per sq.ft in 2007, reflecting a 24% increase from the previous revision. The most notable change occurred between 2007 and 2012, where the guideline value surged to Rs 6,500 per sq.ft, a remarkable increase of 333%.

From 2012 to the latest revision in 2024, the guideline value rose to Rs 7,100 per sq.ft, which is a 9% increase. Overall, from 2002 to 2024, the guideline value has increased by 543%. It is important to note that the register has no figures for the years 2017 and 2023 for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, placing Thiruvengadapuram Main Road's 2024 figure above that median.

• Thiruvengadapuram 2nd Street: Rs 7,100 per sq.ft (2024)
• Thiruvengadapuram 1st Street: 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 Main Road

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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvengadapuram Main Road?

The Sub Registrar Office that covers Thiruvengadapuram Main Road 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 is a crucial factor during the registration of property transactions in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the legal and financial implications of the transaction. It is essential to be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thiruvengadapuram Main Road?

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

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased significantly from Rs 1,105 per sq.ft to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 543%.

What is the land classification for Thiruvengadapuram Main Road?

Thiruvengadapuram Main Road is classified as Residential Special Type - II.

Which office handles registrations for properties in this area?

The Kodambakkam Sub Registrar Office handles registrations for properties in Thiruvengadapuram Main Road, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for property transactions?

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 a rate of 7%.