Guideline Value for THIRUVENGADAPURAM SECOND CROSS STREET

Thiruvengadapuram Second Cross Street guideline value

The current guideline value of Thiruvengadapuram Second Cross Street is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Vengambakkam village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - V.

How the guideline value of Thiruvengadapuram Second Cross Street has changed

The guideline value for Thiruvengadapuram Second Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which was then reduced to Rs 603 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 900 per sq.ft in the 2023 revision, and currently stands at Rs 990 per sq.ft as per the 2024 revision, marking a 10% increase from the previous year.

In summary, the guideline value has changed from Rs 900 in 2012 to Rs 990 in 2024, reflecting an overall increase of 10% over this period. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Vengambakkam

In Vengambakkam, there are a total of 88 streets under the Tambaram Joint 1 SRO that carry a guideline value for 2024, ranging from Rs 440 to Rs 5,000 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, placing Thiruvengadapuram Second Cross Street's 2024 figure above this median.

• Thiruvengadapuram Extension II: Rs 990 per sq.ft (2024)
• Thiruvengadapuram Extension: Rs 1,100 per sq.ft (2024)
• Thiruvenkadapuram: Rs 1,100 per sq.ft (2024)
• Thiruvalluvar Street: Rs 440 per sq.ft (2024)
• Thoppu Street: Rs 440 per sq.ft (2024)
• Thulukanathaman Koil Cross Street: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvengadapuram Second Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total cost for these fees to Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thiruvengadapuram Second Cross Street?

The Sub Registrar Office that covers Thiruvengadapuram Second Cross Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Vengambakkam

The guideline value plays a crucial role in the registration process of property transactions in Vengambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are conducted at a fair and transparent price.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all parties involved in the transaction are aware of the costs associated with the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Thiruvengadapuram Second Cross Street?

The current guideline value of Thiruvengadapuram Second Cross Street is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 in 2012 to Rs 990 in 2024, with various revisions in between. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

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

For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 and the registration fee would be Rs 19,800, totaling Rs 89,100. These fees are calculated based on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers Thiruvengadapuram Second Cross Street?

The Tambaram Joint 1 Sub Registrar Office covers Thiruvengadapuram Second Cross Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification for Thiruvengadapuram Second Cross Street?

The land classification for Thiruvengadapuram Second Cross Street is Residential Special Type - V, indicating its designated use for residential purposes.