Guideline Value for THIRUVENGADAPURAM

Thiruvengadapuram guideline value

The current guideline value of Thiruvengadapuram is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Thiruvengadapuram has changed

The guideline value for Thiruvengadapuram has seen several revisions over the years. The earliest recorded figure is from 2002, where the guideline value was Rs 336 per sq.ft. This increased to Rs 369 per sq.ft in 2003, marking a 10% rise. In 2007, the value jumped significantly to Rs 550 per sq.ft, reflecting a 49% increase. The value then rose dramatically to Rs 2,000 per sq.ft in 2012, showing a 264% increase. However, in 2017, it decreased to Rs 1,340 per sq.ft, representing a 33% drop. Following this, the value increased to Rs 2,000 per sq.ft in 2023, a 49% rise, and finally reached Rs 2,200 per sq.ft in 2024, a 10% increase.

There are no figures available for the years not listed in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 555%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft in 2024. The median value for these streets is Rs 2,700 per sq.ft, placing Thiruvengadapuram's 2024 figure below that median.

• Thiruvengadam Sami Street: Rs 3,800 per sq.ft (2024)
• Thiruvengadam Mudali Street: Rs 3,800 per sq.ft (2024)
• Thiruvengadam 2nd Street: Rs 2,700 per sq.ft (2024)
• Thiruvengadam 1st Street: Rs 2,700 per sq.ft (2024)
• Thiru.V.K. Colony All Streets: Rs 1,600 per sq.ft (2024)
• Thiru.V.K Nagar 10th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvengadapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvengadapuram?

The Sub Registrar Office that covers Thiruvengadapuram is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai-600 012. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process of property transactions in Perambur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This value is crucial for both buyers and sellers to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Thiruvengadapuram?

The current guideline value of Thiruvengadapuram is Rs 2,200 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 from Rs 336 per sq.ft to Rs 2,200 per sq.ft in 2024, marking a total increase of 555% over this period.

What is the land classification for Thiruvengadapuram?

Thiruvengadapuram is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for Thiruvengadapuram?

The Sub Registrar Office for Thiruvengadapuram is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai-600 012.

How is stamp duty calculated for properties in Thiruvengadapuram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot valued at Rs 22,00,000, the stamp duty would be calculated at 7% of this amount.