Guideline Value for THIRUVENKADAM AVENUE

Thiruvenkadam Avenue guideline value

The current guideline value of Thiruvenkadam Avenue is Rs 1,400 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-B village, under the Avadi SRO, and is classified as Residential Special Type - IV.

How the guideline value of Thiruvenkadam Avenue has changed

The guideline value for Thiruvenkadam Avenue has seen significant changes over the years. The 2017 revision set the value at Rs 871 per sq.ft, which increased to Rs 1,300 per sq.ft in the 2023 revision, marking a substantial increase of 49%. The latest 2024 revision has further raised the value to Rs 1,400 per sq.ft, reflecting an 8% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 61%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,760 per sq.ft. The median value among these streets is Rs 770 per sq.ft, placing Thiruvenkadam Avenue's 2024 figure above that median.

• Thiruvengada Nagar & Streets: Rs 770 per sq.ft (2024)
• Thiruvengada Nagar Main Street: Rs 770 per sq.ft (2024)
• Thiruvengada Nagar 9th St: Rs 770 per sq.ft (2024)
• Thiruvengada Nagar 8th St: Rs 770 per sq.ft (2024)
• Thiruvengada Nagar 7th St: Rs 770 per sq.ft (2024)
• Thiruvengada Nagar 6th St: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvenkadam Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000. Together, these fees would total Rs 1,26,000. Please 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 Thiruvenkadam Avenue?

The Sub Registrar Office that covers Thiruvenkadam Avenue is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-B

The guideline value is a critical factor in the registration process when buying or selling property in Thiruninravur-B. It serves as a benchmark for calculating the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to determine the applicable fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the registration process.

Frequently asked questions

What is the current guideline value of Thiruvenkadam Avenue?

The current guideline value of Thiruvenkadam Avenue is Rs 1,400 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 871 per sq.ft in 2017 to Rs 1,400 per sq.ft in 2024, reflecting a total increase of 61% over this period.

What are the registration fees for properties in Thiruvenkadam Avenue?

For a property valued at Rs 14,00,000, the stamp duty would be Rs 98,000 and the registration fee would be Rs 28,000, totaling Rs 1,26,000.

Which office handles registrations for properties in Thiruvenkadam Avenue?

The Avadi Sub Registrar Office handles registrations for properties in Thiruvenkadam Avenue, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification for Thiruvenkadam Avenue?

Thiruvenkadam Avenue is classified as Residential Special Type - IV, indicating its designated use for residential purposes.