Guideline Value for THIRUVENKADAM AVENUE

Thiruvenkadam Avenue guideline value

The current guideline value of Thiruvenkadam Avenue is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village under the Kunrathur SRO, classified as Mixed Special Type - III.

How the guideline value of Thiruvenkadam Avenue has changed

The guideline value for Thiruvenkadam Avenue has undergone revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 1,600 per sq.ft, which increased to Rs 1,760 per sq.ft in the 2024 revision, marking a 10% rise.

Prior to the 2023 revision, there are no figures available for the mentioned years in the register. The most recent change reflects an upward adjustment in the guideline value, indicating a significant increase from the previous year.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft. The median value is Rs 1,540 per sq.ft, placing Thiruvenkadam Avenue's 2024 figure above this median.

• Thiru Vooraga Perumal Nagar: Rs 1,540 per sq.ft (2024)
• Thoppu Street Natham: Rs 1,540 per sq.ft (2024)
• Thiruneermalai Road: Rs 1,540 per sq.ft (2024)
• Thiruneermalai Main Road, Othavadai Street: Rs 1,540 per sq.ft (2024)
• Trident Garden Phase I to X: Rs 2,090 per sq.ft (2024)
• Thirunavukkarasu Nagar: Rs 2,860 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 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, totaling Rs 1,58,400. 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 details.

Which Sub Registrar Office covers Thiruvenkadam Avenue?

The Thiruvenkadam Avenue falls under the Kunrathur Sub Registrar Office located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kunrathour-B. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that both buyers and sellers comply with the legal requirements.

When a property is sold, the guideline value helps determine the minimum value on which the stamp duty is calculated. This value is essential for both the buyer and seller to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Thiruvenkadam Avenue?

The current guideline value of Thiruvenkadam Avenue is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,600 per sq.ft in 2023 to Rs 1,760 per sq.ft in 2024, which is a 10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Kunrathour-B?

The median guideline value in Kunrathour-B is Rs 1,540 per sq.ft. Thiruvenkadam Avenue's current value is above this median.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles registrations for properties in the area.

How is stamp duty calculated for property in Thiruvenkadam Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 17,60,000 would incur a stamp duty of Rs 1,23,200 at a rate of 7%.