Guideline Value for THIRUVENKADAM AVENUE

Thiruvenkadam Avenue guideline value

The current guideline value of Thiruvenkadam Avenue is Rs 1,320 per sq.ft. This street is located in Mangadu -A village, under the Kunrathur SRO, and is classified as Residential Class II Type - III.

How the guideline value of Thiruvenkadam Avenue has changed

The guideline value for Thiruvenkadam Avenue has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, an increase of 10% from the 2023 revision of Rs 1,200 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 1,072 per sq.ft, marking a 12% increase from the previous revision in 2023. The overall increase from 2017 to 2024 is 23%.

The register has no figures for the years 2002, 2003, 2007, and 2012 for this street. This lack of data means that the changes in value during those years are not documented.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 3,300 per sq.ft, with a median value of Rs 1,870 per sq.ft. The guideline value of Thiruvenkadam Avenue is below this median.

• Thoppu Street: Rs 1,870 per sq.ft (2024)
• Thulasidoss Nagar: Rs 2,090 per sq.ft (2024)
• Thiruvalluvar City III: Rs 2,200 per sq.ft (2024)
• Thiruvalluvar City II: Rs 2,200 per sq.ft (2024)
• Thiruvalluvar City I: Rs 2,200 per sq.ft (2024)
• Thirupathy Nagar: Rs 1,980 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 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Thiruvenkadam Avenue?

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

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value is a crucial factor in the registration process when buying or selling property in Mangadu -A. It determines the stamp duty and registration fees that are applicable during the transaction.

When a property is registered, the guideline value serves as a baseline for calculating the costs associated with the transfer of ownership. Buyers should be aware that these values can influence the overall expenses incurred during the property transaction.

Frequently asked questions

What is the current guideline value of Thiruvenkadam Avenue?

The current guideline value of Thiruvenkadam Avenue is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,072 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 23% over these years.

What are the stamp duty and registration fees for properties on Thiruvenkadam Avenue?

The stamp duty for properties on Thiruvenkadam Avenue is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total costs would amount to Rs 1,18,800.

Which office handles registrations for Thiruvenkadam Avenue?

The Kunrathur Sub Registrar Office handles registrations for Thiruvenkadam Avenue, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Thiruvenkadam Avenue?

Thiruvenkadam Avenue is classified as Residential Class II Type - III, which is relevant for determining its guideline value and usage.