Guideline Value

Corporate

Guideline Value for THIRUVENKADAM NAGAR 2ND MAIN ROAD

₹4400/sq.ft.

The guideline value for Thiruvenkadam Nagar 2nd Main Road in Perungudi village (Neelankarai SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perungudi

Village

Neelankarai

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1746 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹265 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹235 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Thiruvenkadam Nagar 2nd Main Road

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Thiruvenkadam Nagar 2nd Main Road guideline value

The current guideline value of Thiruvenkadam Nagar 2nd Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This road is located in Perungudi village, under the Neelankarai SRO, and is classified as Residential Class I Type - II.

How the guideline value of Thiruvenkadam Nagar 2nd Main Road has changed

The guideline value for Thiruvenkadam Nagar 2nd Main Road has undergone several revisions over the years. In 2002, the value was Rs 235 per sq.ft, which increased significantly to Rs 265 per sq.ft in 2003. Following this, the value saw a remarkable rise of 559% to reach Rs 1,746 per sq.ft in 2007. The value further increased by 129% to Rs 4,000 per sq.ft in 2012. However, there was a decrease of 33% in 2017, bringing the value down to Rs 2,680 per sq.ft. The value then rose to Rs 4,000 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for revisions prior to 2002 or any years without a specified figure for this street. The overall increase from the 2002 revision to the 2024 revision is 1772%.

Guideline values in Perungudi

In Perungudi village, there are 249 streets under the Neelankarai SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft, with a median value of Rs 3,300 per sq.ft. Thiruvenkadam Nagar 2nd Main Road's current value of Rs 4,400 per sq.ft is above this median.

Stamp duty and registration fee for property in Thiruvenkadam Nagar 2nd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total amount payable Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thiruvenkadam Nagar 2nd Main Road?

The Thiruvenkadam Nagar 2nd Main Road falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Perungudi. It serves as a benchmark for determining the minimum value of the property, which is essential for calculating the stamp duty and registration fees that need to be paid during the transaction.

When buying or selling property, it is important to be aware that the guideline value can affect the overall costs involved in the transaction. Buyers should ensure they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thiruvenkadam Nagar 2nd Main Road?

The current guideline value of Thiruvenkadam Nagar 2nd Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, increasing from Rs 235 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, which is an overall increase of 1772%.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in this area is 7% of the guideline value or sale price, whichever is higher.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the median guideline value for streets in Perungudi?

The median guideline value for streets in Perungudi is Rs 3,300 per sq.ft, while Thiruvenkadam Nagar 2nd Main Road's value is above this median at Rs 4,400 per sq.ft.