Guideline Value

Corporate

Guideline Value for THIRUVENKADAM NAGAR 2ND STREET

₹4400/sq.ft.

The guideline value for Thiruvenkadam Nagar 2nd Street 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 N/A
From 1-4-2002 To 31-3-2003 N/A
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 Street

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Thiruvenkadam Nagar 2nd Street guideline value

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

How the guideline value of Thiruvenkadam Nagar 2nd Street has changed

Reviewing the revisions, the guideline value for Thiruvenkadam Nagar 2nd Street has seen significant changes over the years. The 2007 revision recorded a value of Rs 1,746 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012. This represented a notable increase of 129%. However, the value decreased to Rs 2,680 per sq.ft in 2017, marking a decline of 33%. The subsequent revisions saw the value rise to Rs 4,000 per sq.ft in 2023 and then to Rs 4,400 per sq.ft in 2024, reflecting increases of 49% and 10%, respectively.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, the guideline value has increased by 152% from the 2007 revision to the current 2024 figure.

Guideline values in Perungudi

In Perungudi, there are 249 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing Thiruvenkadam Nagar 2nd Street's 2024 figure above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to 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, bringing the total to 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvenkadam Nagar 2nd Street?

The Thiruvenkadam Nagar 2nd Street 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Perungudi. It is used to determine the stamp duty and registration fees that must be paid at the time of registration, ensuring that the transaction is compliant with local regulations.

When a property is sold, the guideline value is referenced to calculate the applicable fees. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction, based on the established guideline values for their respective properties.

Frequently asked questions

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

The current guideline value of Thiruvenkadam Nagar 2nd Street 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 changed significantly, increasing from Rs 1,746 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, which is an overall increase of 152%.

What is the stamp duty for properties in Thiruvenkadam Nagar 2nd Street?

The stamp duty for properties in Thiruvenkadam Nagar 2nd Street is 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office is responsible for Thiruvenkadam Nagar 2nd Street?

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

What is the median guideline value in Perungudi?

The median guideline value in Perungudi is Rs 3,300 per sq.ft, with Thiruvenkadam Nagar 2nd Street's value of Rs 4,400 per sq.ft being above this median.