Guideline Value

Corporate

Guideline Value for THIRUVENKADAM NAGAR IST MAIN ROAD

₹4400/sq.ft.

The guideline value for Thiruvenkadam Nagar Ist 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 Ist Main Road

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Thiruvenkadam Nagar Ist Main Road guideline value

The current guideline value of Thiruvenkadam Nagar Ist Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This road is located in Perungudi village and falls under the Neelankarai SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Thiruvenkadam Nagar Ist Main Road has changed

The guideline value of Thiruvenkadam Nagar Ist Main Road has seen significant changes over the years. In 2002, the value was Rs 235 per sq.ft. This increased to Rs 265 per sq.ft in 2003, marking a 13% rise. The value then surged dramatically by 559% to Rs 1,746 per sq.ft in 2007. Following this, the guideline value rose by 129% to Rs 4,000 per sq.ft in 2012. However, there was a decrease of 33% to Rs 2,680 per sq.ft in 2017. The value then increased by 49% to Rs 4,000 per sq.ft in 2023, before reaching the current figure of Rs 4,400 per sq.ft in 2024, reflecting a 10% increase.

There are no figures available for the revisions in the years not mentioned in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 1,772%.

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, with a median value of Rs 3,300 per sq.ft. The guideline value for Thiruvenkadam Nagar Ist Main Road is above this median.

Stamp duty and registration fee for property in Thiruvenkadam Nagar Ist 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 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 use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvenkadam Nagar Ist Main Road?

The Thiruvenkadam Nagar Ist Main Road is covered by 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 is a critical factor during the registration process of property transactions. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property in Perungudi, the guideline value helps both parties understand the official valuation of the property. It is essential for buyers to be aware of the guideline value to ensure they are paying a fair price and for sellers to set a competitive price based on the current market conditions.

Frequently asked questions

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

The current guideline value of Thiruvenkadam Nagar Ist 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 changed significantly, starting from Rs 235 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 1,772% over the years.

What is the land classification for Thiruvenkadam Nagar Ist Main Road?

The land classification for Thiruvenkadam Nagar Ist Main Road is Residential Class I Type - II.

Where can I find the Neelankarai Sub Registrar Office?

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

How is the stamp duty calculated for properties in Thiruvenkadam Nagar Ist Main Road?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 3,08,000.