Guideline Value

Corporate

Guideline Value for THIRUVENKADAM NAGAR IST STREET

₹4400/sq.ft.

The guideline value for Thiruvenkadam Nagar Ist 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 Ist Street

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Thiruvenkadam Nagar Ist Street guideline value

The current guideline value of Thiruvenkadam Nagar Ist Street is Rs 4,400 per sq.ft. This street is located in Perungudi village, falling under the Neelankarai SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Thiruvenkadam Nagar Ist Street has changed

The guideline value for Thiruvenkadam Nagar Ist Street has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 1,746 per sq.ft. This value increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 129%. However, it then decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. Following this, the value surged to Rs 4,000 per sq.ft in 2023, and then to the current figure of Rs 4,400 per sq.ft effective from July 1, 2024, reflecting a 10% increase.

There are no figures available for the years 2002 and 2003 in the register for this street. The change from 2017 to 2023 represents a substantial increase of 49%, culminating in an overall increase of 152% from the 2007 figure to the current 2024 guideline value.

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. Thiruvenkadam Nagar Ist Street's 2024 guideline value is above this median.

Stamp duty and registration fee for property in Thiruvenkadam Nagar Ist Street

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 amount to 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 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 precise calculations.

Which Sub Registrar Office covers Thiruvenkadam Nagar Ist Street?

The Thiruvenkadam Nagar Ist Street 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. To find your SRO, you can visit find your SRO.

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

The guideline value is a key factor in property transactions in Perungudi, as it determines the minimum value for registration. When a property is bought or sold, the registration office uses this value to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements during the registration process. This helps in avoiding any discrepancies that may arise due to undervaluation or overvaluation of the property.

Frequently asked questions

What is the current guideline value of Thiruvenkadam Nagar Ist Street?

The current guideline value of Thiruvenkadam Nagar Ist Street is Rs 4,400 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,746 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 152% over this period.

What is the stamp duty rate for properties in Thiruvenkadam Nagar Ist Street?

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

Where can I find the Sub Registrar Office for Thiruvenkadam Nagar Ist Street?

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

What are the other streets with the same guideline value in Perungudi?

Other streets in Perungudi with the same guideline value of Rs 4,400 per sq.ft include Thiruvenkadam Nagar Ist Main Road, Thiruvenkadam Nagar 2nd Street, and Thiruvenkadam Nagar 1st Cross Street.