Guideline Value for THIRUVENKADAM STREET

Thiruvenkadam Street guideline value

The current guideline value of Thiruvenkadam Street is Rs 14,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class I Type - III.

How the guideline value of Thiruvenkadam Street has changed

The guideline value for Thiruvenkadam Street has seen revisions over the years. The most recent revision in 2024 set the value at Rs 14,300 per sq.ft, which is a 10% increase from the 2023 revision of Rs 13,000 per sq.ft. Prior to that, the guideline value remained unchanged at Rs 13,000 per sq.ft from the 2012 revision until the 2023 revision.

There are no figures available for the revisions in 2017, 2007, 2003, and 2002 for this street. Overall, comparing the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, indicating that Thiruvenkadam Street's 2024 figure is above this median.

• Thiruvenkadam Street Extension: Rs 14,300 per sq.ft (2024)
• Thiru.V.K. 1st Lane: Rs 12,100 per sq.ft (2024)
• Thiruvengadam 2nd Street: Rs 7,100 per sq.ft (2024)
• Thiruveedhi Amman Koil (Royapettah): Rs 8,200 per sq.ft (2024)
• Thiruveedhi Amman Koil (Mandaveli): Rs 8,200 per sq.ft (2024)
• Thondaikan Makkan 1st Lane: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvenkadam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 14,300 per sq.ft, the total guideline value amounts to Rs 1,43,00,000. The stamp duty at 7% would be Rs 10,01,000, and the registration fee at 2% would be Rs 2,86,000, leading to a total of Rs 12,87,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvenkadam Street?

The Thiruvenkadam Street is covered by the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mylapore. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable taxes, ensuring that both the buyer and seller are aware of the costs involved. It is essential for buyers to be informed about the current guideline value to avoid any unexpected expenses during the registration process.

Frequently asked questions

What is the current guideline value of Thiruvenkadam Street?

The current guideline value of Thiruvenkadam Street is Rs 14,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2012 to 2024?

From the 2012 revision to the 2024 revision, the guideline value has increased by 10% from Rs 13,000 per sq.ft to Rs 14,300 per sq.ft.

What is the registration office for Thiruvenkadam Street?

The registration office for Thiruvenkadam Street is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.

What is the median guideline value for streets in Mylapore?

The median guideline value for streets in Mylapore is Rs 8,800 per sq.ft, indicating that Thiruvenkadam Street's current value is above this median.

How is stamp duty calculated in Thiruvenkadam Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,43,00,000, the stamp duty at 7% would amount to Rs 10,01,000.