Guideline Value for Thanthai Periyar Nagar (Venkatesan Street)

Thanthai Periyar Nagar (Venkatesan Street) guideline value

The current guideline value for Thanthai Periyar Nagar (Venkatesan Street) is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO, and falls under the Residential Class III Type - II land classification.

How the guideline value of Thanthai Periyar Nagar (Venkatesan Street) has changed

The guideline value for Thanthai Periyar Nagar (Venkatesan Street) has seen significant changes over the years. In 2002, the guideline value was Rs 144 per sq.ft, which increased to Rs 170 per sq.ft in 2003, marking an 18% rise. The value further increased to Rs 200 per sq.ft in 2007, representing another 18% increase. A substantial jump occurred in 2012, where the value reached Rs 1,400 per sq.ft, indicating a remarkable 600% increase from the previous figure.

From 2012 to 2023, the guideline value remained at Rs 1,400 per sq.ft. However, in the 2024 revision, the value increased to Rs 1,500 per sq.ft, reflecting a 7% rise. It is noteworthy that there is no figure for this street in the 2017 revision. Overall, from 2002 to 2024, the guideline value has increased by 942%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values for 2024 ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, placing Thanthai Periyar Nagar (Venkatesan Street) below this median.

• Thembhavani Street (Sri Sakthi Nagar): Rs 2,400 per sq.ft (2024)
• Thendral Nagar: Rs 1,600 per sq.ft (2024)
• Thendral Nagar Annex: Rs 1,900 per sq.ft (2024)
• Thendral Nagar Bethania Street: Rs 1,600 per sq.ft (2024)
• Thendral Nagar East 10th Street: Rs 1,600 per sq.ft (2024)
• Thendral Nagar East 11th Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Thanthai Periyar Nagar (Venkatesan Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, making the total Rs 1,35,000. 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 Thanthai Periyar Nagar (Venkatesan Street)?

The Sub Registrar Office that covers Thanthai Periyar Nagar (Venkatesan Street) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Thirumullaivoyal. It serves as a reference point for determining the stamp duty and registration fees applicable to a property transaction. Buyers and sellers should be aware that the guideline value can influence the overall costs involved in the transaction.

When registering a property, the guideline value will be used to calculate the stamp duty and registration fees. This ensures that both parties are aware of the financial obligations that come with the property transfer, based on the established guideline value.

Frequently asked questions

What is the current guideline value for Thanthai Periyar Nagar (Venkatesan Street)?

The current guideline value for Thanthai Periyar Nagar (Venkatesan Street) is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 144 per sq.ft in 2002 to Rs 1,500 per sq.ft in 2024, marking an overall increase of 942%.

What is the stamp duty for property in Thanthai Periyar Nagar?

The stamp duty for property in Thanthai Periyar Nagar is 7% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would amount to Rs 1,05,000.

Which Sub Registrar Office covers this area?

The Ambattur Sub Registrar Office covers Thanthai Periyar Nagar (Venkatesan Street). The office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for Thanthai Periyar Nagar?

Thanthai Periyar Nagar (Venkatesan Street) falls under the Residential Class III Type - II land classification.