Guideline Value for Thiru Venkatapuram

Thiru Venkatapuram guideline value

The current guideline value of Thiru Venkatapuram is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is located in Perungalathur village under the Padappai Sub Registrar Office (SRO) and falls under the Residential Class III Type - I land classification.

How the guideline value of Thiru Venkatapuram has changed

The guideline value for Thiru Venkatapuram has seen several revisions over the years. In 2007, the guideline value was Rs 250 per sq.ft, which increased significantly to Rs 1,800 per sq.ft in 2012. However, it then decreased to Rs 1,206 per sq.ft in 2017. The 2023 revision set the value at Rs 1,800 per sq.ft, and the latest revision in 2024 raised it to Rs 1,980 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value rose by 49%, and from 2023 to 2024, it increased by 10%. Notably, the overall increase from 2007 to 2024 is a substantial 692%, showcasing the significant changes in the guideline value over the years.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO, with guideline values ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,310 per sq.ft, making Thiru Venkatapuram's 2024 figure of Rs 1,980 per sq.ft below that median.

• Thiruvengada Nagar Church Street: Rs 2,310 per sq.ft (2024)
• Thiru V.K. Street: Rs 2,640 per sq.ft (2024)
• Thiyagarayar Street: Rs 2,310 per sq.ft (2024)
• Thiyagi Viswanatha das Nagar: Rs 1,650 per sq.ft (2024)
• Thiruvalluvar Street: Rs 2,970 per sq.ft (2024)
• Tirupur Kumaran Street: Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru Venkatapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600, bringing the total cost to Rs 1,78,200. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiru Venkatapuram?

Thiru Venkatapuram is covered by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are levied. It is essential for buyers and sellers to be aware of the current guideline value to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Thiru Venkatapuram?

The current guideline value of Thiru Venkatapuram is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

Since 2007, the guideline value has increased significantly from Rs 250 per sq.ft to Rs 1,980 per sq.ft in 2024, marking an overall increase of 692%.

What are the other streets in Perungalathur with their guideline values?

Other streets in Perungalathur include Thiruvengada Nagar Church Street at Rs 2,310 per sq.ft, Thiru V.K. Street at Rs 2,640 per sq.ft, and several others with varying guideline values.

What are the stamp duty and registration fees in Thiru Venkatapuram?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Where can I find the Sub Registrar Office for Thiru Venkatapuram?

The Sub Registrar Office covering Thiru Venkatapuram is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.