Guideline Value for Thiruvengada Nagar 2nd Street

Thiruvengada Nagar 2nd Street guideline value

The current guideline value of Thiruvengada Nagar 2nd Street is Rs 5,100 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Special Type - I.

How the guideline value of Thiruvengada Nagar 2nd Street has changed

The guideline value for Thiruvengada Nagar 2nd Street has seen several revisions over the years. In 2012, the guideline value was Rs 4,700 per sq.ft, which decreased to Rs 3,149 per sq.ft in 2017. This was a significant drop of 33%. However, from 2017 to 2023, the value increased to Rs 4,700 per sq.ft, marking a 49% rise. The most recent revision in 2024 set the value at Rs 5,100 per sq.ft, reflecting a 9% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, comparing the guideline values from 2012 to 2024, there has been a 9% increase.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft. The guideline value of Thiruvengada Nagar 2nd Street is above this median.

• Thiruvengada Nagar 3rd Street: Rs 5,100 per sq.ft (2024)
• Thiruvengada Nagar 1st Street: Rs 5,100 per sq.ft (2024)
• Thiruvengada Nagar 4th Street: Rs 5,100 per sq.ft (2024)
• Thiruvengada Nagar 5th Street: Rs 5,100 per sq.ft (2024)
• Thiruvengada Nagar 6th Street: Rs 5,100 per sq.ft (2024)
• Thiruvengada muthali Street: Rs 5,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvengada Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,100 per sq.ft, the total guideline value amounts to Rs 51,00,000. The stamp duty at 7% would be Rs 3,57,000, and the registration fee at 2% would be Rs 1,02,000, bringing the total fees to Rs 4,59,000. 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 detailed calculations.

Which Sub Registrar Office covers Thiruvengada Nagar 2nd Street?

The Thiruvengada Nagar 2nd Street falls under the jurisdiction of 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 Ambattur

The guideline value is crucial during property registration as it determines the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider this value to ensure compliance with legal requirements and to understand the financial implications of the transaction.

When a property is sold, the guideline value is used as a benchmark to assess the transaction value. This means that if the sale price is lower than the guideline value, the stamp duty and registration fees will be calculated based on the guideline value instead.

Frequently asked questions

What is the current guideline value of Thiruvengada Nagar 2nd Street?

The current guideline value of Thiruvengada Nagar 2nd Street is Rs 5,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,700 per sq.ft in 2012 to Rs 3,149 per sq.ft in 2017, then increased to Rs 4,700 per sq.ft in 2023, and finally to Rs 5,100 per sq.ft in 2024.

What is the land classification of Thiruvengada Nagar 2nd Street?

Thiruvengada Nagar 2nd Street is classified as Residential Special Type - I.

Which office handles registrations for Thiruvengada Nagar 2nd Street?

The Ambattur Sub Registrar Office handles registrations for Thiruvengada Nagar 2nd Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Thiruvengada Nagar 2nd Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 51,00,000, the stamp duty at 7% would be Rs 3,57,000.