Guideline Value for Thiruvengada Nagar 3rd Street

Thiruvengada Nagar 3rd Street guideline value

The current guideline value of Thiruvengada Nagar 3rd 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 3rd Street has changed

The guideline value for Thiruvengada Nagar 3rd Street has undergone several revisions over the years. The 2012 revision set the value at Rs 4,700 per sq.ft, which then decreased to Rs 3,149 per sq.ft in the 2017 revision. This change represented a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 4,700 per sq.ft, marking a rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 5,100 per sq.ft, reflecting a growth of 9% from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 9%.

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. The median guideline value for these streets is Rs 3,600 per sq.ft, positioning Thiruvengada Nagar 3rd Street's 2024 figure above that median.

• Thiruvengada Nagar 4th Street: Rs 5,100 per sq.ft (2024)
• Thiruvengada Nagar 2nd 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 Nagar 1st Street: Rs 5,100 per sq.ft (2024)
• Thiruvengada Nagar 7th Street: Rs 5,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvengada Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,100 per sq.ft, the total guideline value would be Rs 51,00,000. The stamp duty at 7% would amount to Rs 3,57,000, and the registration fee at 2% would be Rs 1,02,000, bringing the total fees together to Rs 4,59,000. It is essential 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 3rd Street?

The Thiruvengada Nagar 3rd Street falls under 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 plays a crucial role in the registration process when buying or selling property in Ambattur. 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 registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thiruvengada Nagar 3rd Street?

The current guideline value of Thiruvengada Nagar 3rd 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 are the other streets in Ambattur with the same guideline value?

Other streets in Ambattur that share the same guideline value of Rs 5,100 per sq.ft for 2024 include Thiruvengada Nagar 1st Street, 2nd Street, 4th Street, 5th Street, 6th Street, and 7th Street.

What factors influence the guideline value?

The guideline value is determined by the Registration Department and is influenced by various factors, including land classification and location within the village. It is revised periodically to reflect changes in the real estate market.

Where can I find more information about the registration process?

For more information about the registration process and related fees, you can visit the Ambattur Sub Registrar Office or use the online resources provided by the Registration Department.