Guideline Value for Thiruvengada Nagar 4th Street

Thiruvengada Nagar 4th Street guideline value

The current guideline value of Thiruvengada Nagar 4th 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 4th Street has changed

In the 2012 revision, the guideline value was Rs 4,700 per sq.ft. This figure decreased to Rs 3,149 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value saw a significant increase of 49%, bringing it to Rs 4,700 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 5,100 per sq.ft, reflecting a 9% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007 regarding 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, with a median value of Rs 3,600 per sq.ft. Thiruvengada Nagar 4th Street's 2024 guideline value is above this median.

• Thiruvengada Nagar 3rd 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 2nd Street: Rs 5,100 per sq.ft (2024)
• Thiruvengada Nagar 7th Street: Rs 5,100 per sq.ft (2024)
• Thiruvengada Nagar 8th Street: Rs 5,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvengada Nagar 4th 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 cost for these fees to Rs 4,59,000. Please note that duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvengada Nagar 4th Street?

The Thiruvengada Nagar 4th Street is covered by 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 a crucial factor during property registration in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

Frequently asked questions

What is the current guideline value of Thiruvengada Nagar 4th Street?

The current guideline value of Thiruvengada Nagar 4th Street is Rs 5,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen several revisions: it was Rs 4,700 in 2012, decreased to Rs 3,149 in 2017, increased to Rs 4,700 in 2023, and finally set at Rs 5,100 in 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 51,00,000, the stamp duty would be Rs 3,57,000 and the registration fee would be Rs 1,02,000, totaling Rs 4,59,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office handles registrations for this street?

The Ambattur Sub Registrar Office is responsible for registrations in Thiruvengada Nagar 4th Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for Thiruvengada Nagar 4th Street?

The land classification for Thiruvengada Nagar 4th Street is Residential Special Type - I, indicating its designated use within the local planning framework.