Guideline Value for Thiruvengada Nagar 5th Street

Thiruvengada Nagar 5th Street guideline value

The current guideline value of Thiruvengada Nagar 5th 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 5th Street has changed

The guideline value for Thiruvengada Nagar 5th Street has seen several revisions over the years. The 2012 revision set the value at Rs 4,700 per sq.ft, which then dropped to Rs 3,149 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 4,700 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 5,100 per sq.ft, reflecting a rise of 9% from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, the guideline value has increased by 9% from the 2012 figure to the current 2024 figure.

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 5th Street's current guideline value is above this median.

• Thiruvengada Nagar 4th Street: Rs 5,100 per sq.ft (2024)
• Thiruvengada Nagar 6th Street: Rs 5,100 per sq.ft (2024)
• Thiruvengada Nagar 3rd 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)
• Thiruvengada Nagar 2nd Street: Rs 5,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvengada Nagar 5th 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, while the registration fee at 2% would be Rs 1,02,000, bringing the total fees together 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvengada Nagar 5th Street?

The Sub Registrar Office that covers Thiruvengada Nagar 5th 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 further assistance.

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

The guideline value is a crucial factor when buying or selling property in Ambattur. It is used to determine the stamp duty and registration fees applicable for the transaction. Buyers must ensure that they are aware of the current guideline value to avoid any discrepancies during the registration process.

When registering a property, the guideline value will be compared to the sale price, and the higher of the two will be used to calculate the applicable duties and fees. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Thiruvengada Nagar 5th Street?

The current guideline value of Thiruvengada Nagar 5th 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 for Thiruvengada Nagar 5th Street?

Thiruvengada Nagar 5th Street is classified as Residential Special Type - I.

What is the registration office for Thiruvengada Nagar 5th Street?

The registration office for Thiruvengada Nagar 5th Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Thiruvengada Nagar 5th 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 would be Rs 3,57,000 at 7%.