Guideline Value for Thiruvengada Nagar 8th Street

Thiruvengada Nagar 8th Street guideline value

The current guideline value of Thiruvengada Nagar 8th 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 8th Street has changed

Starting from the 2012 revision, the guideline value for Thiruvengada Nagar 8th Street was Rs 4,700 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 3,149 per sq.ft. Following this, the value saw a significant increase to Rs 4,700 per sq.ft in 2023, and then further increased by 9% to Rs 5,100 per sq.ft in 2024.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023. However, from 2012 to 2017, there was a decline of 33%. Overall, the guideline value has increased by 9% from the 2012 revision to the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur village, 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 in this area is Rs 3,600 per sq.ft, placing Thiruvengada Nagar 8th Street's 2024 figure above that median.

• Thiruvengada Nagar 7th Street: Rs 5,100 per sq.ft (2024)
• Thiruvengada Nagar Crasent Road: Rs 5,100 per sq.ft (2024)
• Thiruvengada Nagar Main Road: Rs 5,100 per sq.ft (2024)
• Thiruvengada Nagar 6th Street: Rs 5,100 per sq.ft (2024)
• Thiruvengada Nagar South End Road: Rs 5,100 per sq.ft (2024)
• Thiruvengada Nagar 5th Street: Rs 5,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvengada Nagar 8th Street

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, totaling 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.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvengada Nagar 8th Street?

The Sub Registrar Office that covers Thiruvengada Nagar 8th 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 more details.

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

The guideline value plays a crucial role when buying or selling property in Ambattur. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers should be aware that the duty is calculated on the higher of the guideline value or the sale price, ensuring that the correct amounts are paid during the transaction.

When a property is registered, the guideline value helps to standardize the valuation process, making it easier for both buyers and sellers to understand the financial implications of their property transactions. This ensures transparency and fairness in the real estate market.

Frequently asked questions

What is the current guideline value of Thiruvengada Nagar 8th Street?

The current guideline value of Thiruvengada Nagar 8th 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 8th Street?

Thiruvengada Nagar 8th Street is classified as Residential Special Type - I.

What are the other streets in Ambattur with the same guideline value?

Other streets in Ambattur with the same guideline value of Rs 5,100 per sq.ft include Thiruvengada Nagar 7th Street, Thiruvengada Nagar Crasent Road, Thiruvengada Nagar Main Road, Thiruvengada Nagar 6th Street, Thiruvengada Nagar South End Road, and Thiruvengada Nagar 5th Street.

Where can I find the Sub Registrar Office for Thiruvengada Nagar 8th Street?

The Sub Registrar Office for Thiruvengada Nagar 8th Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.