Guideline Value for Thiruvengada Nagar Church Street

Thiruvengada Nagar Church Street guideline value

The current guideline value of Thiruvengada Nagar Church Street is Rs 2,310 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village under the Padappai SRO, classified as Residential Class II Type - I.

How the guideline value of Thiruvengada Nagar Church Street has changed

The guideline value for Thiruvengada Nagar Church Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,100 per sq.ft, which was a decrease of 33% from Rs 1,407 per sq.ft in the 2017 revision. The 2023 revision raised the value to Rs 2,100 per sq.ft, and the latest 2024 revision increased it to Rs 2,310 per sq.ft, marking a 10% rise from the previous year.

There are no figures available in the register for the years 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft, with the median being Rs 2,310 per sq.ft. Thiruvengada Nagar Church Street's 2024 figure aligns with this median.

• Thiru Venkatapuram: Rs 1,980 per sq.ft (2024)
• Thiru V.K. Street: Rs 2,640 per sq.ft (2024)
• Thiruvalluvar Street: Rs 2,970 per sq.ft (2024)
• Thiyagarayar Street: Rs 2,310 per sq.ft (2024)
• Thiyagi Viswanatha das Nagar: Rs 1,650 per sq.ft (2024)
• Tirupur Kumaran Street: Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvengada Nagar Church Street

For a 1,000 sq.ft plot at the current rate of Rs 2,310 per sq.ft, the guideline value would be Rs 23,10,000. The stamp duty at 7% would amount to Rs 1,61,700, and the registration fee at 2% would be Rs 46,200, totaling Rs 2,07,900. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvengada Nagar Church Street?

The Sub Registrar Office that covers Thiruvengada Nagar Church Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is crucial during property transactions in Perungalathur as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating prices to ensure compliance with local regulations.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thiruvengada Nagar Church Street?

The current guideline value of Thiruvengada Nagar Church Street is Rs 2,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,100 per sq.ft in 2023 to Rs 2,310 per sq.ft in 2024, which is a 10% increase. The value was Rs 1,407 per sq.ft in 2017 and Rs 2,100 per sq.ft in 2012, showing significant changes over the years.

What is the land classification for Thiruvengada Nagar Church Street?

Thiruvengada Nagar Church Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

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

The Sub Registrar Office for Thiruvengada Nagar Church Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 23,10,000, the stamp duty would be Rs 1,61,700 at a rate of 7%.