Guideline Value for Thiruvengada nagar

Thiruvengada nagar guideline value

The current guideline value of Thiruvengada nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This area falls under Poonthamallee village and is registered with the Poonamallee SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Thiruvengada nagar has changed

Over the years, the guideline value of Thiruvengada nagar has undergone several revisions. The 2007 revision set the value at Rs 400 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, there was a decrease to Rs 1,340 per sq.ft in the 2017 revision. The value then rose to Rs 2,000 per sq.ft in 2023, before reaching the current rate of Rs 2,200 per sq.ft in 2024.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2012 to 2017 saw a decrease of 33%. Notably, the 2007 to 2012 period experienced a remarkable increase of 400%. Overall, from 2007 to 2024, the guideline value has increased by 450%. The register does not provide figures for the years 2002 and 2003 for this street.

Guideline values in Poonthamallee

Poonthamallee village has 257 streets under the Poonamallee SRO, with a guideline value range from Rs 1,980 to Rs 4,950 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,200 per sq.ft, which matches the current value for Thiruvengada nagar.

• Thiruvalluvar street: Rs 2,200 per sq.ft (2024)
• Thubash street: Rs 2,200 per sq.ft (2024)
• Thulukkanam Stree: Rs 2,200 per sq.ft (2024)
• Thirupur kumaran street: Rs 2,200 per sq.ft (2024)
• Trunk road: Rs 4,950 per sq.ft (2024)
• Thirumal Nagar First Main Street: Rs 2,740 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvengada nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thiruvengada nagar?

The Sub Registrar Office that covers Thiruvengada nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Poonthamallee. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements during the registration process.

When registering a property, the guideline value is compared to the sale price, and the higher of the two values 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?

The current guideline value of Thiruvengada nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 400 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, with various fluctuations in between.

What are the stamp duty and registration fees for property in Thiruvengada nagar?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers Thiruvengada nagar?

The Poonamallee Sub Registrar Office covers Thiruvengada nagar, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056.

What is the land classification for Thiruvengada nagar?

The land classification for Thiruvengada nagar is Residential Class II Type - I.