Guideline Value for Thiruvengadam Nagar

Thiruvengadam Nagar guideline value

The current guideline value of Thiruvengadam Nagar is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Mannivakkam village and falls under the Gooduvancheri SRO, classified as Residential Special Type - II.

How the guideline value of Thiruvengadam Nagar has changed

The guideline value for Thiruvengadam Nagar has seen several revisions over the years. In the 2007 revision, the value was Rs 250 per sq.ft, which increased significantly to Rs 900 per sq.ft in 2012, marking a rise of 260%. However, in the 2017 revision, the value decreased to Rs 603 per sq.ft, a drop of 33%. The 2023 revision brought it back up to Rs 900 per sq.ft, and the current 2024 revision further increased it to Rs 990 per sq.ft, reflecting a 10% rise.

From the 2017 revision to the 2023 revision, the value increased by 49%. Overall, from the 2007 revision to the current 2024 revision, the guideline value has risen by 296%. Notably, there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Mannivakkam

Mannivakkam has a total of 118 streets under the Gooduvancheri SRO, with 2024 guideline values ranging from Rs 330 to Rs 4,300 per sq.ft. The median guideline value in this village is Rs 1,215 per sq.ft, indicating that Thiruvengadam Nagar's 2024 figure is below the median.

• Thiruvalluvar Street: Rs 1,320 per sq.ft (2024)
• T.S.R Avenue: Rs 1,320 per sq.ft (2024)
• TVH TITANIUM CITY 168,169/1part,184/2A2,2A3,2A4,184/13: Rs 3,300 per sq.ft (2024)
• Tvh Titanium City-Phase -II: Rs 4,110 per sq.ft (2024)
• Tvh Titanium Cty: Rs 2,640 per sq.ft (2024)
• ThiruMalai Nagar: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvengadam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, while the registration fee at 2% would be Rs 19,800, bringing the total fees to Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvengadam Nagar?

The Thiruvengadam Nagar area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Mannivakkam. It serves as a benchmark for determining the value of the property being bought or sold, ensuring that the transaction is recorded accurately in the official records.

When a buyer or seller engages in a property transaction, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value of Thiruvengadam Nagar?

The current guideline value of Thiruvengadam Nagar is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 990 per sq.ft in 2024, marking an overall increase of 296% over the years.

What are the stamp duty and registration fees for property in Thiruvengadam Nagar?

For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 and the registration fee would be Rs 19,800, totaling Rs 89,100.

Which office handles the registration for Thiruvengadam Nagar?

The Gooduvancheri Sub Registrar Office handles the registration for Thiruvengadam Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.

What is the median guideline value in Mannivakkam?

The median guideline value in Mannivakkam is Rs 1,215 per sq.ft, indicating that Thiruvengadam Nagar's current value is below this median.