Guideline Value for Thiruvengadam Street

Thiruvengadam Street guideline value

The current guideline value of Thiruvengadam Street is Rs 9,900 per sq.ft, effective from 1 July 2024. This street is located in Vepery village under the Periamet SRO and is classified as Commercial Special Type - V.

How the guideline value of Thiruvengadam Street has changed

The guideline value for Thiruvengadam Street has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 3,000 per sq.ft. This increased significantly to Rs 9,000 per sq.ft in 2012, marking a 200% rise. However, it then dropped to Rs 6,030 per sq.ft in 2017, a decrease of 33%. The value rose sharply again to Rs 9,000 per sq.ft in 2023, followed by the latest increase to Rs 9,900 per sq.ft in 2024, which represents a 10% increase.

In summary, from 2007 to 2024, the guideline value has increased overall by 230%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Vepery

In Vepery village, there are 290 streets under the Periamet SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 22,000 per sq.ft, with a median value of Rs 4,800 per sq.ft. Thiruvengadam Street's current guideline value is above this median.

• Thiru Vi.ka.NagarExtension: Rs 4,400 per sq.ft (2024)
• ThoppaiStreet: Rs 4,800 per sq.ft (2024)
• Thottikalai Kumarappa Mudali street: Rs 7,700 per sq.ft (2024)
• Thulasi Naicken street: Rs 4,800 per sq.ft (2024)
• Thirunarayan Guru Road(Hunters Road): Rs 12,100 per sq.ft (2024)
• Uthucattan street: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvengadam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value amounts to Rs 99,00,000. The stamp duty at 7% would be Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, totaling Rs 8,91,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvengadam Street?

The Sub Registrar Office that covers Thiruvengadam Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Vepery. It determines the minimum value at which the property can be registered, ensuring that the transaction is documented accurately and fairly.

When a property is sold, 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 Thiruvengadam Street?

The current guideline value of Thiruvengadam Street is Rs 9,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2007 to Rs 9,900 per sq.ft in 2024, which is an overall increase of 230% over the years.

Where can I find the Sub Registrar Office for Thiruvengadam Street?

The Sub Registrar Office for Thiruvengadam Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 99,00,000, the total fees would amount to Rs 8,91,000.

What is the land classification for Thiruvengadam Street?

Thiruvengadam Street is classified as Commercial Special Type - V under the current guidelines.