Guideline Value for Thiruvengadam street

Thiruvengadam street guideline value

The current guideline value of Thiruvengadam street is Rs 7,100 per sq.ft. This street is located in Egmore village under the Periamet Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Thiruvengadam street has changed

The guideline value for Thiruvengadam street has seen several revisions over the years. In 2002, the value was Rs 601 per sq.ft, which increased to Rs 663 per sq.ft in 2003, marking a change of +10%. The value continued to rise significantly, reaching Rs 1,500 per sq.ft in 2007, a substantial increase of +126%. However, it then dropped to Rs 6,500 per sq.ft in 2012, showing a decrease of -33%. The value remained the same in 2012 and 2023 at Rs 6,500 per sq.ft, before rising to Rs 7,100 per sq.ft in 2024, reflecting a change of +9%.

Overall, from 2002 to 2024, the guideline value has increased by +1081%. The revisions for the years 2017 and 2023 show a significant increase of +49% from Rs 4,355 per sq.ft in 2017 to Rs 6,500 per sq.ft in 2023. There are no figures available for the revisions in other years for this street.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value is Rs 7,100 per sq.ft, which is the same as the guideline value for Thiruvengadam street.

• Thiruvengadam Lane: Rs 4,400 per sq.ft (2024)
• Thiruveedhi amman koil street: Rs 4,900 per sq.ft (2024)
• Thiyagappa Mudali 1st lane: Rs 7,100 per sq.ft (2024)
• Thiyagappa Mudali 2nd lane: Rs 7,100 per sq.ft (2024)
• Thiyagappa Mudali street: Rs 7,100 per sq.ft (2024)
• Thiygappa Mudali 3rd lane: Rs 7,100 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 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would amount to Rs 4,97,000, while the registration fee at 2% would be Rs 1,42,000. Together, the total cost for stamp duty and registration fee would be Rs 6,39,000. 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 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 Egmore

The guideline value is an important factor when buying or selling property in Egmore. It helps determine the stamp duty and registration fees that need to be paid during the transaction. The guideline value is set by the government and is updated periodically to reflect market conditions.

When a property is registered, the higher of the guideline value and the sale price is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Thiruvengadam street?

The current guideline value of Thiruvengadam street is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 601 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of +1081%.

What is the land classification for Thiruvengadam street?

The land classification for Thiruvengadam street is Residential Class II Type - I.

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.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot of 1,000 sq.ft at the current guideline value, the total stamp duty and registration fees would amount to Rs 6,39,000.