Guideline Value for Thiruvengadapuram Extension II

Thiruvengadapuram Extension II guideline value

The current guideline value of Thiruvengadapuram Extension II is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Vengambakkam village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - V.

How the guideline value of Thiruvengadapuram Extension II has changed

The guideline value for Thiruvengadapuram Extension II has undergone several revisions over the years. The earliest available figure is from the 2017 revision, which was Rs 603 per sq.ft. This increased to Rs 900 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 990 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions from 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vengambakkam

In Vengambakkam, there are 88 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 440 to Rs 5,000 per sq.ft. The median value among these streets is Rs 770 per sq.ft, indicating that the guideline value for Thiruvengadapuram Extension II is above this median.

• Thiruvengadapuram Extension: Rs 1,100 per sq.ft (2024)
• Thiruvengadapuram Second Cross Street: Rs 990 per sq.ft (2024)
• Thiruvenkadapuram: Rs 1,100 per sq.ft (2024)
• Thiruvalluvar Street: Rs 440 per sq.ft (2024)
• Thoppu Street: Rs 440 per sq.ft (2024)
• Thulukanathaman Koil Cross Street: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvengadapuram Extension II

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total fees together 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 Thiruvengadapuram Extension II?

Thiruvengadapuram Extension II is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Vengambakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the property transaction process. This value is established by the government and is updated periodically to reflect changes in the real estate market.

When registering a property, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. 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 Thiruvengadapuram Extension II?

The current guideline value of Thiruvengadapuram Extension II is Rs 990 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

Since the 2017 revision, the guideline value has increased from Rs 603 per sq.ft to Rs 990 per sq.ft in 2024, representing an overall increase of 64%.

What is the land classification for Thiruvengadapuram Extension II?

The land classification for Thiruvengadapuram Extension II is Residential Special Type - V.

Where can I find the Tambaram Joint 1 Sub Registrar Office?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 9,90,000, the total fees would amount to Rs 89,100.