Guideline Value for Thiruvengadapuram Extension

Thiruvengadapuram Extension guideline value

The current guideline value of Thiruvengadapuram Extension is Rs 1,100 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 street is Residential Special Type - IV.

How the guideline value of Thiruvengadapuram Extension has changed

The guideline value for Thiruvengadapuram Extension has seen several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 has raised the value to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vengambakkam

In Vengambakkam, there are 88 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 5,000 per sq.ft, with a median value of Rs 770 per sq.ft. Thiruvengadapuram Extension's 2024 guideline value is above this median.

• Thiruvengadapuram Extension II: Rs 990 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Thiruvengadapuram Extension?

The Sub Registrar Office that covers Thiruvengadapuram Extension is 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 details.

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 minimum value at which a property can be registered. This value is essential for calculating the stamp duty and registration fees required during the transaction.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value. If the sale price is lower than the guideline value, the stamp duty will be calculated based on the guideline value instead.

Frequently asked questions

What is the current guideline value of Thiruvengadapuram Extension?

The current guideline value of Thiruvengadapuram Extension is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased by 64%, from Rs 670 per sq.ft to the current Rs 1,100 per sq.ft in 2024.

What is the registration office for Thiruvengadapuram Extension?

The registration office for Thiruvengadapuram Extension is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty at 7% would amount to Rs 77,000.

Are there other streets in Vengambakkam with different guideline values?

Yes, there are other streets in Vengambakkam with varying guideline values. For instance, Thiruvengadapuram Extension II and Thiruvengadapuram Second Cross Street both have a guideline value of Rs 990 per sq.ft in 2024.