Guideline Value for Thiruvengidachari Street

Thiruvengidachari Street guideline value

The current guideline value of Thiruvengidachari Street is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Thiruvengidachari Street has changed

In the 2012 revision, the guideline value for Thiruvengidachari Street was Rs 3,300 per sq.ft. This value decreased to Rs 2,211 per sq.ft in the 2017 revision, marking a decline of 33%. The guideline value then increased significantly to Rs 3,300 per sq.ft in the 2023 revision, followed by another increase to the current value of Rs 3,600 per sq.ft in the 2024 revision, which represents a 9% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

Ambattur village has a total of 448 streets under the Ambattur SRO, with guideline values ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value is Rs 3,600 per sq.ft, which is the same as the current value for Thiruvengidachari Street.

• Thiruvengada Nagar west End Road: Rs 5,100 per sq.ft (2024)
• Thiruvengada nagar South End Road: Rs 5,100 per sq.ft (2024)
• Thiruvengada Nagar Main Road: Rs 5,100 per sq.ft (2024)
• Thiruvengada Nagar Crasent Road: Rs 5,100 per sq.ft (2024)
• Thiruvengada Nagar 8th Street: Rs 5,100 per sq.ft (2024)
• Thiruvengada Nagar 7th Street: Rs 5,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvengidachari Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value would be Rs 36,00,000. The stamp duty at 7% would amount to Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, bringing the total to Rs 3,24,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Thiruvengidachari Street?

The Sub Registrar Office covering Thiruvengidachari Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ambattur. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Thiruvengidachari Street?

The current guideline value of Thiruvengidachari Street is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2023 to Rs 3,600 per sq.ft in 2024, a 9% increase. It was Rs 2,211 per sq.ft in 2017 and Rs 3,300 per sq.ft in 2012.

What is the land classification for Thiruvengidachari Street?

Thiruvengidachari Street is classified as Residential Class I Type - I, which indicates its suitability for residential purposes.

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

The Sub Registrar Office for Thiruvengidachari Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Thiruvengidachari Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 36,00,000, the stamp duty would be Rs 2,52,000 at 7%.