Guideline Value for Thiruvenkadam Street (Vetri Nagar)

Thiruvenkadam Street (Vetri Nagar) guideline value

The current guideline value of Thiruvenkadam Street (Vetri Nagar) is Rs 3,301 per sq.ft. It is located in Peravallur village under the Sembiam SRO, classified as Residential Special Type - II.

How the guideline value of Thiruvenkadam Street (Vetri Nagar) has changed

The guideline value for Thiruvenkadam Street (Vetri Nagar) has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 325 per sq.ft. This increased to Rs 447 per sq.ft in 2003, marking a change of +38%. The value continued to rise significantly, reaching Rs 800 per sq.ft in 2007, which was an increase of +79%. However, the value saw a substantial jump to Rs 3,000 per sq.ft in 2012, reflecting a remarkable increase of +275%. The value then decreased to Rs 2,010 per sq.ft in 2017, a drop of -33% from the previous revision. The guideline value rose again to Rs 3,000 per sq.ft in 2023, before reaching the current value of Rs 3,301 per sq.ft in the 2024 revision, which is an increase of +10%.

There are no figures available for revisions in years not specified in the register. Overall, from 2002 to 2024, the guideline value has increased by +916%.

Guideline values in Peravallur

In Peravallur village, there are 423 streets under the Sembiam SRO, with guideline values for 2024 ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median value is Rs 3,301 per sq.ft, which is equal to the guideline value of Thiruvenkadam Street (Vetri Nagar).

• Thiru.Vi.Ka.Nagar: Rs 4,200 per sq.ft (2024)
• Thitty Thottam 1st Street: Rs 2,700 per sq.ft (2024)
• Thitty Thottam 2nd Street: Rs 2,700 per sq.ft (2024)
• Thitty Thottam 3rd Street: Rs 2,700 per sq.ft (2024)
• Thitty Thottam 4th Street: Rs 2,700 per sq.ft (2024)
• Thitty Thottam Lakshmi Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvenkadam Street (Vetri Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,301 per sq.ft, the total guideline value would be Rs 33,01,000. The stamp duty at 7% would be Rs 2,31,070, while the registration fee at 2% would amount to Rs 66,020. Together, the total cost for stamp duty and registration would be Rs 2,97,090. It is important to note that 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 more details.

Which Sub Registrar Office covers Thiruvenkadam Street (Vetri Nagar)?

The Sub Registrar Office that covers Thiruvenkadam Street (Vetri Nagar) is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Peravallur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the government receives the correct revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall cost of the transaction. Accurate knowledge of the guideline value helps in making informed decisions during the property registration process.

Frequently asked questions

What is the current guideline value of Thiruvenkadam Street (Vetri Nagar)?

The current guideline value of Thiruvenkadam Street (Vetri Nagar) is Rs 3,301 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 325 per sq.ft in 2002 to Rs 3,301 per sq.ft in 2024, showing an overall increase of +916%.

What is the median guideline value in Peravallur?

The median guideline value in Peravallur is Rs 3,301 per sq.ft, which is the same as the current value for Thiruvenkadam Street (Vetri Nagar).

What are the stamp duty and registration fees for properties in Thiruvenkadam Street (Vetri Nagar)?

For a 1,000 sq.ft property, the total guideline value would be Rs 33,01,000, with stamp duty at 7% amounting to Rs 2,31,070 and registration fees at 2% totaling Rs 66,020.

Which Sub Registrar Office covers Thiruvenkadam Street (Vetri Nagar)?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, covers Thiruvenkadam Street (Vetri Nagar).