Guideline Value for Thiruvenkadamudaiyan Street

Thiruvenkadamudaiyan Street guideline value

The current guideline value of Thiruvenkadamudaiyan Street is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Kilkattalai village, under the Pallavaram SRO, and is classified as Residential Class I Type - II.

How the guideline value of Thiruvenkadamudaiyan Street has changed

The guideline value for Thiruvenkadamudaiyan Street has undergone several revisions over the years. The oldest registered figure is from 2003, where the value was Rs 156 per sq.ft. This value increased to Rs 300 per sq.ft in 2007, marking a significant rise of 92%. In 2012, the value saw another increase, reaching Rs 2,300 per sq.ft, which represented a remarkable growth of 667%. However, from 2012 to 2017, the value decreased to Rs 1,541 per sq.ft, a decline of 33%. The value then increased to Rs 2,300 per sq.ft in 2023, followed by a further rise to the current value of Rs 2,530 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased significantly by 1522%. It is important to note that the register has no figure for Thiruvenkadamudaiyan Street for the year 2002.

Guideline values in Kilkattalai

In Kilkattalai village, there are 194 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,530 per sq.ft, which matches the guideline value of Thiruvenkadamudaiyan Street.

• Thiruveethiyamman Koil Street: Rs 2,530 per sq.ft (2024)
• Thirvalluvar Nagar Main Road: Rs 3,080 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,980 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 3,080 per sq.ft (2024)
• Tiruvalluvar Nagar 5th Street: Rs 3,080 per sq.ft (2024)
• Tiruvalluvar Nagar Main Road: Rs 3,080 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvenkadamudaiyan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value amounts to Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total to Rs 2,27,700. 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 more detailed calculations.

Which Sub Registrar Office covers Thiruvenkadamudaiyan Street?

The Thiruvenkadamudaiyan Street falls under the jurisdiction of the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor in the registration process when buying or selling property in Kilkattalai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

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

Frequently asked questions

What is the current guideline value of Thiruvenkadamudaiyan Street?

The current guideline value of Thiruvenkadamudaiyan Street is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 156 per sq.ft in 2003 to Rs 2,530 per sq.ft in 2024, representing an overall increase of 1522% over the years.

What is the land classification for Thiruvenkadamudaiyan Street?

Thiruvenkadamudaiyan Street is classified as Residential Class I Type - II, which is important for determining its guideline value.

Where can I find the registration office for Thiruvenkadamudaiyan Street?

The registration office for Thiruvenkadamudaiyan Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for property transactions?

The stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 1,77,100.