Guideline Value for Thiruvenkadamudaiyar Street

Thiruvenkadamudaiyar Street guideline value

The current guideline value of Thiruvenkadamudaiyar Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class I Type - II.

How the guideline value of Thiruvenkadamudaiyar Street has changed

The guideline value for Thiruvenkadamudaiyar Street has undergone several revisions over the years. In 2003, the value was Rs 136 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2007. This was a remarkable rise of 341%. The value then surged to Rs 3,000 per sq.ft in 2012, marking a 400% increase from the previous revision. However, it decreased to Rs 2,010 per sq.ft in 2017, reflecting a drop of 33%. Following this, the value rose to Rs 3,000 per sq.ft in 2023, an increase of 49%, and reached the current figure of Rs 3,300 per sq.ft in 2024, which is a 10% increase from the previous year.

It is important to note that there is no guideline value recorded for Thiruvenkadamudaiyar Street in the 2002 revision. Overall, from 2003 to 2024, the guideline value has increased by 2,326%.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft as of 2024. The median guideline value for these streets is Rs 3,300 per sq.ft, which matches the current value of Thiruvenkadamudaiyar Street.

• Thiruvengadamudiyan Street (Part Upto Public Well): Rs 3,300 per sq.ft (2024)
• Thiru.Vi.Ka. Street: Rs 3,300 per sq.ft (2024)
• Thiruveediamman Koil Street: Rs 3,300 per sq.ft (2024)
• Thulukananthamman Koil 1 To 5 Cross Streets: Rs 2,200 per sq.ft (2024)
• Thulukananthamman Koil Cross Street: Rs 2,200 per sq.ft (2024)
• Thulukanathamman Koil Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvenkadamudaiyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000. Together, the total cost for these fees would be Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thiruvenkadamudaiyar Street?

The Sub Registrar Office that covers Thiruvenkadamudaiyar Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware of the guideline value to ensure compliance with registration regulations.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. It is essential to understand that these fees are based on the higher of the guideline value or the negotiated sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thiruvenkadamudaiyar Street?

The current guideline value of Thiruvenkadamudaiyar Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 136 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 2,326% over the years.

What is the registration office for Thiruvenkadamudaiyar Street?

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

How is stamp duty calculated for properties in Thiruvenkadamudaiyar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at 7%.

What are the other streets with the same guideline value in Zaminpallavaram?

Other streets in Zaminpallavaram with the same guideline value of Rs 3,300 per sq.ft include Thiruvengadamudiyan Street (Part Upto Public Well), Thiru.Vi.Ka. Street, and Thiruveediamman Koil Street.