Guideline Value for Thiruvennaikkaran Street

Thiruvennaikkaran Street guideline value

The current guideline value of Thiruvennaikkaran Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village, under the Alandur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Thiruvennaikkaran Street has changed

The guideline value for Thiruvennaikkaran Street has experienced several revisions over the years. In 2002, the value was Rs 224 per sq.ft, which increased to Rs 256 per sq.ft in 2003, marking a 14% rise. The value then saw a significant increase to Rs 650 per sq.ft in 2007, which was a 154% change. Following this, the value jumped to Rs 2,500 per sq.ft in 2012, reflecting a 285% increase. However, from 2012 to 2017, the value decreased to Rs 1,675 per sq.ft, a decline of 33%. The value rose again to Rs 2,500 per sq.ft in 2023, and most recently, it has increased to Rs 2,800 per sq.ft in 2024, which is a 12% rise.

Overall, from 2002 to 2024, the guideline value has increased by 1150%. There are no figures available for the revisions in the years not listed in the register.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,900 per sq.ft, placing Thiruvennaikkaran Street's 2024 figure below the median.

• Thiruvalluvar Street (Nilamangai Nagar): Rs 3,900 per sq.ft (2024)
• Thiruvalluvar Street 4th Lane: Rs 3,900 per sq.ft (2024)
• Thiruvalluvar Street 3rd Lane: Rs 3,900 per sq.ft (2024)
• Thiruvalluvar Street 2nd Lane: Rs 3,900 per sq.ft (2024)
• Thiruvalluvar Street 1st lane: Rs 3,900 per sq.ft (2024)
• Thiruvalluvar Nagar(near M.K.N ROAD): Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvennaikkaran Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total to Rs 2,52,000. 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 Thiruvennaikkaran Street?

The Sub Registrar Office that covers Thiruvennaikkaran Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Adambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value is used to calculate the applicable stamp duty, which is charged at a percentage of the higher value between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thiruvennaikkaran Street?

The current guideline value of Thiruvennaikkaran Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 224 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 1150% over the years.

What is the classification of Thiruvennaikkaran Street?

Thiruvennaikkaran Street is classified as Residential Class II Type - II.

What are the other streets in Adambakkam with guideline values?

Other streets in Adambakkam include Thiruvalluvar Street, Thiruvalluvar Street 4th Lane, Thiruvalluvar Street 3rd Lane, Thiruvalluvar Street 2nd Lane, Thiruvalluvar Street 1st lane, and Thiruvalluvar Nagar (near M.K.N ROAD), all with a 2024 rate of Rs 3,900 per sq.ft.

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

The Sub Registrar Office for Thiruvennaikkaran Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.