Guideline Value for Vengu Street

Vengu Street guideline value

The current guideline value of Vengu Street, located in Thiruvallur village under the Tiruvallur Joint 1 SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class I Type - I land classification.

How the guideline value of Vengu Street has changed

The guideline value of Vengu Street has seen significant changes over the years. In the 2003 revision, the value was Rs 205 per sq.ft, which increased to Rs 320 per sq.ft in 2007, marking a 56% rise. The value then surged to Rs 1,500 per sq.ft in 2012, a substantial increase of 369%. However, it dropped to Rs 1,005 per sq.ft in the 2017 revision, reflecting a decrease of 33%. Following this, the value rose to Rs 1,500 per sq.ft in 2023, and finally, it reached Rs 1,650 per sq.ft in the 2024 revision, representing a 10% increase from the previous year.

It is important to note that there is no figure available for Vengu Street in the 2002 revision. Overall, from 2003 to 2024, the guideline value has increased by 705%.

Guideline values in Thiruvallur

In Thiruvallur village, there are 172 streets under the Tiruvallur Joint 1 SRO with a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Vengu Street above this median.

• Vengatachalapathy Street indira nagar: Rs 1,100 per sq.ft (2024)
• Vembuliamman Koil Street: Rs 1,650 per sq.ft (2024)
• Veeraragavan Street: Rs 1,100 per sq.ft (2024)
• Veerapandiyakottabomman Street: Rs 1,100 per sq.ft (2024)
• Veerannan Street: Rs 2,200 per sq.ft (2024)
• Vb Akshaya Nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Vengu Street

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. Please 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 Vengu Street?

The Sub Registrar Office that covers Vengu Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the property registration process in Thiruvallur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in establishing a fair transaction price. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vengu Street?

The current guideline value of Vengu Street is Rs 1,650 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 205 per sq.ft in 2003 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 705% over the years.

What is the land classification for Vengu Street?

Vengu Street falls under the Residential Class I Type - I land classification.

What are the stamp duty and registration fees for property in Vengu Street?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles registrations for Vengu Street?

The Tiruvallur Joint 1 Sub Registrar Office handles registrations for Vengu Street, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.