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Guideline Value

Corporate

Guideline Value for Nalleeswarar Nagar 1st Cross Street

₹1100/sq.ft.

The guideline value for Nalleeswarar Nagar 1st Cross Street in Venkatapuram village (Kunrathur SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Venkatapuram

Village

Kunrathur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Nalleeswarar Nagar 1st Cross Street

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Nalleeswarar Nagar 1st Cross Street guideline value

The current guideline value of Nalleeswarar Nagar 1st Cross Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Venkatapuram village under the Kunrathur SRO, classified as Residential Special Type - II.

How the guideline value of Nalleeswarar Nagar 1st Cross Street has changed

The guideline value for Nalleeswarar Nagar 1st Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,000 per sq.ft, and the latest revision in 2024 raised it further to Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

In summary, from 2012 to 2024, the overall change in the guideline value is +10%. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Venkatapuram

In Venkatapuram, there are 68 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 1,200 per sq.ft, with a median value of Rs 1,200 per sq.ft. Nalleeswarar Nagar 1st Cross Street's current guideline value is below this median.

Stamp duty and registration fee for property in Nalleeswarar Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nalleeswarar Nagar 1st Cross Street?

The Nalleeswarar Nagar 1st Cross Street falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

When buying or selling property in Venkatapuram, the guideline value is used as a reference for determining the stamp duty and registration fees. This value is crucial during the registration process, ensuring that the correct fees are calculated based on the property's assessed worth.

The guideline value also serves as a benchmark for property transactions, helping buyers and sellers understand the expected value of properties in the area. It is essential to consult the latest guideline values to ensure compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Nalleeswarar Nagar 1st Cross Street?

The current guideline value of Nalleeswarar Nagar 1st Cross Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024. Overall, from 2012 to 2024, there is a +10% change.

Which office handles registrations for Nalleeswarar Nagar 1st Cross Street?

The Kunrathur Sub Registrar Office handles registrations for Nalleeswarar Nagar 1st Cross Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000. Duty is charged on the higher of the guideline value or the sale price.

Are there other streets with similar guideline values in Venkatapuram?

Yes, there are several other streets in Venkatapuram with similar guideline values, such as Nalleeswarar Nagar 2nd Cross Street, Nalleeswarar Nagar, Nalleeswarar Nagar 3rd Cross Street, and Nalleeswarar Nagar Main Road, all valued at Rs 1,100 per sq.ft in 2024.