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Guideline Value

Corporate

Guideline Value for Nalleeswarar Nagar 3rd Cross Street

₹1100/sq.ft.

The guideline value for Nalleeswarar Nagar 3rd 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 3rd Cross Street

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Nalleeswarar Nagar 3rd Cross Street guideline value

The current guideline value of Nalleeswarar Nagar 3rd 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, and the land classification is Residential Special Type - II.

How the guideline value of Nalleeswarar Nagar 3rd Cross Street has changed

Looking at the revisions, the guideline value for Nalleeswarar Nagar 3rd Cross Street has seen several changes 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 that, the value rose to Rs 1,000 per sq.ft in the 2023 revision, and finally, it has increased to Rs 1,100 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023, and then by 10% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 3rd Cross Street's 2024 figure is below this median.

Stamp duty and registration fee for property in Nalleeswarar Nagar 3rd Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be 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 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 details.

Which Sub Registrar Office covers Nalleeswarar Nagar 3rd Cross Street?

The Sub Registrar Office that covers Nalleeswarar Nagar 3rd Cross Street is 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

The guideline value is a crucial factor in the registration process when buying or selling property in Venkatapuram. It serves as a benchmark for determining the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Nalleeswarar Nagar 3rd Cross Street?

The current guideline value of Nalleeswarar Nagar 3rd 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 to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

What is the land classification for Nalleeswarar Nagar 3rd Cross Street?

The land classification for Nalleeswarar Nagar 3rd Cross Street is Residential Special Type - II.

What are the stamp duty and registration fees based on the guideline value?

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. This is calculated based on the guideline value of Rs 1,100 per sq.ft.

Which office handles property registrations for Nalleeswarar Nagar 3rd Cross Street?

The Kunrathur Sub Registrar Office handles property registrations for Nalleeswarar Nagar 3rd Cross Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.