Guideline Value

Corporate

Guideline Value for Pandara Street

₹1100/sq.ft.

The guideline value for Pandara 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 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹92 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹84 /sq.ft.
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 Pandara Street

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Pandara Street guideline value

The current guideline value of Pandara Street in Venkatapuram village, under the Kunrathur SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. The land classification for this street is Residential Special Type - II.

How the guideline value of Pandara Street has changed

The guideline value for Pandara Street has undergone several revisions over the years. In 2002, the value was Rs 84 per sq.ft, which increased to Rs 92 per sq.ft in 2003. Following this, the value saw a significant rise to Rs 300 per sq.ft in 2007, and then it further increased to Rs 1,000 per sq.ft in 2012. However, between 2012 and 2017, the value decreased to Rs 670 per sq.ft. The most recent revisions show an increase to Rs 1,000 per sq.ft in 2023, and finally, to Rs 1,100 per sq.ft in 2024.

From 2017 to 2023, the value increased by 49%. The jump from 2007 to 2012 was a remarkable 233%, while the increase from 2002 to 2003 was 10%. Overall, from 2002 to 2024, the guideline value has risen by 1210%. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Venkatapuram

In Venkatapuram, there are 68 streets under the Kunrathur SRO carrying a 2024 guideline value ranging from Rs 1,100 to Rs 1,200 per sq.ft. The median value for these streets is Rs 1,200 per sq.ft, making Pandara Street's 2024 figure below that median.

Stamp duty and registration fee for property in Pandara Street

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

Which Sub Registrar Office covers Pandara Street?

The Sub Registrar Office that covers Pandara 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 during the registration of property transactions in Venkatapuram. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value as it affects the financial aspects of the transaction. Buyers should ensure that the sale price is not below the guideline value to avoid complications during registration.

Frequently asked questions

What is the current guideline value of Pandara Street?

The current guideline value of Pandara 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 84 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 1210% over the years.

What is the land classification for Pandara Street?

The land classification for Pandara Street is Residential Special Type - II.

Where can I find the registration office for Pandara Street?

The registration office covering Pandara Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 11,00,000 would incur a stamp duty of Rs 77,000 at 7%.