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Guideline Value

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Guideline Value for RAYALA NAGAR(S.NO.80/1A

₹250/sq.ft.

The guideline value for Rayala Nagar(s.no.80/1a in Venmanamputhur village (Tiruvallur Joint 1 SRO, Chennai zone) is Rs 250 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Venmanamputhur

Village

Tiruvallur Joint 1

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹250 /sq.ft.
From 1-4-2023 ₹250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹167 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹250 /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.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.
044-27666992
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Rayala Nagar(s.no.80/1a

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Rayala Nagar(S.No.80/1a guideline value

The current guideline value for Rayala Nagar (S.No.80/1a) is Rs 250 per sq.ft, effective from 1 July 2024. This property is located in Venmanamputhur village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Class II Type - I.

How the guideline value of Rayala Nagar(S.No.80/1a has changed

The guideline value for Rayala Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 250 per sq.ft. The 2017 revision recorded a lower value of Rs 167 per sq.ft. Between 2017 and 2023, there was a significant increase of 50%. However, the overall change from 2012 to 2024 shows no increase, maintaining the value at Rs 250 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. The current guideline value reflects the stability observed since the 2012 revision, despite fluctuations in earlier years.

Guideline values in Venmanamputhur

Venmanamputhur has a total of 54 streets under the Tiruvallur Joint 1 SRO, with 2024 guideline values ranging from Rs 200 to Rs 400 per sq.ft. The median value for these streets is Rs 200 per sq.ft, positioning Rayala Nagar's 2024 figure above this median.

Stamp duty and registration fee for property in Rayala Nagar(S.No.80/1a

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees together to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rayala Nagar(S.No.80/1a?

The Sub Registrar Office that covers Rayala Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. Buyers and sellers must be aware of this value when negotiating sale prices, as the registration process will use the higher of the guideline value or the actual sale price to calculate applicable duties and fees.

When registering property in Venmanamputhur, the guideline value helps ensure that all transactions are conducted fairly and transparently. It serves as a benchmark for assessing property values and is essential for calculating stamp duty and registration fees during the buying or selling process.

Frequently asked questions

What is the current guideline value for Rayala Nagar?

The current guideline value for Rayala Nagar (S.No.80/1a) is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then back to Rs 250 per sq.ft in both 2023 and 2024. Overall, there has been no change from 2012 to 2024.

What are the stamp duty and registration fees for a property in Rayala Nagar?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500 in fees.

Which office handles property registration for Rayala Nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles property registration for Rayala Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the minimum value for property registration and is used to calculate stamp duty and registration fees. It ensures transparency and fairness in property transactions.