Guideline Value

Corporate

Guideline Value for Raj Bhavan Road

₹15400/sq.ft.

The guideline value for Raj Bhavan Road in Venkatapuram village (Adayar SRO, Chennai zone) is Rs 15400 per sq.ft, effective 1 July 2024. It was Rs 14000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Venkatapuram

Village

Adayar

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹15400 /sq.ft.
From 1-4-2023 ₹14000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹9380 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹14000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹8850 /sq.ft.
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)

51, Kamaraj Avenue,second Street, Adyar, Chennai-20
044-24415011
[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 Raj Bhavan Road

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Raj Bhavan Road guideline value

The current guideline value of Raj Bhavan Road in Venkatapuram village, under the Adayar SRO, is Rs 15,400 per sq.ft, effective from 1 July 2024. This street is classified as Commercial Class I Type - I.

How the guideline value of Raj Bhavan Road has changed

The guideline value for Raj Bhavan Road has seen significant changes over the years. In the 2007 revision, the value was Rs 8,850 per sq.ft. This increased to Rs 14,000 per sq.ft in the 2012 revision, marking a rise of 58%. However, the value decreased to Rs 9,380 per sq.ft in the 2017 revision, a drop of 33%. The value then surged to Rs 14,000 per sq.ft in the 2023 revision, reflecting a 49% increase. The most recent revision in 2024 set the guideline value at Rs 15,400 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 for Raj Bhavan Road. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 74%.

Guideline values in Venkatapuram

In Venkatapuram, there are 36 streets under the Adayar SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 15,400 per sq.ft. The median guideline value in this area is Rs 5,500 per sq.ft, placing Raj Bhavan Road's current value above that median.

Stamp duty and registration fee for property in Raj Bhavan Road

For a 1,000 sq.ft plot at the current guideline value of Rs 15,400 per sq.ft, the total guideline value amounts to Rs 1,54,00,000. The stamp duty at 7% would be Rs 10,78,000, and the registration fee at 2% would be Rs 3,08,000, bringing the total charges to Rs 13,86,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Raj Bhavan Road?

The Adayar Sub Registrar Office covers Raj Bhavan Road, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Venkatapuram. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, which are mandatory charges during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value to understand the financial implications of their transactions. This value ensures that the government receives appropriate revenue from property sales, reflecting the market conditions of the area.

Frequently asked questions

What is the current guideline value of Raj Bhavan Road?

The current guideline value of Raj Bhavan Road is Rs 15,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 8,850 per sq.ft in 2007 to Rs 15,400 per sq.ft in 2024, which is a total increase of 74% over the years.

What is the registration office for Raj Bhavan Road?

The registration office for Raj Bhavan Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties in Raj Bhavan Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,54,00,000, the stamp duty at 7% would amount to Rs 10,78,000.

What are the guideline values for other streets in Venkatapuram?

Other streets in Venkatapuram have guideline values ranging from Rs 2,800 to Rs 15,400 per sq.ft. For instance, Rangarasapuram 1st Street has a guideline value of Rs 4,400 per sq.ft in 2024.