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Guideline Value

Corporate

Guideline Value for Road Street (Venkatapuram Main Road)

₹1200/sq.ft.

The guideline value for Road Street (venkatapuram Main Road) in Venkatapuram village (Kunrathur SRO, Chennai zone) is Rs 1200 per sq.ft, effective 1 July 2024. It was Rs 1100 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Venkatapuram

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1200 /sq.ft.
From 1-4-2023 ₹1100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹737 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1100 /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 Road Street (venkatapuram Main Road)

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Road Street (Venkatapuram Main Road) guideline value

The current guideline value of Road Street (Venkatapuram Main Road) is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Venkatapuram village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Road Street (Venkatapuram Main Road) has changed

The guideline value for Road Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,100 per sq.ft. This figure was reduced to Rs 737 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back up to Rs 1,100 per sq.ft. The latest revision in 2024 has raised the guideline value to Rs 1,200 per sq.ft, reflecting a 9% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Venkatapuram

In Venkatapuram, there are 68 streets under the Kunrathur SRO that carry 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. The guideline value of Road Street aligns with this median.

Stamp duty and registration fee for property in Road Street (Venkatapuram Main Road)

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, while the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. 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 Road Street (Venkatapuram Main Road)?

The Sub Registrar Office that covers Road 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 plays a crucial role during the registration process of property transactions in Venkatapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the correct revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Road Street (Venkatapuram Main Road)?

The current guideline value of Road Street (Venkatapuram Main Road) is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then back to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,200 per sq.ft in 2024.

What is the land classification for Road Street?

Road Street is classified as Residential Special Type - I under the Kunrathur SRO.

What are the other streets in Venkatapuram with the same guideline value?

Other streets in Venkatapuram that share the same guideline value of Rs 1,200 per sq.ft include Road Street (Sri Lakshmi Nagar), Sathyamoorthi Nagar 1st Cross Street, Sathyamoorthi Nagar 1st Street, Sathyamoorthi Nagar 2nd Cross Street, Sathyamoorthi Nagar 2nd Street, and Sathyamoorthi Nagar 3rd Cross Street.

Where can I find the Sub Registrar Office for Road Street?

The Sub Registrar Office for Road Street is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles all registrations for properties in the area.