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Guideline Value

Corporate

Guideline Value for Road Street, (Sri Lakshmi Nagar)

₹1200/sq.ft.

The guideline value for Road Street, (sri Lakshmi Nagar) 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, (sri Lakshmi Nagar)

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Road Street, (Sri Lakshmi Nagar) guideline value

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

How the guideline value of Road Street, (Sri Lakshmi Nagar) has changed

The guideline value for Road Street, (Sri Lakshmi Nagar) has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,200 per sq.ft, which marks an increase from Rs 1,100 per sq.ft in the 2023 revision. Prior to that, the value was Rs 737 per sq.ft in 2017 and Rs 1,100 per sq.ft in 2012. The register has no figure for this street in the years 2002, 2003, and 2007.

Analyzing the changes, the value increased by 9% from 2023 to 2024. From 2017 to 2023, there was a significant rise of 49%. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value 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. The median value for these streets is Rs 1,200 per sq.ft, which is the same as the current value for Road Street, (Sri Lakshmi Nagar).

Stamp duty and registration fee for property in Road Street, (Sri Lakshmi Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty is charged at 7%, resulting in Rs 84,000, while the registration fee at 2% amounts to Rs 24,000. Together, the total cost for stamp duty and registration fee is Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Road Street, (Sri Lakshmi Nagar)?

The Sub Registrar Office that covers Road Street, (Sri Lakshmi Nagar) is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Venkatapuram. It serves as a benchmark for calculating the stamp duty and registration fees that are required to be paid when a property is bought or sold.

When a buyer or seller engages in a property transaction, the guideline value is used to determine the official value of the property for registration purposes. This ensures that the transaction is documented accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Road Street, (Sri Lakshmi Nagar)?

The current guideline value of Road Street, (Sri Lakshmi Nagar) 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 2023 to Rs 1,200 per sq.ft in 2024. It was Rs 737 per sq.ft in 2017 and Rs 1,100 per sq.ft in 2012.

What is the land classification for Road Street, (Sri Lakshmi Nagar)?

Road Street, (Sri Lakshmi Nagar) is classified as Residential Special Type - I.

What is the address of the Sub Registrar Office for this street?

The Sub Registrar Office for Road Street, (Sri Lakshmi Nagar) is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in this area?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 at 7%.