Guideline Value

Corporate

Guideline Value for SHANTHI NAGAR

₹200/sq.ft.

The guideline value for Shanthi Nagar in Venmanamputhur village (Tiruvallur Joint 1 SRO, Chennai zone) is Rs 200 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Venmanamputhur

Village

Tiruvallur Joint 1

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹200 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹200 /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 Shanthi Nagar

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Shanthi Nagar guideline value

The current guideline value for Shanthi Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Venmanamputhur village under the Tiruvallur Joint 1 SRO, classified as Residential Class II Type - II.

How the guideline value of Shanthi Nagar has changed

Over the years, the guideline value for Shanthi Nagar has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged in the 2017 revision, where it was reduced to Rs 134 per sq.ft. Following this, the 2023 revision brought it back to Rs 200 per sq.ft. The 2024 revision has maintained this value, showing a 0% change from the previous year.

Looking back further, the guideline value for Shanthi Nagar was not recorded in the register for the years 2002, 2003, and 2007. The significant change occurred between the 2017 and 2023 revisions, where there was a 49% increase from Rs 134 to Rs 200 per sq.ft. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 200 per sq.ft.

Guideline values in Venmanamputhur

In Venmanamputhur, there are 54 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 400 per sq.ft, with a median value of Rs 200 per sq.ft. Shanthi Nagar's current guideline value is equal to this median.

Stamp duty and registration fee for property in Shanthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total cost for these fees Rs 18,000. It is important to note that the 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 Shanthi Nagar?

The Sub Registrar Office that covers Shanthi Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. 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 the registration process when buying or selling property in Venmanamputhur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate fees are collected. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value for Shanthi Nagar?

The current guideline value for Shanthi Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has fluctuated, with a significant increase of 49% from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023. The value has remained at Rs 200 per sq.ft from 2012 to 2024.

What is the classification of land in Shanthi Nagar?

Shanthi Nagar is classified as Residential Class II Type - II under the guideline value register.

Where can I find the Sub Registrar Office for Shanthi Nagar?

The Tiruvallur Joint 1 Sub Registrar Office covers Shanthi Nagar, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

How is stamp duty calculated for properties in Shanthi Nagar?

Stamp duty for properties in Shanthi Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 200 per sq.ft, the total guideline value is Rs 2,00,000, resulting in a stamp duty of Rs 14,000.