Guideline Value

Corporate

Guideline Value for SRI VENKATAPURAM

₹330/sq.ft.

The guideline value for Sri Venkatapuram in Nanthiambakkam village (Thiruvottiyur SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nanthiambakkam

Village

Thiruvottiyur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹50 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹27 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Sri Venkatapuram

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Sri Venkatapuram guideline value

The current guideline value of Sri Venkatapuram, located in Nanthiambakkam village under the Thiruvottiyur SRO, is Rs 330 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Sri Venkatapuram has changed

The guideline value for Sri Venkatapuram has experienced several revisions over the years. The earliest recorded figure is from 2003, which was Rs 27 per sq.ft. This figure increased to Rs 50 per sq.ft in 2007, marking a significant rise of 85%. Following this, the value surged to Rs 300 per sq.ft in 2012, an increase of 500%. However, a decrease of 33% occurred by 2017, bringing the value down to Rs 201 per sq.ft. The value then saw a substantial increase of 49% to reach Rs 300 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 330 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figure for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 1122%.

Guideline values in Nanthiambakkam

In Nanthiambakkam, there are 85 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 770 per sq.ft. The median value for these streets is Rs 330 per sq.ft, placing Sri Venkatapuram's 2024 guideline value at the median.

Stamp duty and registration fee for property in Sri Venkatapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total fees together to Rs 29,700. It is important to 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 information.

Which Sub Registrar Office covers Sri Venkatapuram?

The Sub Registrar Office that covers Sri Venkatapuram is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Nanthiambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. This value is used to calculate the associated fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Sri Venkatapuram?

The current guideline value of Sri Venkatapuram is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 27 per sq.ft in 2003 to Rs 330 per sq.ft in 2024, with various increases and one decrease over the years.

What is the land classification for Sri Venkatapuram?

The land classification for Sri Venkatapuram is Residential Special Type - II.

What are the stamp duty and registration fees for property in Sri Venkatapuram?

For a property valued at Rs 3,30,000, the stamp duty would be Rs 23,100 and the registration fee would be Rs 6,600, totaling Rs 29,700.

Which office handles registrations for Sri Venkatapuram?

The Thiruvottiyur Sub Registrar Office handles registrations for Sri Venkatapuram, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.