Guideline Value

Corporate

Guideline Value for SRI VEDHAPUREESVARAR NAGAR PHASE 1

₹660/sq.ft.

The guideline value for Sri Vedhapureesvarar Nagar Phase 1 in Venpakkam village (Chengleput Joint I SRO, Chengalpattu zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Venpakkam

Village

Chengleput Joint I

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /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)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27423054
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Vedhapureesvarar Nagar Phase 1

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Sri Vedhapureesvarar Nagar Phase 1 guideline value

The current guideline value of Sri Vedhapureesvarar Nagar Phase 1 is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Venpakkam village and falls under the Chengleput Joint I SRO. The land classification for this property is Residential Special Type - I.

How the guideline value of Sri Vedhapureesvarar Nagar Phase 1 has changed

The guideline value for Sri Vedhapureesvarar Nagar Phase 1 has undergone several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 600 per sq.ft. This figure remained unchanged until 2017, when it decreased to Rs 402 per sq.ft. Following this, the value increased significantly to Rs 600 per sq.ft in 2023, and then to Rs 660 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In summary, the guideline value has changed as follows: from 2012 to 2017, it decreased by 33%; from 2017 to 2023, it increased by 49%; and from 2023 to 2024, it increased by 10%. The overall change from 2012 to 2024 is an increase of 10%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Venpakkam

In Venpakkam, there are eight streets under the Chengleput Joint I SRO that carry a 2024 guideline value of Rs 660 per sq.ft. The guideline value for Sri Vedhapureesvarar Nagar Phase 1 is equal to the median value for these streets.

Stamp duty and registration fee for property in Sri Vedhapureesvarar Nagar Phase 1

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total cost for these fees to Rs 59,400. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Vedhapureesvarar Nagar Phase 1?

The Sub Registrar Office that covers Sri Vedhapureesvarar Nagar Phase 1 is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

When buying or selling property in Venpakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is documented accurately.

It is essential for buyers and sellers to be aware of the current guideline value, as it influences the overall cost of property transactions. Understanding these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Sri Vedhapureesvarar Nagar Phase 1?

The current guideline value of Sri Vedhapureesvarar Nagar Phase 1 is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Sri Vedhapureesvarar Nagar Phase 1?

The land classification for Sri Vedhapureesvarar Nagar Phase 1 is Residential Special Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Sri Vedhapureesvarar Nagar Phase 1 is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 6,60,000, with applicable fees calculated accordingly.