Guideline Value

Corporate

Guideline Value for SRI VEDHAPUREESVARAR NAGAR PHASE 2

₹660/sq.ft.

The guideline value for Sri Vedhapureesvarar Nagar Phase 2 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 2

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Sri Vedhapureesvarar Nagar Phase 2 guideline value

The current guideline value of Sri Vedhapureesvarar Nagar Phase 2 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 area is Residential Special Type - I.

How the guideline value of Sri Vedhapureesvarar Nagar Phase 2 has changed

Over the years, the guideline value for Sri Vedhapureesvarar Nagar Phase 2 has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft. Following this, the value increased significantly to Rs 600 per sq.ft in 2023, and then rose again to Rs 660 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for this street in the years 2002, 2003, and 2007.

Guideline values in Venpakkam

In Venpakkam, there are 8 streets under the Chengleput Joint I SRO that carry a 2024 guideline value, with figures ranging from Rs 660 to Rs 660 per sq.ft. The median guideline value for these streets is also Rs 660 per sq.ft, placing Sri Vedhapureesvarar Nagar Phase 2 at this median value.

Stamp duty and registration fee for property in Sri Vedhapureesvarar Nagar Phase 2

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

You can use the stamp duty and registration fee calculator for more details on calculating fees.

Which Sub Registrar Office covers Sri Vedhapureesvarar Nagar Phase 2?

The Sub Registrar Office that covers Sri Vedhapureesvarar Nagar Phase 2 is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Venpakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties are aware of the financial implications of the transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it reflects the official valuation of the property and is used by the registration authorities during the transaction process. This helps in maintaining transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value for Sri Vedhapureesvarar Nagar Phase 2?

The current guideline value for Sri Vedhapureesvarar Nagar Phase 2 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 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 2?

The land classification for Sri Vedhapureesvarar Nagar Phase 2 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 2 is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 at 7%.