Guideline Value

Corporate

Guideline Value for SRI VEDHAPUREESVARAR NAGAR PHASE 3

₹660/sq.ft.

The guideline value for Sri Vedhapureesvarar Nagar Phase 3 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 3

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Sri Vedhapureesvarar Nagar Phase 3 guideline value

The current guideline value of Sri Vedhapureesvarar Nagar Phase 3 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, classified as Residential Special Type - I.

How the guideline value of Sri Vedhapureesvarar Nagar Phase 3 has changed

In the 2012 revision, the guideline value was set at Rs 600 per sq.ft. This figure remained unchanged in the following revision in 2017, which saw a decrease to Rs 402 per sq.ft. However, the value increased significantly to Rs 600 per sq.ft in 2023, marking a 49% rise from the 2017 figure. The most recent 2024 revision has further increased the guideline value to Rs 660 per sq.ft, reflecting a 10% growth from 2023.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Venpakkam

In Venpakkam, there are 8 streets under the Chengleput Joint I SRO that carry a 2024 guideline value, all of which are set at Rs 660 per sq.ft, with this street's value aligning with the median. Below are the guideline values for other streets in Venpakkam:

Stamp duty and registration fee for property in Sri Vedhapureesvarar Nagar Phase 3

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 charges to Rs 59,400. It is essential to note that 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 Sri Vedhapureesvarar Nagar Phase 3?

The Sub Registrar Office that covers Sri Vedhapureesvarar Nagar Phase 3 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 plays a crucial role during the registration of property transactions in Venpakkam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately and legally.

When buying or selling property, the guideline value serves as a benchmark for the minimum value at which the property can be registered. This value helps in maintaining transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sri Vedhapureesvarar Nagar Phase 3?

The current guideline value of Sri Vedhapureesvarar Nagar Phase 3 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 660 per sq.ft in 2024, reflecting an overall increase of 10% over this period.

What is the registration office for Sri Vedhapureesvarar Nagar Phase 3?

The registration office for Sri Vedhapureesvarar Nagar Phase 3 is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400.

Are there other streets with the same guideline value in Venpakkam?

Yes, there are several other streets in Venpakkam that also have a guideline value of Rs 660 per sq.ft as of 2024, including Sri Vedhapureesvarar Nagar Phase 1 and Phase 2, Sri Ranga Nagar, Saradhambal Nagar, GoodWill Avenue, and Padma Nagar.