Guideline Value

Corporate

Guideline Value for SRI VENKATESWARA NAGAR

₹200/sq.ft.

The guideline value for Sri Venkateswara 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 Sri Venkateswara Nagar

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Sri Venkateswara Nagar guideline value

The current guideline value of Sri Venkateswara Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Venmanamputhur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this street is Residential Class II Type - II.

How the guideline value of Sri Venkateswara Nagar has changed

In the 2012 revision, the guideline value was set at Rs 200 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 134 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 200 per sq.ft in the 2023 revision, reflecting a 49% increase from the previous revision. The current 2024 revision maintains this value at Rs 200 per sq.ft, showing no change from the previous year.

It is important to note that the register does not contain figures for the years 2002, 2003, and 2007 for this street.

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. The median value is Rs 200 per sq.ft, making Sri Venkateswara Nagar's current figure equal to this median.

Stamp duty and registration fee for property in Sri Venkateswara Nagar

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the 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, totaling Rs 18,000. 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 Venkateswara Nagar?

Sri Venkateswara Nagar is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Venmanamputhur. It is the benchmark used to calculate the stamp duty and registration fees that buyers must pay when completing a property transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for both the buyer and seller. This value is also used by the government to assess property taxes and other legal obligations associated with property ownership.

Frequently asked questions

What is the current guideline value of Sri Venkateswara Nagar?

The current guideline value of Sri Venkateswara Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent revision in 2024 maintaining the value at Rs 200 per sq.ft. Notably, it increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What are the other streets in Venmanamputhur and their guideline values?

Other streets in Venmanamputhur include St.Marys Nagar, Sri Sai Sakthi Nagar, Subbaraya Nagar, Subbaraya Nagar Annex, Sri Ranga Natha Nagar, and Suriya Nagar, with values ranging from Rs 200 to Rs 250 per sq.ft in 2024.

What is the registration fee for property in Sri Venkateswara Nagar?

The registration fee for property in Sri Venkateswara Nagar is calculated based on the guideline value. For example, for a plot valued at Rs 2,00,000, the registration fee would be Rs 4,000 at 2%.

Which office handles registrations for Sri Venkateswara Nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles registrations for Sri Venkateswara Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.