Guideline Value

Corporate

Guideline Value for Sardar Patel Road

₹15400/sq.ft.

The guideline value for Sardar Patel Road in Venkatapuram village (Adayar SRO, Chennai zone) is Rs 15400 per sq.ft, effective 1 July 2024. It was Rs 14000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Venkatapuram

Village

Adayar

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹15400 /sq.ft.
From 1-4-2023 ₹14000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹9380 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹14000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹11355 /sq.ft.
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)

51, Kamaraj Avenue,second Street, Adyar, Chennai-20
044-24415011
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Sardar Patel Road

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Sardar Patel Road guideline value

The current guideline value of Sardar Patel Road in Venkatapuram village is Rs 15,400 per sq.ft, effective from 1 July 2024. This street falls under the Adayar SRO and is classified as Commercial Class I Type - I.

How the guideline value of Sardar Patel Road has changed

The guideline value for Sardar Patel Road has undergone several revisions over the years. The earliest recorded figure is from 2007, when the value was Rs 11,355 per sq.ft. This increased to Rs 14,000 per sq.ft in 2012, but then decreased to Rs 9,380 per sq.ft in 2017. Following this, there was a significant rise to Rs 14,000 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 15,400 per sq.ft. The register has no figure for this street in 2002 and 2003.

Between the revisions, the changes are notable. From 2017 to 2023, the value increased by 49%, while from 2023 to 2024, there was a 10% increase. The value from 2012 to 2017 saw a decline of 33%, and from 2007 to 2012, there was a 23% increase. Overall, from 2007 to 2024, the guideline value has increased by 36%.

Guideline values in Venkatapuram

In Venkatapuram, there are 36 streets under the Adayar SRO with a guideline value for 2024 ranging from Rs 2,800 to Rs 15,400 per sq.ft. The median value for these streets is Rs 5,500 per sq.ft, placing Sardar Patel Road's 2024 figure above this median.

Stamp duty and registration fee for property in Sardar Patel Road

For a 1,000 sq.ft plot at the current guideline value of Rs 15,400 per sq.ft, the total guideline value amounts to Rs 1,54,00,000. The stamp duty at 7% would be Rs 10,78,000, and the registration fee at 2% would be Rs 3,08,000, bringing the total to Rs 13,86,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sardar Patel Road?

The Sardar Patel Road is covered by the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Venkatapuram. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value according to the local regulations.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. This ensures that both the buyer and seller are aware of the financial obligations involved in the process.

Frequently asked questions

What is the current guideline value of Sardar Patel Road?

The current guideline value of Sardar Patel Road is Rs 15,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase being from Rs 14,000 per sq.ft in 2023 to Rs 15,400 per sq.ft in 2024, a rise of 10%.

What is the land classification of Sardar Patel Road?

Sardar Patel Road is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

Where can I find the Adayar Sub Registrar Office?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the stamp duty calculated for properties on Sardar Patel Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 1,54,00,000 would incur stamp duty at 7% and a registration fee at 2%.