Guideline Value

Corporate

Guideline Value for Sri Nagar Colony Cross Road

₹8300/sq.ft.

The guideline value for Sri Nagar Colony Cross Road in Venkatapuram village (Adayar SRO, Chennai zone) is Rs 8300 per sq.ft, effective 1 July 2024. It was Rs 7500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Venkatapuram

Village

Adayar

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹8300 /sq.ft.
From 1-4-2023 ₹7500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5025 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹7500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹4000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1200 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.161(71/6), L.b Road (dr.muthulakshmi Salai) Tnhb Building,third Floor,thiruvanmiyur,chennai-600041
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 Sri Nagar Colony Cross Road

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Sri Nagar Colony Cross Road guideline value

The current guideline value of Sri Nagar Colony Cross Road is Rs 8,300 per sq.ft, effective from 1 July 2024. This street is located in Venkatapuram village, under the Adayar SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sri Nagar Colony Cross Road has changed

The guideline value for Sri Nagar Colony Cross Road has undergone several revisions over the years. In 2003, the guideline value was Rs 1,200 per sq.ft. It increased significantly to Rs 4,000 per sq.ft in 2007, marking a rise of 233%. The value then saw a substantial increase to Rs 7,500 per sq.ft in 2012, reflecting an 88% growth. However, it decreased to Rs 5,025 per sq.ft in 2017, a drop of 33%. The value continued to rise, reaching Rs 7,500 per sq.ft in 2023, and then increased to Rs 8,300 per sq.ft in 2024, an 11% increase.

There is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 592%.

Guideline values in Venkatapuram

In Venkatapuram, there are 36 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 15,400 per sq.ft, with a median value of Rs 5,500 per sq.ft. The guideline value for Sri Nagar Colony Cross Road is above this median.

Stamp duty and registration fee for property in Sri Nagar Colony Cross Road

For a 1,000 sq.ft plot at the current guideline value of Rs 8,300 per sq.ft, the total guideline value would be Rs 83,00,000. The stamp duty at 7% would be Rs 5,81,000, and the registration fee at 2% would be Rs 1,66,000, bringing the total fees to Rs 7,47,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Nagar Colony Cross Road?

The Sri Nagar Colony Cross 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 an important factor in the registration process of properties in Venkatapuram. It serves as the minimum value for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps establish a baseline for the sale price. Buyers and sellers should be aware that the duty is charged on the higher of the guideline value or the sale price, which can impact the overall costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Sri Nagar Colony Cross Road?

The current guideline value of Sri Nagar Colony Cross Road is Rs 8,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 1,200 per sq.ft in 2003 to Rs 8,300 per sq.ft in 2024, reflecting an overall increase of 592%.

What is the stamp duty rate for properties in Sri Nagar Colony Cross Road?

The stamp duty rate for properties in Sri Nagar Colony Cross Road is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sri Nagar Colony Cross Road?

The Adayar Sub Registrar Office covers Sri Nagar Colony Cross Road and is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What are the other streets in Venkatapuram with the same guideline value?

Other streets in Venkatapuram, such as Sri Nagar Colony East Mada Veedhi and Sri Nagar Colony North Avenue, also have a guideline value of Rs 8,300 per sq.ft in 2024.