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Guideline Value

Corporate

Guideline Value for Sri Venkateshwara Avenue

₹4400/sq.ft.

The guideline value for Sri Venkateshwara Avenue in Thalakanancherry village (Alandur SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thalakanancherry

Village

Alandur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1700 /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)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[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 Venkateshwara Avenue

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Sri Venkateshwara Avenue guideline value

The current guideline value of Sri Venkateshwara Avenue is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Thalakanancherry village, under the Alandur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Sri Venkateshwara Avenue has changed

The guideline value for Sri Venkateshwara Avenue has undergone several revisions over the years. The 2007 revision set the value at Rs 1,700 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012, reflecting a significant rise of 135%. However, the value decreased to Rs 2,680 per sq.ft in 2017, marking a decline of 33%. Following this, the value saw a substantial increase to Rs 4,000 per sq.ft in 2023, which was a 49% rise. The latest revision in 2024 has set the guideline value at Rs 4,400 per sq.ft, a 10% increase from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 159%.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO, with the 2024 guideline values ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value is Rs 3,900 per sq.ft, and Sri Venkateshwara Avenue's 2024 figure is above this median.

Stamp duty and registration fee for property in Sri Venkateshwara Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sri Venkateshwara Avenue?

The Sub Registrar Office that covers Sri Venkateshwara Avenue is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Thalakanancherry. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling a property, the guideline value is used to calculate stamp duty and registration fees, which are essential costs in the registration process. Buyers should be aware of the guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Sri Venkateshwara Avenue?

The current guideline value of Sri Venkateshwara Avenue is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 159% over the years.

What is the land classification for Sri Venkateshwara Avenue?

Sri Venkateshwara Avenue is classified as Residential Class I Type - II, indicating its suitability for residential purposes.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Where is the Sub Registrar Office located for this area?

The Sub Registrar Office for Sri Venkateshwara Avenue is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.