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Guideline Value

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Guideline Value for Sri Venkateshwara Nagar Extn.

₹1200/sq.ft.

The guideline value for Sri Venkateshwara Nagar Extn. in Nandhivaram village (Gooduvancheri SRO, Chengalpattu zone) is Rs 1200 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Nandhivaram

Village

Gooduvancheri

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1200 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹328 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 ₹77 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Defence Colony Road,near Vetnary Hospital,nanthivaram,guduvanjery-603202
044-27462940
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Venkateshwara Nagar Extn.

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Sri Venkateshwara Nagar Extn. guideline value

The current guideline value for Sri Venkateshwara Nagar Extn. is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Nandhivaram village, under the Gooduvancheri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sri Venkateshwara Nagar Extn. has changed

Since the 2002 revision, the guideline value has seen significant changes. In 2002, the value was Rs 77 per sq.ft, which increased to Rs 328 per sq.ft in 2007, marking a substantial rise of 326%. The value then jumped to Rs 1,200 per sq.ft in 2012, reflecting a 266% increase. However, from 2012 to 2017, the value decreased to Rs 804 per sq.ft, a drop of 33%. The value rose again to Rs 1,200 per sq.ft in 2023, maintaining the same rate in 2024, resulting in no change between these two years. The register has no figure for the year 2003 for this street.

Overall, from 2002 to 2024, the guideline value has increased by 1458%. The most notable increase occurred between 2017 and 2023, where the value rose by 49% to reach the current rate.

Guideline values in Nandhivaram

Nandhivaram village has a total of 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft, with a median of Rs 1,500 per sq.ft. The guideline value for Sri Venkateshwara Nagar Extn. is below this median.

Stamp duty and registration fee for property in Sri Venkateshwara Nagar Extn.

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total charges to Rs 1,08,000. 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 detailed calculations.

Which Sub Registrar Office covers Sri Venkateshwara Nagar Extn.?

The Sri Venkateshwara Nagar Extn. falls under the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Nandhivaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the buyer is required to pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Venkateshwara Nagar Extn.?

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

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 77 per sq.ft in 2002 to Rs 1,200 per sq.ft in 2024, reflecting an overall increase of 1458% over this period.

What is the stamp duty for property in Sri Venkateshwara Nagar Extn.?

The stamp duty for property in Sri Venkateshwara Nagar Extn. is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sri Venkateshwara Nagar Extn.?

The Sub Registrar Office covering Sri Venkateshwara Nagar Extn. is located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.

What is the land classification for Sri Venkateshwara Nagar Extn.?

Sri Venkateshwara Nagar Extn. is classified as Residential Class I Type - I, indicating its suitability for residential development.