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Guideline Value

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Guideline Value for VENKATARAMAN NAGAR "SOUTH RAILWAY STATION ROAD"

₹4400/sq.ft.

The guideline value for Venkataraman Nagar "south Railway Station Road" in Korattur village (Villivakkam 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 Mixed Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Korattur

Village

Villivakkam

SRO

Mixed 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 ₹600 /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)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561092
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Venkataraman Nagar "south Railway Station Road"

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Venkataraman Nagar "south Railway Station Road" guideline value

The current guideline value of Venkataraman Nagar "south Railway Station Road" is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Korattur village, under the Villivakkam SRO, and is classified as Mixed Type - II land.

How the guideline value of Venkataraman Nagar "south Railway Station Road" has changed

The guideline value for Venkataraman Nagar "south Railway Station Road" has experienced significant changes over the years. In the 2007 revision, the guideline value was Rs 600 per sq.ft, which increased dramatically to Rs 4,000 per sq.ft in 2012, marking a rise of 567%. However, it then decreased to Rs 2,680 per sq.ft in 2017, representing a decline of 33%. The value rebounded to Rs 4,000 per sq.ft in 2023, and further increased to Rs 4,400 per sq.ft in the 2024 revision, reflecting a 10% rise.

Overall, from 2007 to 2024, the guideline value has increased by 633%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,200 per sq.ft, with a median value of Rs 2,500 per sq.ft. The guideline value of Venkataraman Nagar "south Railway Station Road" is above this median.

Stamp duty and registration fee for property in Venkataraman Nagar "south Railway Station Road"

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 be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total cost for these fees Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Venkataraman Nagar "south Railway Station Road"?

The Sub Registrar Office that covers Venkataraman Nagar "south Railway Station Road" is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for further assistance.

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

The guideline value is an essential reference when registering property transactions in Korattur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for calculating the applicable taxes. Buyers should be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Venkataraman Nagar "south Railway Station Road"?

The current guideline value of Venkataraman Nagar "south Railway Station Road" 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 600 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 633% over this period.

What is the land classification for Venkataraman Nagar "south Railway Station Road"?

The land classification for Venkataraman Nagar "south Railway Station Road" is Mixed Type - II.

Where can I calculate my stamp duty and registration fees?

You can calculate your stamp duty and registration fees using the stamp duty and registration fee calculator available online.

Which office handles the registration for Venkataraman Nagar "south Railway Station Road"?

The Villivakkam Sub Registrar Office handles the registration for Venkataraman Nagar "south Railway Station Road", located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.