Guideline Value

Corporate

Guideline Value for VENKATESHWARA NAGAR

₹825/sq.ft.

The guideline value for Venkateshwara Nagar in Thiruninravur-a village (Avadi SRO, Chennai zone) is Rs 825 per sq.ft, effective 1 July 2024. It was Rs 751 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class V Type - V. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-a

Village

Avadi

SRO

Residential Class V Type - V
History
Period Guideline Value
From 1-7-2024 ₹825 /sq.ft.
From 1-4-2023 ₹751 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹750 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Venkateshwara Nagar

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Venkateshwara Nagar guideline value

The current guideline value of Venkateshwara Nagar is Rs 825 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village and falls under the Avadi SRO. The land classification for this street is Residential Class V Type - V.

How the guideline value of Venkateshwara Nagar has changed

The guideline value for Venkateshwara Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 750 per sq.ft, which remained unchanged until the 2023 revision, where it was updated to Rs 751 per sq.ft. The most recent revision in 2024 increased the guideline value to Rs 825 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO, with guideline values ranging from Rs 440 to Rs 2,750 per sq.ft. The median guideline value in this village is Rs 750 per sq.ft, and Venkateshwara Nagar's 2024 figure of Rs 825 per sq.ft is above this median.

Stamp duty and registration fee for property in Venkateshwara Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value would be Rs 8,25,000. The stamp duty at 7% would amount to Rs 57,750, and the registration fee at 2% would be Rs 16,500, making the total cost for these fees Rs 74,250. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venkateshwara Nagar?

The Sub Registrar Office that covers Venkateshwara Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a crucial factor when registering property transactions in Thiruninravur-A. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is bought or sold, the guideline value is used to assess the transaction value for tax purposes. This ensures that the fees are calculated based on the official value set by the registration department, which helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Venkateshwara Nagar?

The current guideline value of Venkateshwara Nagar is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2017 to Rs 751 per sq.ft in 2023, and then increased to Rs 825 per sq.ft in 2024. Overall, there has been a 10% increase from 2017 to 2024.

What is the land classification for Venkateshwara Nagar?

The land classification for Venkateshwara Nagar is Residential Class V Type - V, indicating its designation for residential use.

What are the stamp duty rates for property transactions in Venkateshwara Nagar?

The stamp duty rate for property transactions in Venkateshwara Nagar is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2% applicable.

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

The Sub Registrar Office for Venkateshwara Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.