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Guideline Value

Corporate

Guideline Value for VENKATESWARA NAGAR 1ST TO 26TH CROS

₹2750/sq.ft.

The guideline value for Venkateswara Nagar 1st To 26th Cros in Ramapuram village (Chennai South Joint Ii SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ramapuram

Village

Chennai South Joint II

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹304 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹245 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[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 Venkateswara Nagar 1st To 26th Cros

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Venkateswara Nagar 1st To 26th Cros guideline value

The current guideline value for Venkateswara Nagar 1st To 26th Cros is Rs 2,750 per sq.ft. This area is located in Ramapuram village and falls under the Chennai South Joint II SRO. The land classification for this street is Residential Class II Type - II.

How the guideline value of Venkateswara Nagar 1st To 26th Cros has changed

The guideline value for Venkateswara Nagar 1st To 26th Cros has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 245 per sq.ft. It increased to Rs 304 per sq.ft in 2003, marking a 24% change. The value continued to rise significantly, reaching Rs 1,100 per sq.ft in 2007, which was a 262% increase from the previous year. In 2012, the value was Rs 2,500 per sq.ft, reflecting a 127% increase from 2007. However, there was a decrease of 33% to Rs 1,675 per sq.ft in 2017. The 2023 revision set the value at Rs 2,500 per sq.ft, followed by a 10% increase to the current value of Rs 2,750 per sq.ft effective from 1 July 2024.

Overall, from 2002 to 2024, the guideline value has increased by 1,022%. The register has no figure for the years not mentioned in the revisions for this street.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 1,950 to Rs 6,600 per sq.ft, with a median of Rs 3,100 per sq.ft. The guideline value for Venkateswara Nagar 1st To 26th Cros is below this median.

Stamp duty and registration fee for property in Venkateswara Nagar 1st To 26th Cros

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venkateswara Nagar 1st To 26th Cros?

The Venkateswara Nagar 1st To 26th Cros falls under the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property in Ramapuram. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value for Venkateswara Nagar 1st To 26th Cros?

The current guideline value for Venkateswara Nagar 1st To 26th Cros is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 245 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 1,022% over the years.

What is the land classification for Venkateswara Nagar 1st To 26th Cros?

The land classification for Venkateswara Nagar 1st To 26th Cros is Residential Class II Type - II.

Where can I find more information about the stamp duty and registration fees?

You can find more information about the stamp duty and registration fees using the stamp duty and registration fee calculator.

Which office handles the registration for Venkateswara Nagar 1st To 26th Cros?

The registration for Venkateswara Nagar 1st To 26th Cros is handled by the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.