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Guideline Value

Corporate

Guideline Value for VENKATESWARA NAGAR 3RD MAIN ROAD

₹2750/sq.ft.

The guideline value for Venkateswara Nagar 3rd Main Road 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 ₹346 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹280 /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 3rd Main Road

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Venkateswara Nagar 3rd Main Road guideline value

The current guideline value of Venkateswara Nagar 3rd Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Ramapuram village, under the Chennai South Joint II SRO, and is classified as Residential Class II Type - II.

How the guideline value of Venkateswara Nagar 3rd Main Road has changed

Over the years, the guideline value of Venkateswara Nagar 3rd Main Road has seen several revisions. The earliest recorded figure is from 2002, where the value was Rs 280 per sq.ft. This figure increased to Rs 346 per sq.ft in 2003, marking a 24% rise. The value then saw significant growth, reaching Rs 1,100 per sq.ft in 2007, which is an increase of 218%. In 2012, the guideline value was Rs 2,500 per sq.ft, reflecting a 127% increase from the previous revision. However, this figure dropped to Rs 1,675 per sq.ft in 2017, showing a decrease of 33%.

From 2017 to 2023, the guideline value rose sharply to Rs 2,500 per sq.ft, a 49% increase. The most recent revision in 2024 set the guideline value at Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year. There are no figures available for the revisions of years not listed in the register 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. The median value for these streets is Rs 3,100 per sq.ft, placing the 2024 guideline value of Venkateswara Nagar 3rd Main Road below this median.

Stamp duty and registration fee for property in Venkateswara Nagar 3rd Main Road

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, charged at 7%, would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. Together, these fees would total Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venkateswara Nagar 3rd Main Road?

The Venkateswara Nagar 3rd Main Road falls under the jurisdiction of 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 details.

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

When buying or selling property in Ramapuram, the guideline value is a crucial factor in determining the registration fees and stamp duty. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the correct amount is paid during the registration process.

The guideline value serves as a benchmark for property transactions in the area. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations and to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Venkateswara Nagar 3rd Main Road?

The current guideline value of Venkateswara Nagar 3rd Main Road 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 significantly from Rs 280 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 882% over this period.

What is the stamp duty rate for properties in Venkateswara Nagar 3rd Main Road?

The stamp duty rate for properties in Venkateswara Nagar 3rd Main Road is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Venkateswara Nagar 3rd Main Road?

The Sub Registrar Office for Venkateswara Nagar 3rd Main Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the land classification of Venkateswara Nagar 3rd Main Road?

Venkateswara Nagar 3rd Main Road is classified as Residential Class II Type - II.