Guideline Value

Corporate

Guideline Value for VENKATESWARA NAGAR

₹804/sq.ft.

The guideline value for Venkateswara Nagar in Mukthapudupattu village (Avadi SRO, Chennai zone) is Rs 804 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 34% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mukthapudupattu

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹804 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
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 Venkateswara Nagar

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Venkateswara Nagar guideline value

The current guideline value of Venkateswara Nagar is Rs 804 per sq.ft, effective from 1 July 2024. This area is located in Mukthapudupattu village and falls under the Avadi SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Venkateswara Nagar has changed

Over the years, the guideline value of Venkateswara Nagar has seen several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which changed to Rs 268 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 600 per sq.ft, and the most recent 2024 revision raised it to Rs 804 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 for this street.

In terms of percentage changes, the value increased by 34% from 2023 to 2024, while there was a significant increase of 124% from 2017 to 2023. The value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has risen by 101%.

Guideline values in Mukthapudupattu

Mukthapudupattu has a total of 37 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 804 per sq.ft. The median value for these streets is Rs 802 per sq.ft, making Venkateswara Nagar's 2024 figure above that median.

Stamp duty and registration fee for property in Venkateswara Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 804 per sq.ft, the total guideline value would be Rs 8,04,000. The stamp duty at 7% would amount to Rs 56,280, and the registration fee at 2% would be Rs 16,080, bringing the total fees to Rs 72,360. 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 details.

Which Sub Registrar Office covers Venkateswara Nagar?

The Sub Registrar Office that covers Venkateswara 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 further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mukthapudupattu. It is used to determine the stamp duty and registration fees that must be paid at the time of registration.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any discrepancies during registration. This ensures that the government receives the appropriate fees based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Venkateswara Nagar?

The current guideline value of Venkateswara Nagar is Rs 804 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 804 per sq.ft in 2024.

What is the median guideline value in Mukthapudupattu?

The median guideline value for the streets in Mukthapudupattu is Rs 802 per sq.ft, with Venkateswara Nagar's value being above this median.

What are the stamp duty rates applicable to Venkateswara Nagar?

The stamp duty rate applicable is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

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

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