Guideline Value for VENKATESWARAN NAGAR (PER)
₹660/sq.ft.
The guideline value for Venkateswaran Nagar (per) in Sattamangalam village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Sattamangalam
Village
Chengleput Joint II
SRO
Residential Class I Type - III
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹660 /sq.ft. |
| From 1-4-2023 | ₹600 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹402 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹600 /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)
10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]
DRO (District Registrar Office)
No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]
Records for a plot on Venkateswaran Nagar (per)
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Chengleput Joint Ii sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Venkateswaran Nagar (Per) guideline value
The current guideline value of Venkateswaran Nagar (Per) is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Sattamangalam village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - III.
How the guideline value of Venkateswaran Nagar (Per) has changed
The guideline value for Venkateswaran Nagar (Per) has seen several revisions over the years. In 2012, the value was set at Rs 600 per sq.ft, which then dropped to Rs 402 per sq.ft in 2017. Following this, the value increased to Rs 600 per sq.ft in 2023, and most recently, it rose to Rs 660 per sq.ft in 2024, marking a 10% increase from the previous year.
Overall, from 2012 to 2024, the guideline value has increased by 10%. The changes between the revisions include a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017. The register has no figures for the years 2002, 2003, and 2007 for this street.
Guideline values in Sattamangalam
In Sattamangalam village, there are 425 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Venkateswaran Nagar (Per) is below this median.
- Vethanayagam Street(Ward -8): Rs 1,760 per sq.ft (2024)
- Venkatesapuram Colony (Kr): Rs 660 per sq.ft (2024)
- Vgn Southern Colony (Kr): Rs 1,980 per sq.ft (2024)
- Vel 's Doctrs Metro Polis: Rs 1,980 per sq.ft (2024)
- Vellivithaiar Street (Ward -6): Rs 1,980 per sq.ft (2024)
- Veeran Alagumuthu Cone (Ward -8): Rs 1,760 per sq.ft (2024)
Stamp duty and registration fee for property in Venkateswaran Nagar (Per)
For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, leading to a total fee of Rs 59,400. Duty is charged on the higher of the guideline value or the sale price.
For more information, you can use the stamp duty and registration fee calculator.
Which Sub Registrar Office covers Venkateswaran Nagar (Per)?
The Sub Registrar Office that covers Venkateswaran Nagar (Per) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.
How the guideline value is used when you buy or sell in Sattamangalam
The guideline value is a crucial factor during the registration process when buying or selling property in Sattamangalam. It is used to determine the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.
When a property is registered, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This process helps maintain transparency and consistency in property transactions within the region.
Frequently asked questions
What is the current guideline value of Venkateswaran Nagar (Per)?
The current guideline value of Venkateswaran Nagar (Per) is Rs 660 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 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.
What is the land classification for Venkateswaran Nagar (Per)?
The land classification for Venkateswaran Nagar (Per) is Residential Class I Type - III.
What are the stamp duty and registration fees for property transactions?
The stamp duty is charged at 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees can amount to Rs 59,400.
Which Sub Registrar Office covers Venkateswaran Nagar (Per)?
The Chengleput Joint II Sub Registrar Office covers Venkateswaran Nagar (Per) and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.
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