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Guideline Value

Corporate

Guideline Value for Venkatachala Naicken 2nd Lane

₹6600/sq.ft.

The guideline value for Venkatachala Naicken 2nd Lane in Triplicane village (Triplicane SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Triplicane

Village

Triplicane

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1145 /sq.ft.
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)

No.182 Bharati Salai(pycrafts Road) Royapettah, Chennai-600014
044-28611761
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Venkatachala Naicken 2nd Lane

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Venkatachala Naicken 2nd Lane guideline value

The current guideline value of Venkatachala Naicken 2nd Lane is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO, and is classified as Residential Class I Type - I.

How the guideline value of Venkatachala Naicken 2nd Lane has changed

In the 2007 revision, the guideline value was Rs 1,145 per sq.ft. This figure saw a significant increase in the 2012 revision, where it was raised to Rs 6,000 per sq.ft, marking a change of +424%. The value remained unchanged at Rs 6,000 per sq.ft in the 2023 revision. However, in the latest 2024 revision, the guideline value increased to Rs 6,600 per sq.ft, which is a rise of +10% from the previous year.

There are no figures available for the years 2002, 2003, and 2017 in the register for this street. Overall, the guideline value has increased by +476% from the 2007 revision to the 2024 revision.

Guideline values in Triplicane

In Triplicane, there are a total of 415 streets under the Triplicane SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value is Rs 6,600 per sq.ft, which is equal to the current guideline value of Venkatachala Naicken 2nd Lane.

Stamp duty and registration fee for property in Venkatachala Naicken 2nd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Venkatachala Naicken 2nd Lane?

The Sub Registrar Office that covers Venkatachala Naicken 2nd Lane is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value is an essential reference point during the registration of property transactions in Triplicane. It is used to determine the applicable stamp duty and registration fees, ensuring that both buyers and sellers adhere to the legal requirements set forth by the Registration Department.

When buying or selling property, the guideline value helps in establishing a fair base for the transaction. It is crucial for both parties to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Venkatachala Naicken 2nd Lane?

The current guideline value of Venkatachala Naicken 2nd Lane is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased from Rs 1,145 per sq.ft to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of +476%.

What is the land classification for Venkatachala Naicken 2nd Lane?

Venkatachala Naicken 2nd Lane is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Venkatachala Naicken 2nd Lane is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is the stamp duty calculated for properties in this lane?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 66,00,000, the stamp duty would amount to Rs 4,62,000.