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Guideline Value

Corporate

Guideline Value for Venkatajalapathy Avenue

₹550/sq.ft.

The guideline value for Venkatajalapathy Avenue in Naduveerapattu village (Padappai SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 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

Naduveerapattu

Village

Padappai

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[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 Venkatajalapathy Avenue

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Venkatajalapathy Avenue guideline value

The current guideline value of Venkatajalapathy Avenue is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Naduveerapattu village under the Padappai SRO and is classified as Residential Class I Type - I.

How the guideline value of Venkatajalapathy Avenue has changed

The guideline value for Venkatajalapathy Avenue has seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which then decreased to Rs 335 per sq.ft in 2017. Following this, the value increased significantly to Rs 500 per sq.ft in 2023, marking a 49% rise from the previous figure. The latest revision in 2024 has further increased the guideline value to Rs 550 per sq.ft, reflecting a 10% rise from 2023.

It is important to note that there are no recorded figures for Venkatajalapathy Avenue in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 38%.

Guideline values in Naduveerapattu

Naduveerapattu village has a total of 96 streets under the Padappai SRO, with 2024 guideline values ranging from Rs 330 to Rs 2,500 per sq.ft. The median guideline value for the village is Rs 660 per sq.ft, positioning Venkatajalapathy Avenue's 2024 figure below this median.

Stamp duty and registration fee for property in Venkatajalapathy Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venkatajalapathy Avenue?

The Sub Registrar Office that covers Venkatajalapathy Avenue is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Naduveerapattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are recorded accurately and transparently.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers must be aware that these fees are based on the guideline value or the sale price, whichever is higher, impacting the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Venkatajalapathy Avenue?

The current guideline value of Venkatajalapathy Avenue is Rs 550 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 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What are the other streets with guideline values in Naduveerapattu?

Other streets in Naduveerapattu include Vellalar Street at Rs 550 per sq.ft, Venugopal Nagar at Rs 440 per sq.ft, and various parts of Vanavil S.K.Avenue with values ranging from Rs 1,210 to Rs 1,980 per sq.ft.

What is the stamp duty for properties in Venkatajalapathy Avenue?

The stamp duty for properties in Venkatajalapathy Avenue is calculated at 7% of the guideline value. For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500.

Where is the Sub Registrar Office for Venkatajalapathy Avenue?

The Sub Registrar Office for Venkatajalapathy Avenue is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.