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Guideline Value

Corporate

Guideline Value for Venkatarathinam 8th Cross Street

₹9400/sq.ft.

The guideline value for Venkatarathinam 8th Cross Street in Pallipattu village (Adayar SRO, Chennai zone) is Rs 9400 per sq.ft, effective 1 July 2024. It was Rs 8500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallipattu

Village

Adayar

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹9400 /sq.ft.
From 1-4-2023 ₹8500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5695 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹8500 /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)

No.161(71/6), L.b Road (dr.muthulakshmi Salai) Tnhb Building,third Floor,thiruvanmiyur,chennai-600041
044-24415011
[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 Venkatarathinam 8th Cross Street

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Venkatarathinam 8th Cross Street guideline value

The current guideline value of Venkatarathinam 8th Cross Street is Rs 9,400 per sq.ft, effective from 1 July 2024. This street is located in Pallipattu village, under the Adayar SRO, and is classified as Residential Special Type - I.

How the guideline value of Venkatarathinam 8th Cross Street has changed

The guideline value for Venkatarathinam 8th Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 8,500 per sq.ft, which then decreased to Rs 5,695 per sq.ft in the 2017 revision. Following this, the value rose significantly to Rs 8,500 per sq.ft in 2023, and then to the current rate of Rs 9,400 per sq.ft in the 2024 revision, marking an increase of 11% from the previous year.

From the 2017 revision to 2023, the increase was 49%. Overall, from 2012 to 2024, the guideline value has increased by 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Pallipattu

Pallipattu village has a total of 72 streets under the Adayar SRO, with guideline values ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value across these streets is Rs 9,400 per sq.ft, which is equal to the current guideline value of Venkatarathinam 8th Cross Street.

Stamp duty and registration fee for property in Venkatarathinam 8th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 9,400 per sq.ft, the total guideline value amounts to Rs 94,00,000. The stamp duty at 7% would be Rs 6,58,000, and the registration fee at 2% would be Rs 1,88,000, leading to a total cost of Rs 8,46,000. 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 Venkatarathinam 8th Cross Street?

The Sub Registrar Office that covers Venkatarathinam 8th Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Pallipattu. It is used as a reference point for calculating the stamp duty and registration fees when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable stamp duty. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Venkatarathinam 8th Cross Street?

The current guideline value of Venkatarathinam 8th Cross Street is Rs 9,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 8,500 per sq.ft in 2012 to Rs 5,695 per sq.ft in 2017, then to Rs 8,500 per sq.ft in 2023, and finally to Rs 9,400 per sq.ft in 2024.

What is the land classification of Venkatarathinam 8th Cross Street?

Venkatarathinam 8th Cross Street is classified as Residential Special Type - I.

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

The Sub Registrar Office for Venkatarathinam 8th Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties in Pallipattu?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 94,00,000, the stamp duty at 7% would be Rs 6,58,000.