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Guideline Value

Corporate

Guideline Value for Venkatasubramanya swamy Nagar

₹2090/sq.ft.

The guideline value for Venkatasubramanya Swamy Nagar in Kattupakkam village (Kunrathur SRO, Chennai zone) is Rs 2090 per sq.ft, effective 1 July 2024. It was Rs 1900 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

Kattupakkam

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2090 /sq.ft.
From 1-4-2023 ₹1900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1273 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1900 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹350 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹66 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[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 Venkatasubramanya Swamy Nagar

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Venkatasubramanya swamy Nagar guideline value

The current guideline value of Venkatasubramanya swamy Nagar is Rs 2,090 per sq.ft, effective from 1 July 2024. This area is located in Kattupakkam village under the Kunrathur SRO, classified as Residential Class I Type - I.

How the guideline value of Venkatasubramanya swamy Nagar has changed

The guideline value for Venkatasubramanya swamy Nagar has seen several revisions over the years. The earliest recorded figure is from 2003, with a guideline value of Rs 66 per sq.ft. This increased significantly to Rs 350 per sq.ft in 2007, followed by a remarkable rise to Rs 1,900 per sq.ft in 2012. However, it then decreased to Rs 1,273 per sq.ft in 2017. The value rose again to Rs 1,900 per sq.ft in 2023, and currently stands at Rs 2,090 per sq.ft as of the 2024 revision. Notably, there is no figure available for the year 2002 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%, while the jump from 2023 to 2024 is 10%. The most significant rise occurred between 2007 and 2012, with an increase of 443%. Overall, from 2003 to 2024, the guideline value has surged by 3067%.

Guideline values in Kattupakkam

In Kattupakkam, there are 75 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,980 to Rs 4,290 per sq.ft. The median value is Rs 2,090 per sq.ft, which is the same as that of Venkatasubramanya swamy Nagar.

Stamp duty and registration fee for property in Venkatasubramanya swamy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft, the total guideline value amounts to Rs 20,90,000. The stamp duty at 7% would be Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, leading to a total of Rs 1,88,100. It is important to note that the 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 Venkatasubramanya swamy Nagar?

The Sub Registrar Office that covers Venkatasubramanya swamy Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value plays a crucial role during property transactions in Kattupakkam. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when registering a property. The guideline value is set by the government and is periodically revised to reflect changes in the real estate market.

When buying or selling a property, it is essential to be aware of the current guideline value, as it ensures compliance with legal requirements and helps in calculating the necessary fees accurately. Buyers should ensure that the sale price is not lower than the guideline value to avoid any legal complications.

Frequently asked questions

What is the current guideline value of Venkatasubramanya swamy Nagar?

The current guideline value of Venkatasubramanya swamy Nagar is Rs 2,090 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 66 per sq.ft in 2003 to Rs 2,090 per sq.ft in 2024, marking an overall increase of 3067% over the years.

What is the registration office for Venkatasubramanya swamy Nagar?

The registration office for Venkatasubramanya swamy Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Venkatasubramanya swamy Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 20,90,000, the stamp duty would be Rs 1,46,300 at 7%.

What are the other streets in Kattupakkam with guideline values?

Other streets in Kattupakkam include Vijalakshmi Nagar Annex, Vijayalakshmi Nagar Annexe I, Vijayalakshmi Nagar Annexe II, Vinayakapuram 3rd Street, Swarnapuri Nagar, and Sun Garden, all with a guideline value of Rs 3,520 per sq.ft in 2024.