Guideline Value

Corporate

Guideline Value for Venkataswara Nagar

₹880/sq.ft.

The guideline value for Venkataswara Nagar in Ayappakkam village (Ambattur SRO, Chennai zone) is Rs 880 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ayappakkam

Village

Ambattur

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹880 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹70 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹42 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Venkataswara Nagar

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Venkataswara Nagar guideline value

The current guideline value of Venkataswara Nagar is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in Ayappakkam village, under the Ambattur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Venkataswara Nagar has changed

The guideline value for Venkataswara Nagar has undergone several revisions over the years. In 2002, the value was Rs 42 per sq.ft, which increased to Rs 70 per sq.ft in 2003. This marked a significant rise of 67%. The value continued to grow, reaching Rs 400 per sq.ft in 2007, reflecting an increase of 471%. By 2012, the value was Rs 800 per sq.ft, which was a 100% increase from the previous revision. However, in 2017, it decreased to Rs 536 per sq.ft, a drop of 33%. The value then increased to Rs 800 per sq.ft in 2023, followed by a further rise to Rs 880 per sq.ft in 2024, marking a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1995%. There are no figures available for the revisions of the years not mentioned in the register for this street.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value of Venkataswara Nagar is below this median.

Stamp duty and registration fee for property in Venkataswara Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. 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 Venkataswara Nagar?

The Sub Registrar Office that covers Venkataswara Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Ayappakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider the guideline value when negotiating sale prices to ensure compliance with registration requirements.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, reflecting the official value of the property as determined by the guideline value register.

Frequently asked questions

What is the current guideline value of Venkataswara Nagar?

The current guideline value of Venkataswara Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 42 per sq.ft in 2002 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 1995% over this period.

What are the other streets in Ayappakkam with their guideline values?

Other streets in Ayappakkam include Vengan Choudry Main Road at Rs 1,300 per sq.ft, Veerapathiran street at Rs 1,600 per sq.ft, and VGN Serenity Grove at Rs 2,200 per sq.ft, among others.

What are the stamp duty and registration fees for property in Venkataswara Nagar?

For a 1,000 sq.ft plot at the guideline value of Rs 880 per sq.ft, the total guideline value is Rs 8,80,000. The stamp duty would be Rs 61,600, and the registration fee would be Rs 17,600, totaling Rs 79,200.

Where can I find the Sub Registrar Office for Venkataswara Nagar?

The Sub Registrar Office for Venkataswara Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.