Guideline Value

Corporate

Guideline Value for Venkatesa (N) 1St Lane

₹1300/sq.ft.

The guideline value for Venkatesa (n) 1st Lane in Tondaiarpet village (Royapuram SRO, Chennai zone) is Rs 1300 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Tondaiarpet

Village

Royapuram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1300 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /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)

535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.
044-25960108
[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 Venkatesa (n) 1st Lane

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Venkatesa (N) 1St Lane guideline value

The current guideline value of Venkatesa (N) 1St Lane is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the Royapuram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Venkatesa (N) 1St Lane has changed

In the 2007 revision, the guideline value was Rs 600 per sq.ft. This figure increased to Rs 1,200 per sq.ft in 2012, marking a significant rise of 100%. The value remained unchanged at Rs 1,200 per sq.ft through the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 1,300 per sq.ft, which is an 8% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 117%. It is important to note that there are no figures available for the years 2002, 2003, and 2017 for this street in the register.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, which means that the guideline value of Venkatesa (N) 1St Lane is below this median.

Stamp duty and registration fee for property in Venkatesa (N) 1St Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Venkatesa (N) 1St Lane?

The Venkatesa (N) 1St Lane is covered by the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Tondaiarpet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Venkatesa (N) 1St Lane?

The current guideline value of Venkatesa (N) 1St Lane is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent increase being from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024, an increase of 8%. Overall, from 2007 to 2024, the guideline value has increased by 117%.

What is the land classification for Venkatesa (N) 1St Lane?

Venkatesa (N) 1St Lane is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Royapuram Sub Registrar Office?

The Royapuram Sub Registrar Office is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. This office handles the registration of properties in the area.

How is the stamp duty calculated for properties in Venkatesa (N) 1St Lane?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For example, for a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000.