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Guideline Value

Corporate

Guideline Value for Venkatesa (N) 2nd Lane

₹1300/sq.ft.

The guideline value for Venkatesa (n) 2nd 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) 2nd Lane

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Venkatesa (N) 2nd Lane guideline value

The current guideline value of Venkatesa (N) 2nd Lane is Rs 1,300 per sq.ft, effective from 1 July 2024. This lane is located in Tondaiarpet village and falls under the Royapuram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Venkatesa (N) 2nd Lane has changed

The guideline value for Venkatesa (N) 2nd Lane has seen several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 600 per sq.ft. This value increased significantly to Rs 1,200 per sq.ft in 2012, marking a 100% rise. However, from 2012 to 2023, there was no change, as the value remained at Rs 1,200 per sq.ft. In the latest revision for 2024, the guideline value increased to Rs 1,300 per sq.ft, reflecting an 8% increase from the previous year.

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

Guideline values in Tondaiarpet

In Tondaiarpet village, there are 1,384 streets under the Royapuram SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, making the guideline value of Venkatesa (N) 2nd Lane below the median.

Stamp duty and registration fee for property in Venkatesa (N) 2nd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would amount 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 cost for these fees 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venkatesa (N) 2nd Lane?

The Venkatesa (N) 2nd Lane is covered by the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering a 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 accurately and fairly.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial implications of the transaction, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Venkatesa (N) 2nd Lane?

The current guideline value of Venkatesa (N) 2nd 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 changed from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, marking an overall increase of 117% over the years.

What is the registration office for Venkatesa (N) 2nd Lane?

The registration office for Venkatesa (N) 2nd Lane is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Are there other streets with the same guideline value in Tondaiarpet?

Yes, several other streets in Tondaiarpet have the same guideline value of Rs 1,300 per sq.ft in 2024, including Venkatesa (N) 1St Lane, Venkatesa (N) 3rd Lane, Venkatesa (N) 4th Lane, and Venkatesa (N) 5th Lane.