Guideline Value for Venkatesa(N) 3rd Lane

Venkatesa(N) 3rd Lane guideline value

The current guideline value for Venkatesa(N) 3rd 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) 3rd Lane has changed

The guideline value for Venkatesa(N) 3rd Lane has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which 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 until the next revision in 2023, when it increased to Rs 1,300 per sq.ft, reflecting an 8% rise.

From 2007 to 2024, the overall increase in the guideline value is 117%, culminating in the current rate of Rs 1,300 per sq.ft. The register has no figures for the years 2002, 2003, and 2017 for this street.

Guideline values in Tondaiarpet

Tondaiarpet village has 1,384 streets under the Royapuram SRO with a 2024 guideline value range from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, placing Venkatesa(N) 3rd Lane's current value below that median.

• Venkatesa(N) 4th Lane: Rs 1,300 per sq.ft (2024)
• Venkatesa (N) 2nd Lane: Rs 1,300 per sq.ft (2024)
• Venkatesa(N) 5th Lane: Rs 1,300 per sq.ft (2024)
• Venkatesa (N) 1St Lane: Rs 1,300 per sq.ft (2024)
• Venkatachalam Street: Rs 2,200 per sq.ft (2024)
• Venkatachalam Naicken Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Venkatesa(N) 3rd 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 cost for these fees to Rs 1,17,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Venkatesa(N) 3rd Lane?

The Sub Registrar Office that covers Venkatesa(N) 3rd Lane is 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 is a crucial factor when registering property transactions in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When buying or selling property, it is important to be aware of the current guideline value, as it directly impacts the financial obligations involved in the transaction. Ensuring that you have the correct figures can help facilitate a smoother registration process.

Frequently asked questions

What is the current guideline value of Venkatesa(N) 3rd Lane?

The current guideline value of Venkatesa(N) 3rd 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 are the stamp duty and registration fees for property in Venkatesa(N) 3rd Lane?

For a property valued at Rs 1,300 per sq.ft, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000 for a 1,000 sq.ft plot.

Which Sub Registrar Office covers Venkatesa(N) 3rd Lane?

The Royapuram Sub Registrar Office covers Venkatesa(N) 3rd Lane, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

Where can I find more information about the guideline values in Tondaiarpet?

More information about the guideline values in Tondaiarpet can be found in the Registration Department's guideline value register (TNReginet) or by visiting the Royapuram SRO.