Guideline Value

Corporate

Guideline Value for Venkatesapuram 2nd Street

₹1700/sq.ft.

The guideline value for Venkatesapuram 2nd Street in Kottivakkam village (Adayar SRO, Chennai zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 13% change. The land classification is Residential Class V Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kottivakkam

Village

Adayar

SRO

Residential Class V Type - III
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹306 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹257 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.161(71/6), L.b Road (dr.muthulakshmi Salai) Tnhb Building,third Floor,thiruvanmiyur,chennai-600041
044-24415011
[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 Venkatesapuram 2nd Street

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Venkatesapuram 2nd Street guideline value

The current guideline value of Venkatesapuram 2nd Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village, under the Adayar SRO, and is classified as Residential Class V Type - III.

How the guideline value of Venkatesapuram 2nd Street has changed

The guideline value for Venkatesapuram 2nd Street has seen several revisions over the years. Starting from Rs 257 per sq.ft in 2002, it increased to Rs 306 per sq.ft in 2003, marking a 19% rise. The value then surged significantly to Rs 1,000 per sq.ft in 2007, reflecting a 227% increase. In 2012, the value was Rs 1,500 per sq.ft, which was a decrease of 33% from the previous revision. The next revision in 2017 brought the value to Rs 1,005 per sq.ft, showing a 49% increase. The guideline value then rose to Rs 1,500 per sq.ft in 2023, and finally, it reached Rs 1,700 per sq.ft in 2024, indicating a 13% increase from the previous year.

There are no figures available for the revisions in years not listed above. Overall, the guideline value has increased by 561% from 2002 to 2024.

Guideline values in Kottivakkam

Kottivakkam has a total of 284 streets under the Adayar SRO, with guideline values ranging from Rs 1,700 to Rs 8,500 per sq.ft as of 2024. The median guideline value in this area is Rs 3,900 per sq.ft, placing Venkatesapuram 2nd Street's 2024 figure below that median.

Stamp duty and registration fee for property in Venkatesapuram 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty, calculated at 7%, would amount to Rs 1,19,000, while the registration fee at 2% would be Rs 34,000. Together, the total charges would be Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Venkatesapuram 2nd Street?

The Venkatesapuram 2nd Street falls under the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kottivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

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

Frequently asked questions

What is the current guideline value of Venkatesapuram 2nd Street?

The current guideline value of Venkatesapuram 2nd Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 257 per sq.ft in 2002 to Rs 1,700 per sq.ft in 2024, marking an overall increase of 561% over this period.

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

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Which office handles registrations for Venkatesapuram 2nd Street?

The Adayar Sub Registrar Office handles registrations for Venkatesapuram 2nd Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the median guideline value in Kottivakkam?

The median guideline value in Kottivakkam is Rs 3,900 per sq.ft, with Venkatesapuram 2nd Street's value being below this median at Rs 1,700 per sq.ft.