Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Venkatesh Nagar 1st Street

₹4950/sq.ft.

The guideline value for Venkatesh Nagar 1st Street in Saligramam village (Virugambakkam SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Saligramam

Village

Virugambakkam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹4950 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹725 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹664 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 Venkatesh Nagar 1st Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Venkatesh Nagar 1st Street guideline value

The current guideline value of Venkatesh Nagar 1st Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village, under the jurisdiction of the Virugambakkam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Venkatesh Nagar 1st Street has changed

The guideline value for Venkatesh Nagar 1st Street has seen several revisions over the years. The earliest recorded value was Rs 664 per sq.ft in 2002. This increased to Rs 725 per sq.ft in 2003, marking a change of +9%. The value then rose significantly to Rs 1,100 per sq.ft in 2007, which was a +52% increase. Following that, the value surged to Rs 4,500 per sq.ft in 2012, a remarkable +309% change. However, it then decreased to Rs 3,015 per sq.ft in 2017, showing a decline of -33%. The value then climbed to Rs 4,500 per sq.ft in 2023, before reaching the current rate of Rs 4,950 per sq.ft in 2024, reflecting a +10% increase.

Overall, from 2002 to 2024, the guideline value has increased by +645%. There are no figures available for the revisions in years not listed in the register for this street.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value for the area is Rs 4,400 per sq.ft, placing Venkatesh Nagar 1st Street's 2024 figure above this median.

Stamp duty and registration fee for property in Venkatesh Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, bringing the total fees together to Rs 4,45,500. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Venkatesh Nagar 1st Street?

The Venkatesh Nagar 1st Street falls under the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Saligramam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these charges are based on a standardized value rather than fluctuating market prices.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This practice helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Venkatesh Nagar 1st Street?

The current guideline value of Venkatesh Nagar 1st Street is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 664 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, marking an overall increase of +645%.

What is the land classification for Venkatesh Nagar 1st Street?

The land classification for Venkatesh Nagar 1st Street is Residential Class I Type - I.

Where can I find the Sub Registrar Office for Venkatesh Nagar 1st Street?

The Sub Registrar Office covering Venkatesh Nagar 1st Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in Venkatesh Nagar 1st Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 49,50,000 would incur a stamp duty of Rs 3,46,500 at 7%.