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Guideline Value

Corporate

Guideline Value for Venkatesh Nagar Main Road

₹4950/sq.ft.

The guideline value for Venkatesh Nagar Main Road in Virugambakkam 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 Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Virugambakkam

Village

Virugambakkam

SRO

Residential Class II Type - II
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 N/A
From 1-4-2002 To 31-3-2003 N/A
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 Main Road

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Venkatesh Nagar Main Road guideline value

The current guideline value of Venkatesh Nagar Main Road is Rs 4,950 per sq.ft, effective from 1 July 2024. This road is located in Virugambakkam village, under the Virugambakkam SRO, and is classified as Residential Class II Type - II.

How the guideline value of Venkatesh Nagar Main Road has changed

The guideline value for Venkatesh Nagar Main Road has seen several revisions over the years. In 2007, the guideline value was Rs 1,100 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in 2012, marking a rise of 309%. However, in 2017, the value decreased to Rs 3,015 per sq.ft, which was a drop of 33%. The subsequent revision in 2023 saw the value rise to Rs 4,500 per sq.ft, and the latest revision in 2024 has set it at Rs 4,950 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 350%.

Guideline values in Virugambakkam

In Virugambakkam, there are 391 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, making the 2024 guideline value of Venkatesh Nagar Main Road above the median.

Stamp duty and registration fee for property in Venkatesh Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value would be Rs 49,50,000. The stamp duty at 7% would amount to 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 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 Main Road?

The Sub Registrar Office that covers Venkatesh Nagar Main Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Virugambakkam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction process. Buyers and sellers should be aware that the guideline value may differ from the actual sale price of the property.

When registering a property, the higher of the guideline value or the sale price will be considered for calculating the applicable fees. This ensures that the government receives the appropriate dues based on the value of the transaction.

Frequently asked questions

What is the current guideline value of Venkatesh Nagar Main Road?

The current guideline value of Venkatesh Nagar Main Road 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 from Rs 1,100 per sq.ft in 2007 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 350% over the years.

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

For a property valued at Rs 49,50,000, the stamp duty would be Rs 3,46,500 and the registration fee would be Rs 99,000, totaling Rs 4,45,500.

Which office handles property registrations for Venkatesh Nagar Main Road?

The Virugambakkam Sub Registrar Office handles property registrations for Venkatesh Nagar Main Road, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for Venkatesh Nagar Main Road?

Venkatesh Nagar Main Road is classified as Residential Class II Type - II, indicating its suitability for residential development.