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

Guideline Value

Corporate

Guideline Value for Venkatesh Nagar 2nd Cross Street

₹4950/sq.ft.

The guideline value for Venkatesh Nagar 2nd Cross 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 ₹1953 /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 2nd Cross 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 2nd Cross Street guideline value

The current guideline value of Venkatesh Nagar 2nd Cross Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village, under the Virugambakkam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Venkatesh Nagar 2nd Cross Street has changed

The guideline value for Venkatesh Nagar 2nd Cross Street has seen several revisions over the years. In 2002, the value was Rs 664 per sq.ft, which increased to Rs 725 per sq.ft in 2003. Following this, the value rose significantly to Rs 1,953 per sq.ft in 2007, and then to Rs 4,500 per sq.ft in 2012. However, there was a decrease to Rs 3,015 per sq.ft in 2017. The value then increased to Rs 4,500 per sq.ft in 2023 and reached Rs 4,950 per sq.ft in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2012 to 2017 saw a decrease of 33%. The increase from 2007 to 2012 was 130%, while the rise from 2003 to 2007 was 169%. The overall increase from 2002 to 2024 is 645%. The register has no figures for revisions in years not mentioned above.

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 in this area is Rs 4,400 per sq.ft, and the value for Venkatesh Nagar 2nd Cross Street is above this median.

Stamp duty and registration fee for property in Venkatesh Nagar 2nd Cross 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, while the registration fee at 2% would be Rs 99,000. Together, the total cost for stamp duty and registration fee would be Rs 4,45,500. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Venkatesh Nagar 2nd Cross Street?

The Venkatesh Nagar 2nd Cross 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 essential during the registration of property transactions in Saligramam. It serves as a reference point for calculating the stamp duty and registration fees, which are mandatory for property transactions.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the value of the property in the official records. This process helps maintain transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value of Venkatesh Nagar 2nd Cross Street?

The current guideline value of Venkatesh Nagar 2nd Cross 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 from Rs 664 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, showing an overall increase of 645% over the years.

What are the other streets in Saligramam with the same guideline value?

Other streets in Saligramam with the same guideline value of Rs 4,950 per sq.ft include Venkatesh Nagar 2nd Main Road, Venkatesh Nagar 2nd Street, Venkatesh Nagar 1st Street, Venkatesh Nagar 1st Main Road, Venkatesh Nagar 1st Cross Street, and Venkatesh Nagar 3rd Street.

What is the registration fee for property in Venkatesh Nagar 2nd Cross Street?

The registration fee for property in Venkatesh Nagar 2nd Cross Street is calculated at 2% of the guideline value. For a property valued at Rs 49,50,000, the registration fee would be Rs 99,000.

Where can I find the Sub Registrar Office for Venkatesh Nagar 2nd Cross Street?

The Sub Registrar Office covering Venkatesh Nagar 2nd Cross Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.