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Guideline Value

Corporate

Guideline Value for Venkateshwara Nagar 24th Street

₹6380/sq.ft.

The guideline value for Venkateshwara Nagar 24th Street in Porur village (Kunrathur SRO, Chennai zone) is Rs 6380 per sq.ft, effective 1 July 2024. It was Rs 5800 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Porur

Village

Kunrathur

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹6380 /sq.ft.
From 1-4-2023 ₹5800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3886 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5800 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[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 Venkateshwara Nagar 24th Street

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Venkateshwara Nagar 24th Street guideline value

The current guideline value of Venkateshwara Nagar 24th Street is Rs 6,380 per sq.ft, effective from 1 July 2024. This street is located in Porur village, under the Kunrathur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Venkateshwara Nagar 24th Street has changed

The guideline value for Venkateshwara Nagar 24th Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 6,380 per sq.ft, which reflects a 10% increase from the 2023 revision of Rs 5,800 per sq.ft. Looking back further, the 2017 revision recorded a value of Rs 3,886 per sq.ft, marking a significant 49% increase from that year to 2023. The 2012 revision also had a value of Rs 5,800 per sq.ft, which was a decrease of 33% from the 2017 figure.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value for these streets is Rs 3,960 per sq.ft, placing Venkateshwara Nagar 24th Street's 2024 figure above the median.

Stamp duty and registration fee for property in Venkateshwara Nagar 24th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,380 per sq.ft, the total guideline value amounts to Rs 63,80,000. The stamp duty at 7% would be Rs 4,46,600, while the registration fee at 2% would be Rs 1,27,600. The total amount for stamp duty and registration fee would be Rs 5,74,200. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venkateshwara Nagar 24th Street?

The Sub Registrar Office that covers Venkateshwara Nagar 24th Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Porur. It is used to determine the stamp duty and registration fees that must be paid to the government during the transaction.

When a property is sold, the buyer must ensure that the sale price is either equal to or higher than the guideline value, as the duty is charged on the higher of the two. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Venkateshwara Nagar 24th Street?

The current guideline value of Venkateshwara Nagar 24th Street is Rs 6,380 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent increase of 10% from Rs 5,800 per sq.ft in 2023 to Rs 6,380 per sq.ft in 2024. Overall, from 2012 to 2024, the value has increased by 10%.

What is the land classification for Venkateshwara Nagar 24th Street?

Venkateshwara Nagar 24th Street is classified as Commercial Class I Type - I, indicating its commercial usage and potential.

Where can I find more information on stamp duty and registration fees?

For detailed information on stamp duty and registration fees, you can use the stamp duty and registration fee calculator.

Which office handles registrations for Venkateshwara Nagar 24th Street?

The Kunrathur Sub Registrar Office handles registrations for Venkateshwara Nagar 24th Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.