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

Guideline Value

Corporate

Guideline Value for Venkateshwara Nagar 1st Main Road

₹3850/sq.ft.

The guideline value for Venkateshwara Nagar 1st Main Road in Velachery village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1800 /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.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[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 1st Main Road

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

Venkateshwara Nagar 1st Main Road guideline value

The current guideline value of Venkateshwara Nagar 1st Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024. This road is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - III.

How the guideline value of Venkateshwara Nagar 1st Main Road has changed

The guideline value for Venkateshwara Nagar 1st Main Road has seen several revisions over the years. Starting from the 2007 revision, the guideline value was Rs 1,800 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in both the 2012 and 2023 revisions, showing no change during that period. The most recent revision in 2024 saw a further increase to Rs 3,850 per sq.ft, marking a 10% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has risen by 114%. Notably, there are no figures available for the years 2002, 2003, and 2017 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value for the area is Rs 4,400 per sq.ft, indicating that the 2024 figure for Venkateshwara Nagar 1st Main Road is below this median.

Stamp duty and registration fee for property in Venkateshwara Nagar 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, leading to a total of Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Venkateshwara Nagar 1st Main Road?

The Venkateshwara Nagar 1st Main Road is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process for property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair valuation of the property. It is essential for buyers to be aware of the guideline value to ensure they are paying a fair price and to avoid any complications during the registration process.

Frequently asked questions

What is the current guideline value of Venkateshwara Nagar 1st Main Road?

The current guideline value of Venkateshwara Nagar 1st Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,800 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, marking a total increase of 114% over the years.

What are the other streets with the same guideline value?

Other streets in Velachery with the same guideline value of Rs 3,850 per sq.ft for 2024 include Venkateshwara Nagar 1st Lane, Venkateshwara Nagar 1st Cross Street, Venkateshwara Nagar 1st Street, Venkateshwara Nagar 2nd Cross Street, and Venkateshwara Nagar 2nd Lane.

What is the registration fee for property in Venkateshwara Nagar 1st Main Road?

The registration fee for property in Venkateshwara Nagar 1st Main Road is calculated at 2% of the guideline value. For example, for a 1,000 sq.ft plot, the registration fee would be Rs 77,000.

Where can I find the Sub Registrar Office for Venkateshwara Nagar 1st Main Road?

The Sub Registrar Office covering Venkateshwara Nagar 1st Main Road is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.