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

Guideline Value

Corporate

Guideline Value for Venkateshwara Nagar 2nd Cross Street

₹3850/sq.ft.

The guideline value for Venkateshwara Nagar 2nd Cross Street 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 ₹2345 /sq.ft.
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 ₹255 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹224 /sq.ft.
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 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

Venkateshwara Nagar 2nd Cross Street guideline value

The current guideline value of Venkateshwara Nagar 2nd Cross Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Velachery village under the Velacheri SRO, with a land classification of Residential Class II Type - III.

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

The guideline value for Venkateshwara Nagar 2nd Cross Street has seen several revisions over the years. In 2002, the value was Rs 224 per sq.ft. This increased significantly to Rs 255 per sq.ft in 2003, marking a change of +14%. The value then surged to Rs 1,800 per sq.ft in 2007, reflecting a substantial increase of +606%. Following this, the value was revised to Rs 3,500 per sq.ft in 2012, which was a decrease of -33% from the previous revision. The value remained at Rs 3,500 per sq.ft in 2023, before rising to Rs 3,850 per sq.ft in 2024, a change of +10%.

From 2017, when the value was Rs 2,345 per sq.ft, to 2023, the increase was +49%. Overall, from 2002 to 2024, the guideline value has increased by +1619%. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Velachery

In Velachery, there are a total of 2,691 streets under the Velacheri SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, making the 2024 figure for Venkateshwara Nagar 2nd Cross Street below that median.

Stamp duty and registration fee for property in Venkateshwara Nagar 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total fees together to Rs 3,46,500. 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 2nd Cross Street?

The Venkateshwara Nagar 2nd Cross Street falls under 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 when buying or selling property in Velachery. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware that the duty is charged on the higher of the guideline value or the sale price, ensuring that the correct fees are applied.

Understanding the guideline value helps in making informed decisions during property transactions, as it reflects the official value assigned to a property by the government for registration purposes.

Frequently asked questions

What is the current guideline value for Venkateshwara Nagar 2nd Cross Street?

The current guideline value for Venkateshwara Nagar 2nd Cross Street 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 changed significantly from Rs 224 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of +1619% over the years.

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

For a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500 and the registration fee would be Rs 77,000, totaling Rs 3,46,500.

Which office handles registrations for Venkateshwara Nagar 2nd Cross Street?

The Velacheri Sub Registrar Office handles registrations for Venkateshwara Nagar 2nd Cross Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the median guideline value in Velachery?

The median guideline value in Velachery is Rs 4,400 per sq.ft, while the guideline value for Venkateshwara Nagar 2nd Cross Street is below this median at Rs 3,850 per sq.ft.