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Guideline Value

Corporate

Guideline Value for Venkateshwara Nagar 3rd Main Road

₹6380/sq.ft.

The guideline value for Venkateshwara Nagar 3rd Main Road 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 3rd Main Road

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Venkateshwara Nagar 3rd Main Road guideline value

The current guideline value of Venkateshwara Nagar 3rd Main Road 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 3rd Main Road has changed

Over the years, the guideline value of Venkateshwara Nagar 3rd Main Road has seen several revisions. The 2012 revision set the value at Rs 5,800 per sq.ft, which was then reduced to Rs 3,886 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 5,800 per sq.ft, and the most recent 2024 revision raised it to Rs 6,380 per sq.ft.

The changes between revisions include a 33% decrease from 2012 to 2017, followed by a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024. The overall change from 2012 to 2024 reflects a 10% increase. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

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 is Rs 3,960 per sq.ft, placing Venkateshwara Nagar 3rd Main Road above this median.

Stamp duty and registration fee for property in Venkateshwara Nagar 3rd Main Road

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

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venkateshwara Nagar 3rd Main Road?

The Venkateshwara Nagar 3rd Main Road falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Porur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two is used to calculate the applicable stamp duty and registration fees, ensuring compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Venkateshwara Nagar 3rd Main Road?

The current guideline value of Venkateshwara Nagar 3rd Main Road 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 changed from Rs 5,800 per sq.ft in 2012 to Rs 3,886 per sq.ft in 2017, then to Rs 5,800 per sq.ft in 2023, and finally to Rs 6,380 per sq.ft in 2024.

What is the land classification for Venkateshwara Nagar 3rd Main Road?

The land classification for Venkateshwara Nagar 3rd Main Road is Commercial Class I Type - I.

Which Sub Registrar Office covers this area?

The Kunrathur Sub Registrar Office covers Venkateshwara Nagar 3rd Main Road, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Venkateshwara Nagar 3rd Main Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 63,80,000 would incur a stamp duty of Rs 4,46,600 at 7%.