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Guideline Value

Corporate

Guideline Value for Venkateshwara Nagar 5th Main Road Lane

₹3850/sq.ft.

The guideline value for Venkateshwara Nagar 5th Main Road Lane 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 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.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 5th Main Road Lane

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Venkateshwara Nagar 5th Main Road Lane guideline value

The current guideline value for Venkateshwara Nagar 5th Main Road Lane is Rs 3,850 per sq.ft, effective from 1 July 2024. This street 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 5th Main Road Lane has changed

Over the years, the guideline value for Venkateshwara Nagar 5th Main Road Lane has seen several revisions. The most recent revision in 2024 set the value at Rs 3,850 per sq.ft, an increase of 10% from the 2023 revision, which was Rs 3,500 per sq.ft. The 2012 revision also recorded a value of Rs 3,500 per sq.ft, indicating no change from 2012 to 2023. The register has no figures for the years 2002, 2003, 2007, and 2017.

In summary, from the 2012 revision to the 2024 revision, the overall increase in guideline value is 10%. The absence of figures for the intervening years suggests a period of stability in the guideline value for this street.

Guideline values in Velachery

In Velachery village, 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 these streets is Rs 4,400 per sq.ft, placing Venkateshwara Nagar 5th Main Road Lane's 2024 figure below this median.

Stamp duty and registration fee for property in Venkateshwara Nagar 5th Main Road Lane

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 to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Venkateshwara Nagar 5th Main Road Lane?

The Venkateshwara Nagar 5th Main Road Lane falls under the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Velachery. It is used to determine the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the guideline value as it directly impacts the costs associated with registration. Ensuring that you have the latest figures can help in planning your budget effectively.

Frequently asked questions

What is the current guideline value of Venkateshwara Nagar 5th Main Road Lane?

The current guideline value of Venkateshwara Nagar 5th Main Road Lane 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 seen a 10% increase from Rs 3,500 per sq.ft in 2023 to Rs 3,850 per sq.ft in 2024. There was no change from 2012 to 2023, as both years recorded a value of Rs 3,500 per sq.ft.

What is the land classification for this area?

Venkateshwara Nagar 5th Main Road Lane is classified as Residential Class II Type - III, indicating its use for residential purposes.

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. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Venkateshwara Nagar 5th Main Road Lane?

The Velacheri Sub Registrar Office handles registrations for Venkateshwara Nagar 5th Main Road Lane, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.