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Guideline Value

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Guideline Value for Venkateshwara Nagar Part-I 3rd Cross Street

₹2700/sq.ft.

The guideline value for Venkateshwara Nagar Part-i 3rd Cross Street in Kodungaiyur village (Madhavaram SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodungaiyur

Village

Madhavaram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /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.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Part-i 3rd Cross Street

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Venkateshwara Nagar Part-I 3rd Cross Street guideline value

The current guideline value of Venkateshwara Nagar Part-I 3rd Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village and falls under the Madhavaram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Venkateshwara Nagar Part-I 3rd Cross Street has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This figure remained until the 2017 revision, where it decreased to Rs 1,675 per sq.ft, marking a decline of 33%. The value then increased significantly in the 2023 revision to Rs 2,500 per sq.ft, followed by a further increase to Rs 2,700 per sq.ft in the 2024 revision, reflecting an 8% rise.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 8%.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, which is equal to the 2024 guideline value of Venkateshwara Nagar Part-I 3rd Cross Street.

Stamp duty and registration fee for property in Venkateshwara Nagar Part-I 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. Together, the total fees would be Rs 2,43,000. 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 Part-I 3rd Cross Street?

The Sub Registrar Office that covers Venkateshwara Nagar Part-I 3rd Cross Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process for property transactions in Kodungaiyur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that transactions are recorded accurately and transparently.

When buying or selling property, the guideline value influences the calculation of stamp duty and registration fees, which are necessary for completing the registration process. Buyers must be aware of these values to ensure compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Venkateshwara Nagar Part-I 3rd Cross Street?

The current guideline value of Venkateshwara Nagar Part-I 3rd Cross Street is Rs 2,700 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 being an increase from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024. The value has increased overall by 8% from the 2012 revision to the 2024 revision.

What is the land classification for this area?

The land classification for Venkateshwara Nagar Part-I 3rd Cross Street is Residential Class I Type - I.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2% of the guideline value, contributing to the overall costs involved in property transactions.