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Guideline Value

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Guideline Value for Venkateshwara Nagar Part-I 3rd Street

₹2700/sq.ft.

The guideline value for Venkateshwara Nagar Part-i 3rd 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 N/A
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 Street

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Venkateshwara Nagar Part-I 3rd Street guideline value

The current guideline value of Venkateshwara Nagar Part-I 3rd 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 Street has changed

In the 2012 revision, the guideline value was set at Rs 2,500 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 2,500 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,700 per sq.ft, marking an 8% rise from the previous year. Overall, from the 2012 to the 2024 revision, the guideline value has increased by 8%.

The register does not provide figures for the years 2002, 2003, 2007, and 2017 for this street. Therefore, the only revisions available are from 2012, 2023, and 2024.

Guideline values in Kodungaiyur

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

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

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

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

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

The guideline value plays a crucial role when buying or selling property in Kodungaiyur. It serves as the minimum value on which stamp duty and registration fees are calculated during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements.

When registering a property, the guideline value is compared with the sale price, and the higher of the two figures is used to determine the applicable duties and fees. This ensures that the registration process reflects the true value of the transaction in the real estate market.

Frequently asked questions

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

The current guideline value of Venkateshwara Nagar Part-I 3rd Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2012 revision to the 2023 revision, the guideline value remained at Rs 2,500 per sq.ft. However, in the 2024 revision, it increased to Rs 2,700 per sq.ft, marking an 8% rise from the previous year.

What is the land classification for Venkateshwara Nagar Part-I 3rd Street?

The land classification for Venkateshwara Nagar Part-I 3rd Street is Residential Class I Type - I, indicating its suitability for residential purposes.

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

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Venkateshwara Nagar Part-I 3rd Street?

The Madhavaram Sub Registrar Office handles the registration for Venkateshwara Nagar Part-I 3rd Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.