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Guideline Value

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Guideline Value for Venkateshwara Nagar Part-I School Road 4th Cross Street

₹2700/sq.ft.

The guideline value for Venkateshwara Nagar Part-i School Road 4th 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 School Road 4th Cross Street

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Venkateshwara Nagar Part-I School Road 4th Cross Street guideline value

The current guideline value for Venkateshwara Nagar Part-I School Road 4th Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO and falls under Residential Class I Type - I land classification.

How the guideline value of Venkateshwara Nagar Part-I School Road 4th Cross Street has changed

Over the years, the guideline value for Venkateshwara Nagar Part-I School Road 4th Cross Street has seen several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,500 per sq.ft, and the most recent 2024 revision has further raised it to Rs 2,700 per sq.ft. The changes from 2012 to 2024 reflect an overall increase of 8%, while the change from 2017 to 2023 shows a significant rise of 49%.

The guideline value register has no figures for the years 2002, 2003, and 2007 for this street. The 2023 to 2024 revision indicates an increase of 8%, while the 2012 to 2017 revision shows a decrease of 33%.

Guideline values in Kodungaiyur

In Kodungaiyur, the guideline values for 2024 range from Rs 1,900 to Rs 4,000 per sq.ft, with the median value being Rs 2,700 per sq.ft. The guideline value for Venkateshwara Nagar Part-I School Road 4th Cross Street aligns with this median value.

Stamp duty and registration fee for property in Venkateshwara Nagar Part-I School Road 4th 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, and the registration fee at 2% would be Rs 54,000, making the total cost for these fees 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.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Venkateshwara Nagar Part-I School Road 4th Cross Street?

The Venkateshwara Nagar Part-I School Road 4th Cross Street is covered by 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 in the registration process of property transactions in Kodungaiyur. It is used to determine the applicable stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded at an official value, which helps maintain transparency in property dealings. This value is essential for both buyers and sellers to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value for Venkateshwara Nagar Part-I School Road 4th Cross Street?

The current guideline value for Venkateshwara Nagar Part-I School Road 4th 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 changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024. This reflects various increases and decreases over the years.

What are the other streets in Kodungaiyur with the same guideline value?

Other streets in Kodungaiyur that share the same guideline value of Rs 2,700 per sq.ft for 2024 include Venkateshwara Nagar Part-II 4th Street, Venkateshwara Nagar Part-II 3rd Street, Venkateshwara Nagar Part-II 2nd Street, Venkateshwara Nagar Part-II 1st Street, and Venkateshwara Nagar Part-I 4th Street.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in this area is 7% of the guideline value or sale price, whichever is higher. This is applicable during the registration of property transactions.

Which office handles the registration of properties in Venkateshwara Nagar Part-I School Road 4th Cross Street?

The registration of properties in Venkateshwara Nagar Part-I School Road 4th Cross Street is handled by the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.