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Guideline Value

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Guideline Value for Venkateswara Nagar (Part-II) 1st Cross Street

₹2700/sq.ft.

The guideline value for Venkateswara Nagar (part-ii) 1st 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 ₹2000 /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 Venkateswara Nagar (part-ii) 1st Cross Street

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Venkateswara Nagar (Part-II) 1st Cross Street guideline value

The current guideline value of Venkateswara Nagar (Part-II) 1st 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 is classified as Residential Class I Type - I.

How the guideline value of Venkateswara Nagar (Part-II) 1st Cross Street has changed

The guideline value for Venkateswara Nagar (Part-II) 1st Cross Street has undergone several revisions over the years. The oldest recorded revision is from 2012, when the guideline value was Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in 2017. Subsequently, the value increased to Rs 2,500 per sq.ft in 2023, marking a significant rise of 49% from the 2017 figure. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, reflecting an 8% increase from 2023.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, the guideline value has increased by 35% from the 2012 revision to the 2024 revision.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 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 across these streets is Rs 2,700 per sq.ft, which is equal to the guideline value of Venkateswara Nagar (Part-II) 1st Cross Street.

Stamp duty and registration fee for property in Venkateswara Nagar (Part-II) 1st 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. Thus, the total cost for these fees together would be 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 Venkateswara Nagar (Part-II) 1st Cross Street?

The Venkateswara Nagar (Part-II) 1st Cross Street falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kodungaiyur. It serves as the basis for calculating the stamp duty and registration fees, ensuring that these costs are aligned with the official valuation set by the government.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Venkateswara Nagar (Part-II) 1st Cross Street?

The current guideline value of Venkateswara Nagar (Part-II) 1st 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 changes, starting from Rs 2,000 per sq.ft in 2012, dropping to Rs 1,675 per sq.ft in 2017, increasing to Rs 2,500 per sq.ft in 2023, and finally reaching Rs 2,700 per sq.ft in 2024.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 27,00,000, the total stamp duty and registration fees would amount to Rs 2,43,000.

Which office handles property registrations for Venkateswara Nagar (Part-II) 1st Cross Street?

The Madhavaram Sub Registrar Office handles property registrations for Venkateswara Nagar (Part-II) 1st Cross Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification for Venkateswara Nagar (Part-II) 1st Cross Street?

The land classification for Venkateswara Nagar (Part-II) 1st Cross Street is Residential Class I Type - I, indicating its suitability for residential development.