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Guideline Value

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Guideline Value for Venkateswara Nagar 2nd Cross Street(Venkatesapuram Nagar 1st Street)

₹3850/sq.ft.

The guideline value for Venkateswara Nagar 2nd Cross Street(venkatesapuram Nagar 1st Street) in Velachery village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. 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 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
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 Venkateswara Nagar 2nd Cross Street(venkatesapuram Nagar 1st Street)

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Venkateswara Nagar 2nd Cross Street(Venkatesapuram Nagar 1st Street) guideline value

The current guideline value of Venkateswara Nagar 2nd Cross Street (Venkatesapuram Nagar 1st Street) 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 Venkateswara Nagar 2nd Cross Street(Venkatesapuram Nagar 1st Street) has changed

The guideline value register has no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023 for Venkateswara Nagar 2nd Cross Street. The most recent revision is the 2024 revision, which sets the guideline value at Rs 3,850 per sq.ft.

As there are no figures available for the previous years, there have been no changes in the guideline value for this street between the revisions listed above.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing Venkateswara Nagar 2nd Cross Street's 2024 figure below that median.

Stamp duty and registration fee for property in Venkateswara Nagar 2nd Cross Street(Venkatesapuram Nagar 1st Street)

For a 1,000 sq.ft plot at the current rate, the 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, totaling Rs 3,46,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Venkateswara Nagar 2nd Cross Street(Venkatesapuram Nagar 1st Street)?

The Venkateswara Nagar 2nd Cross Street (Venkatesapuram Nagar 1st Street) is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process of property transactions in Velachery. It serves as a reference point for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value influences the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher. This ensures that all transactions are fairly documented and taxed appropriately.

Frequently asked questions

What is the current guideline value of Venkateswara Nagar 2nd Cross Street?

The current guideline value of Venkateswara Nagar 2nd Cross Street (Venkatesapuram Nagar 1st Street) is Rs 3,850 per sq.ft, effective from 1 July 2024.

What is the land classification for Venkateswara Nagar 2nd Cross Street?

Venkateswara Nagar 2nd Cross Street is classified as Residential Class II Type - III.

How many streets in Velachery have a 2024 guideline value?

There are 2,691 streets in Velachery under the Velacheri SRO that carry a 2024 guideline value.

What are the stamp duty and registration fees for a property in Venkateswara Nagar 2nd Cross Street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would be Rs 3,46,500, calculated based on the guideline value of Rs 38,50,000.

Which office handles the registration for Venkateswara Nagar 2nd Cross Street?

The Velacheri Sub Registrar Office handles the registration for Venkateswara Nagar 2nd Cross Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.