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Guideline Value

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Guideline Value for Venkateswara Nagar 3rd Main Road, Ist Cross Street

₹3850/sq.ft.

The guideline value for Venkateswara Nagar 3rd Main Road, Ist Cross 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 ₹3500 /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.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 3rd Main Road, Ist Cross Street

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Venkateswara Nagar 3rd Main Road, Ist Cross Street guideline value

The current guideline value for Venkateswara Nagar 3rd Main Road, Ist Cross Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Velachery village under the Velacheri SRO, classified as Residential Class II Type - III.

How the guideline value of Venkateswara Nagar 3rd Main Road, Ist Cross Street has changed

The guideline value for this street has seen several revisions over the years. The oldest recorded revision is from 2012, where the value was Rs 3,500 per sq.ft. The recent revision in 2024 shows an increase to Rs 3,850 per sq.ft, marking a 10% increase from the 2012 figure.

There are no recorded figures for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street. The only figures available are from the 2012 and 2024 revisions.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Venkateswara Nagar 3rd Main Road, Ist Cross Street below that median.

Stamp duty and registration fee for property in Venkateswara Nagar 3rd Main Road, Ist Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, while the registration fee at 2% would be Rs 77,000. Together, the total cost for these fees would be Rs 3,46,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venkateswara Nagar 3rd Main Road, Ist Cross Street?

The Venkateswara Nagar 3rd Main Road, Ist Cross Street falls under 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 a crucial factor in the registration process when buying or selling property. It serves as a reference point for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the government receives the correct amount based on the property's assessed value. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value for Venkateswara Nagar 3rd Main Road, Ist Cross Street?

The current guideline value for Venkateswara Nagar 3rd Main Road, Ist Cross Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 3,850 per sq.ft in 2024, reflecting a 10% increase. There are no recorded figures for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification for this street?

The land classification for Venkateswara Nagar 3rd Main Road, Ist Cross Street is Residential Class II Type - III. This classification is important for understanding the regulations and potential uses for the property.

Where can I find the Velacheri Sub Registrar Office?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 38,50,000, the stamp duty would be calculated at 7% of this value.